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…”
Jul 16, 2018Casino gross gaming revenue (GGR) in Macau’s VIP segment expanded by 14.4 percent year-on-year in the second quarter of 2018, to MOP41.04 billion (US$5.13 billion), according to data released on...
Jul 16, 2018
"The President [Rodrigo Duterte] had already decided and announced that no construction of a casino on Boracay will be allowed”
Secretary Eduardo Año
Officer-in-charge at the Philippine Department of Local and Interior Government