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Amax revenue mainly derived from Pacific island operation

Local casino investor Amax International Holdings Limited has announced that its online gaming operation in the Republic of Vanuatu, an island in the Pacific, has generated most of the company’s annual revenue. In its Environmental, Social and Governance Report filed with the Hong Kong Stock Exchange on Monday, Amax stated that 57.9 per cent of […]

Local casino investor Amax International Holdings Limited has announced that its online gaming operation in the Republic of Vanuatu, an island in the Pacific, has generated most of the company’s annual revenue.
In its Environmental, Social and Governance Report filed with the Hong Kong Stock Exchange on Monday, Amax stated that 57.9 per cent of its gaming business revenue was generated from the Pacific island.
The Hong Kong-listed company launched its gaming business in Vanuatu in May 2016.
The company also stated in the report that it has completed the acquisition of 30 mobile game apps in the reporting year (April 2016 – March 2017).
Amax holds 24.8 per cent of Greek Mythology (Macau) Entertainment Group Corporation Limited, which operates and manages the Greek Mythology casino in Beijing Imperial Palace Hotel – formerly New Century Hotel – in the city.
Beijing Imperial Palace Hotel remains closed after its operating licence reverted to the Macao SAR Government at the beginning of the year, while Greek Mythology casino was shut down by the Gaming Inspection and Co-ordination Bureau (DICJ) in 2015.
In a filing from early September, it referred to its intention to obtain the exclusive operating rights for a VIP room in an undisclosed Cambodian casino.

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