• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Amax back in black with US$8.4 mln profit

Jun 30, 2014 Newsdesk Latest News, Macau, Top of the deck  


Amax back in black with US$8.4 mln profit

Macau junket investor Amax Holdings Ltd has swung back to profitability in the financial year ended March 31. The company posted a net profit of HK$65.4 million (US$8.4 million), which it said was primarily attributable to the HK$102 million disposal of Ace High Group Ltd.

Amax had posted a net loss of approximately HK$39.40 million in the previous 12 months.

The company’s selling and distribution expenses were down 40 percent year-on-year to HK$1.10 million in the year ended March 31. General and administrative expenses went up 9 percent to HK$37.5 million.

The company adds however that current results do not reflect the actual performance of Greek Mythology (Macau) Entertainment Group Corp Ltd, an associate that operates the Greek Mythology Casino, a gaming venue inside the Imperial Palace Hotel, former New Century Hotel, in Taipa.

A fortnight ago, Amax told the Hong Kong Stock Exchange it had filed litigation against Greek Mythology associate in a Macau court, in relation to the latter’s alleged failure to provide annual accounts to Amax shareholders.

“During the year under review, the financial information of Greek Mythology was unavailable,” the company said in the latest filing, adding that it expects such information “to have significant impact” on the annual results.

Greek Mythology currently has approximately 20 VIP gaming rooms and a gaming floor targeting mid- to high-end market customers from mainland China.


  • tweet
Related articles
  • L&W building game content across 3 pillars: Ken Jolly
    L&W building game content across 3...

    Jun 07, 2023  

  • Macau GGR in June hit by seasonal slowdown: JP Morgan
    Macau GGR in June hit by seasonal...

    Jun 05, 2023  

More news
  • China Politburo meeting key for any policy shift: UBS
    China Politburo meeting key for any...

    Jun 07, 2023  

  • Record BMM test revenue, EBITDA in 2022: CEO
    Record BMM test revenue, EBITDA in...

    Jun 07, 2023  


Latest News

China Politburo meeting key for any policy shift: UBS

China Politburo meeting key for any policy shift: UBS

Jun 07, 2023  

Chinese government policies relevant to investors and consumers might “turn more positive” if the country’s economic-growth momentum “continues to weaken”, says a note from...
Read More
L&W building game content across 3 pillars: Ken Jolly

L&W building game content across 3 pillars: Ken Jolly

Jun 07, 2023  

G2E Asia 2023: Singapore

  • L&W building game content across 3 pillars: Ken Jolly
    L&W building game content across 3 pillars: Ken Jolly

    Jun 07, 2023  

    Casino gaming content and hardware provider Light &...
  • ETGs rapid growth segment in Asia: Interblock Michael Hu
    ETGs rapid growth segment in Asia: Interblock Michael Hu

    Jun 06, 2023  

    Electronic table games (ETGs) supplier Interblock dd is...
  • GLI offering RNG test tools, cybersecurity demand growing
    GLI offering RNG test tools, cybersecurity demand growing

    Jun 05, 2023  

    Random number generator (RNG) testing tools are among the...
  • Alfastreet’s new Verso cabinet heading to Asian markets
    Alfastreet’s new Verso cabinet heading to Asian markets

    Jun 01, 2023  

    Alfastreet, a manufacturer of electronic gaming machines,...
  • Sega Sammy Creation growing land-based, eyes online
    Sega Sammy Creation growing land-based, eyes online

    Jun 01, 2023  

    Casino equipment maker Sega Sammy Creation Inc is tweaking...
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling challenges: Uplatform

    Jun 01, 2023  

    The iGaming segment in Asia “has grown rapidly” since...
  • ‘See before you play’ slot marketing tool, say tech suppliers
    ‘See before you play’ slot marketing tool, say tech...

    May 31, 2023  

    Showing slot machine players – via animations on the...
  • Macau stocks tied to China outlook: Bloomberg analyst
    Macau stocks tied to China outlook: Bloomberg analyst

    May 31, 2023  

    Macau stocks in likelihood “have been punished too much...
  • Investors still eye possible fresh IR locations in Japan: scholar
    Investors still eye possible fresh IR locations in Japan:...

