Universal Entertainment Corp. has signed a deal with a Chinese firm as the Japanese-listed gaming conglomerate aims to expand its casino-related business.

In a regulatory filing on Monday, Universal announced it has entered into a “Basic Agreement” with Hong Kong-based finance conglomerate China Guangcai International Investment Group Co., Ltd. (Guangcai) to establish a fifty-fifty joint corporation in the former British colony.

The joint venture, which will be called Hong Kong Guangcai Universal Entertainment Limited, will focus on the exclusive sales and maintenance business for casino-related devices and systems that Universal developed and manufacture. The partnership will not extend to the Philippines.

Based on the little information that Universal provided to its shareholders, Guangcai is involved in the fields of finance, resource development, mineral development, and trade. The company is represented by businessman Ren Jie.