Hong Kong-listed gaming investor Amax International Holdings Ltd says it has delayed by up to three months the launch of an interactive betting operation – likely to include live VIP play – in the Pacific island republic of Vanuatu (pictured).
Amax had announced in mid-October that it had completed the purchase of a 60 percent stake in Forenzia Enterprises Ltd, a firm that has access to an online gaming licence for Vanuatu. The deal was closed for a total consideration of HKD48.1 million (US$6.2 million).
Amax said in a filing on Tuesday that the local regulator had agreed to grant the target company an extension on the deadline for the start date of gaming operations – from December 31 2014, to March 31, 2015.
Amax added that “additional time is required for the company to complete the installation of the software as well as staff recruitment and training…”
Oct 20, 2020Gradual improvement in Macau’s gross gaming revenue (GGR) levels should serve as a “tailwind” to drive up pricing of Macau gaming stocks, says Deutsche Bank Securities Inc. “We...
Oct 20, 2020
”China has been strengthening the control over capital flow, and the impact of that has already been reflected [on Macau’s gaming revenue trend]. There should not be any bigger impact from the new… legislation [on the mainland] … on the gaming revenue trend here”
Wilfred Wong Ying Wai
President of Macau casino operator Sands China