Operating Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

Operating Segment Information [Abstract]

Schedule of Segment Revenue and Results

For the six months ended June 30, 2026 (unaudited)

		Media and entertainment				Hotel operation, hospitality and VIP services				Strategic investment				Total
		US$’000				US$’000				US$’000				US$’000
Segment revenue
Revenue
- from contract with customers			10,513				20,245				—				30,758
- other			—				—				35,106				35,106
			10,513				20,245				35,106				65,864
Segment results			1,820				(1,740	)			35,106				35,186
Other income															2,080
Fair value change on financial liabilities at FVTPL															71
Finance costs															(7,343	)
Corporate and other unallocated expenses															(2,019	)
Profit before tax															27,975

For the six months ended June 30, 2025 (unaudited)

		Media and entertainment				Hotel operation, hospitality and VIP services				Strategic investment				Total
		US$’000				US$’000				US$’000				US$’000
Segment revenue
Revenue
- from contract with customers			9,976				12,668				—				22,644
- other			—				—				64,785				64,785
			9,976				12,668				64,785				87,429
Segment results			1,137				(2,289	)			64,785				63,633
Other income															7
Share-based payments															(58,878	)
Fair value change on financial liabilities at FVTPL															5,221
Finance costs															(4,614	)
Corporate and other unallocated expenses															(1,732	)
Profit before tax															3,637

Schedule of Segment Assets and Liabilities

Segment assets and liabilities

		As of				As of
		June 30,				December 31,
		2026				2025
		US$’000				US$’000
		(unaudited)				(audited)

Segment assets
Media and entertainment			122,697				126,874
Hotel operation, hospitality and VIP services			977,982				595,474
Strategic investments			516,972				494,524
Total segment assets			1,617,651				1,216,872
Unallocated corporate assets			187,164				247,204
Total assets			1,804,815				1,464,076

Segment liabilities
Media and entertainment			2,899				1,866
Hotel operation, hospitality and VIP services			92,094				70,519
Total segment liabilities			94,993				72,385
Unallocated corporate liabilities			777,367				552,602
Total liabilities			872,360				624,987

Schedule of Geographical Areas Based on Location of Operations

The following table sets forth the Group’s revenue from contract with customers by geographical areas based on the location of the operations:

		Six months ended
		June 30,
		2026				2025
		US$’000				US$’000
		(unaudited)				(unaudited)
Media and entertainment
- China (including Hong Kong)			387				111
- Europe			4,557				4,317
- America			3,276				3,690
- Southeast Asia			2,293				1,858
			10,513				9,976
Hotel operation, hospitality and VIP services
- China (including Hong Kong)			2,861				2,929
- Europe			188				-
- America			3,410				-
- Australia			2,219				-
- Southeast Asia			11,567				9,739
			20,245				12,668
Total			30,758				22,644