Dec 01, 2014 Newsdesk Industry Talk, Latest News  
Casino investor Amax International Holdings Ltd saw its loss attributable to shareholders widen by 12.7 percent year-on-year in the first half fiscal 2014, to HKD17.77 million (US$2.3 million), compared to HKD15.77 million a year earlier.
The firm released on Friday to the Hong Kong Stock Exchange the unaudited interim numbers for the period ending September 30.
It added that the results of an associate – Greek Mythology (Macau) Entertainment Group Corp Ltd – were not available.
On October 14, Amax International said it had agreed to acquire a 60 percent equity interest in a firm with access to an interactive gaming licence issued by the Pacific island republic of Vanuatu. Amax International said it wants to run a proxy betting operation in Vanuatu and also to bring in high rollers to the island.
The first tranche of 22,200,000 new ordinary shares were issued to the vendor upon the completion of the sale of the equity stake in Forenzia Enterprises Ltd. The second tranche of 14,800,000 new ordinary shares will be issued within six months of business operations starting in Vanuatu, Amax International said on Friday.
On November 25, 2014, Amax International also entered into a placing and subscription agreement with a subscriber for 9,900,000 existing placing shares at a price of HKD0.93 per share. The aggregate gross and net proceeds are approximately HKD9.21 million and HKD9.06 million respectively, to be used for general working capital and investment of the company.
The placing shares represent approximately 3.86 percent of the issued share capital of the company as of November 25 and approximately 3.71 percent of the issued share capital as enlarged.
Jun 25, 2019
Feb 18, 2019
Apr 26, 2024
Apr 26, 2024
Apr 26, 2024
Symbols of the American West abound in “Release the Bison”, the latest slot game from online gaming content provider Pragmatic Play Ltd. When players of this 5×4 slot product hit four or...(Click here for more)
"With our ambition to be the leading gaming platform for the regulated online real money gaming industry, the addition of NeoGames to our team advances our strategy to build global scale and capability"
Trevor Croker
Chief executive of Aristocrat Leisure