Prime Gaming Philippines, Inc. (PGPI) was originally incorporated on October 31, 1924 as Central Azucarera de Pilar mainly for the purpose of production of sugar. It subsequently changed its name to Prime Gaming Philippines, Inc. and completed the acquisition of its subsidiary corporation, Philippine Gaming Management Corporation (PGMC) in 1998. In August 2002, PGPI acquired 1,562,500 shares of Roadhouse Grill, Inc. (RHG), a foreign corporation. The principal activity of PGPI's subsidiary, PGMC, is the leasing of online lottery equipment and providing software support. Revenue from the lease of online lottery equipment, and maintenance and repair services are recognized based on certain percentage of gross receipts from lottery ticket sales. Source: SEC Form 17-A (2008)