Sky City’s managing director Li Haoguang says: “We are delighted to announce our partnership with the Vividthree Group to develop a new brand of gaming arcades across key Southeast Asian markets. There are great opportunities for us to leverage the resources and connections in media and retail, of Vividthree and its parent company, mm2 Asia (SGX:1B0
) , to grow the leisure and entertainment businesses in these markets.”
Entertainment company Vividthree Holdings (SGX:OMK) has announced its signing of a memorandum of understanding (MOU) with Guangdong Sky City Culture and Entertainment, a Chinese arcade and entertainment brand headquartered in Guangdong China, to develop gaming arcade centres in Southeast Asian markets.
The MOU outlines a strategic partnership for both companies to establish arcade businesses in the region, starting with Singapore. Sky City has over 13 years of experience developing, operating and promoting family entertainment concepts while Vividthree will leverage its expertise in digital media creation and production to enhance arcade gaming offerings, especially in the areas of virtual reality (VR) and augmented reality (AR) games, as well as globally recognised intellectual property (IP) management.
