“WPL (Waterfront Properties Private Limited) entered into a Memorandum of Understanding (MOU) with a leading international gaming operator,” JKH Chairman Krishan Balendra said.

“This MOU consists of the framework for investing into and operating of a casino at the Cinnamon Life Integrated Resort as well as the commercial framework between the parties,” he added.

However, Balendra refrained from disclosing the identity of the party with whom JKH has signed the MOU, as the finer details of the agreement have not been fully settled.