    May 31, 2023  

    There are foreign companies still interested in investing...
  • Thai casino law possible in 2024, IR in 2030: govt adviser
    Thai casino law possible in 2024, IR in 2030: govt adviser

    May 31, 2023  

    Thailand could pass the necessary enabling legislation for...
  • China still ‘critical’ to Asian markets: G2E Asia panel
    China still ‘critical’ to Asian markets: G2E Asia panel

    May 30, 2023  

    China will remain a key market for Asian gaming...
  • Much interest in state casinos sale, says Pagcor boss Tengco
    Much interest in state casinos sale, says Pagcor boss

    May 30, 2023  

    Alejandro Tengco (pictured in a file photo), chairman and...
  • Gaming industry in for a very exciting period: Bill Miller
    Gaming industry in for a very exciting period: Bill Miller

    May 30, 2023  

    There are “plenty of reasons” for the global gaming...
  • IGT flags route to high-performing games for Asia
    IGT flags route to high-performing games for Asia

    May 30, 2023  

    Gaming equipment provider International Game Technology Plc...
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference begins today

    May 30, 2023  

    The Global Gaming Expo (G2E) Asia 2023 Special Edition:...
  • Novomatic’s Black Edition II cabinets at G2E in Singapore
    Novomatic’s Black Edition II cabinets at G2E in Singapore

    May 29, 2023  

    Austria-based gaming equipment maker and operator Novomatic...
  • Uplatform to show latest iGaming products at G2E Singapore
    Uplatform to show latest iGaming products at G2E Singapore

    May 25, 2023  

    Sports betting and online casino operating platform...
  • L&W ambition to be No1 in Asia well on its way: SVP gaming
    L&W ambition to be No1 in Asia well on its way: SVP...

    May 24, 2023  

    The business performance in Asia of gaming content and...
  • G2E Singapore expecting 6k visitors, 100+ exhibitors
    G2E Singapore expecting 6k visitors, 100+ exhibitors

    May 18, 2023  

    The organisers of Global Gaming Expo (G2E) Asia 2023...
  • ‘Dragon Unleashed’ slot link by L&W at G2E in Singapore
    ‘Dragon Unleashed’ slot link by L&W at G2E in...

    May 17, 2023  

    Gaming content and equipment supplier Light & Wonder...
  • Sega Sammy Creation new multi-ETG at G2E in Singapore
    Sega Sammy Creation new multi-ETG at G2E in Singapore

    May 16, 2023  

    Casino equipment maker Sega Sammy Creation Inc is to...
  • Aristocrat at G2E Asia in Singapore previews Year of Dragon
    Aristocrat at G2E Asia in Singapore previews Year of Dragon

    May 09, 2023  

    Casino slot machine and digital gaming content provider...
  • IGT ‘Prosperity’ link in Asia show debut G2E in Singapore
    IGT ‘Prosperity’ link in Asia show debut G2E in...

    May 05, 2023  

    The Global Gaming Expo (G2E) Asia event in Singapore is the...
  • Thai parliament adviser on casinos attending G2E Singapore
    Thai parliament adviser on casinos attending G2E Singapore

    May 04, 2023  

    An adviser to a Thailand parliamentary committee mulling...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We’ve said we want to grow EBITDA ... to US$1.4 billion in 2025. And we have a really high level of conviction about getting there”

Matt Wilson

Chief executive of casino equipment provider Light & Wonder



Most Popular

  • Macau GGR in June hit by seasonal slowdown: JP MorganMacau GGR in June hit by seasonal slowdown: JP Morgan June 5, 2023
  • Queen’s Wharf Brisbane opening delayed to April 2024Queen’s Wharf Brisbane opening delayed to April 2024 June 6, 2023
  • China Politburo meeting key for any policy shift: UBSChina Politburo meeting key for any policy shift: UBS June 7, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us