• 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 says has approval to start gaming ops in Vanuatu

May 19, 2016 Newsdesk Latest News, Macau, Top of the deck, World  


Amax says has approval to start gaming ops in Vanuatu

Macau junket and casino investor Amax International Holdings Ltd announced on Wednesday that it had received conditional approval to start gaming operations on the Pacific island nation of Vanuatu.

The Hong Kong-listed company said in a filing that it had “received a letter from the regulator giving in principle approval … [for] the commencement of the operation of the group’s gaming business in the Republic of Vanuatu”.

Amax International had announced in October 2014 that it had completed the purchase of a 60 percent stake in Forenzia Enterprises Ltd, a firm that has access to an interactive gaming licence for Vanuatu, valid for a period of 15 years. The deal was closed for a total consideration of HKD48.1 million (US$6.2 million).

The firm plans to use the licence to operate from Vanuatu’s capital Port Vila live table games videoed and streamed for online players.

“We are excited to receive the regulator’s approval as this will mark a milestone in expanding our gaming business outside of Macau and towards the international market,” said Ng Man Sun, chairman of Amax International, in a separate statement on Wednesday.

He added: “In view of the poor industry sentiment in Macau’s gaming market, as well as the rapid development of the interactive gaming sector in recent years, this new project will provide us with a golden opportunity to diversify our business and thereby broaden our income sources.”

Amax International reported an operating loss of approximately HKD17.7 million in the six months to September 30, 2015, compared to an operating loss of about HKD18.4 million for the prior-year period. The firm is yet to publish its results for fiscal year ended March 31, 2016.

Amax International has said that it expects the gaming business in Vanuatu “to become the main revenue driver for the company in Asia-Pacific”.

Mr Ng said in Wednesday’s statement: “We are confident that by leveraging our extensive experience and expertise in the gaming industry, this new project can significantly and positively contribute to the group and create value for our shareholders.”


  • tweet
Related articles
  • Century Ent to tie to 8 tables at Cambodia casino
    Century Ent to tie to 8 tables at...

    Feb 28, 2023  

  • Cambodia gaming table biz to resume soon: Century Ent
    Cambodia gaming table biz to resume...

    Nov 29, 2022  

More news
  • Bruno Mars to perform at MGM Cotai in Jan: MGM China
    Bruno Mars to perform at MGM Cotai in...

    Nov 28, 2023  

  • Nomura caution on China economy, China tourism in Asia
    Nomura caution on China economy, China...

    Nov 28, 2023  


Latest News

Bruno Mars to perform at MGM Cotai in Jan: MGM China

Bruno Mars to perform at MGM Cotai in Jan: MGM China

Nov 28, 2023  

American singer-songwriter Bruno Mars is to make a one-night-only concert appearance on the roof terrace of the MGM Cotai casino resort on January 6, said the venue promoter MGM China Holdings Ltd in...
Read More
Nomura caution on China economy, China tourism in Asia

Nomura caution on China economy, China tourism in Asia

Nov 28, 2023  

China ents provider iQiyi in deal for Galaxy Arena events

China ents provider iQiyi in deal for Galaxy Arena events

Nov 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”There’s been a 20 percent or 30 percent increase in our testing staff to handle globally the amount of extra work that we’ve got, and the Philippines and Macau have definitely contributed to that overall growth”

Ian Hughes

Chief commercial officer of testing and certification firm GLI



Most Popular

  • Ex-exec of Saipan casino-tied firm jailed by Beijing courtEx-exec of Saipan casino-tied firm jailed by Beijing court November 27, 2023
  • Malaysia to allow visa-free entry to Chinese citizensMalaysia to allow visa-free entry to Chinese citizens November 27, 2023
  • Kazuo Okada properly removed from IR op: Philippine courtKazuo Okada properly removed from IR op: Philippine court November 28, 2023
  • Nearly 10k money touts detected Jan-Sept says Macau govtNearly 10k money touts detected Jan-Sept says Macau govt November 27, 2023
  • China ents provider iQiyi in deal for Galaxy Arena eventsChina ents provider iQiyi in deal for Galaxy Arena events November 28, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us