Amax International Holdings

    Website: http://www.amaxhldg.com/

    Amax International Holdings Limited (HKEx:959) is principally engaged in investments in gaming and entertainment related business and is positioned for high-end leisure & entertainment consumption.It currently owns 24.8 percent equity interest in Greek Mythology Casino, located in Tai Pa, Macau.Greek Mythology Casino has approximately 20 VIP gaming rooms and a gaming floor targeting the mid-range to high–end market customers from Mainland China and other Asian regions.The company also holds a majority interest in Nanning Inter-Joy LOTTO Information Service Co. Ltd which is engaged in distributing a proprietary electronic lottery sales system for its sales providers, and self-operated lottery parlors aimed at high-end players at Guangxi province.

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    Amax reports 54 percent drop in revenue

    Amax International Holdings Limited has reported a 54 percent year-on-year drop in revenues in the six-month period ending September 30 to the figure of HK$28.5 million (about US$3.6 million).

    Amax to operate four gaming tables at new Sihanoukville casino

    Amax International Holdings on Monday announced that it has conditionally agreed to take up a lease of four gaming tables at a newly-opened casino in Sihanoukville, Cambodia.  The agreement sees Victor Mind Global, a wholly-owned subsidiary of Amax International, to lease four mass-market gaming tables (mainly baccarat) from Lion King Entertainment Company, wholly-owned by Amax […]

    Amax proposes name change to Century Entertainment

    Amax International Holdings has proposed a name change to “Century Entertainment International Holdings Limited,” which it says will help to refresh its corporate image.  The company is principally engaged in investments in gaming and entertainment-related businesses. It is involved a gaming business in Vanuatu and was previously an investor in Greek Mythology Casino in Macau.  […]

    Amax posts significantly widened loss in FY19

    Amax International Holdings posted a significantly widened loss of HK$418.3 million for the financial year ended March 31, 2019. The loss was an increase from an HK$50.7 million loss recorded in the previous financial year, stemming mainly from a one-off impairment and disposal losses of Greek Mythology during the year. The company had made the […]

    Amax sees “obvious increase” in FY2019 loss

    Amax International said it expected to report an “obvious increase” in its loss for the year to end-March 2019, although it stressed the shortfall is due to one-off impairments that don’t affect the cash flow of the business.

    Amax sells mobile business to Cambodia casino operator

    Amax International Holdings has sold its mobile gaming business to Galaxy World Co. Ltd, a casino operator in Cambodia for HK$30 million (US$3.8 million). The mobile games apps include 30 offline mobile game app’s source codes, which cover the areas of leisure and entertainment, education and intellectual, sport, and adventures, according to Amax’s filing to […]

    Amax wins court battle for ownership of Beijing Imperial

    A Macau court has ruled in favor of Amax International Holdings for the legal ownership of Beijing Imperial Palace Hotel, Macau Business reports. Amax International, a company owned by Empresa Hoteleira, has been fighting for ownership of the property against Victory Success Holdings, a company owned by Alvin Chau’s SunCity Group since 2012, when the […]

    Suncity reportedly seeking legal opinion on Beijing Imperial

    Suncity Group Holdings is reportedly taking legal advice after rival junket operator Amax International Holdings disputed its assertion it has taken control of the shuttered Beijing Imperial Palace Hotel in Macau.

    Amax denies SunCity takeover of Beijing Imperial Palace

    Amax International Holdings has denied a report in a Chinese newspaper that Macau’s leading junket operator, SunCity International, has taken control of the Beijing Imperial Palace Hotel.

    Amax posts narrowed loss, continues diversification

    Amax International Holdings posted a narrowed net loss of HK$13.9 million (US$1.8 million) for the six months ended September 30, 2017, mainly due to an increase in revenue in the period. Total revenue in the six month period grew 156.3 percent to HK$10.5 million in the half year, mainly attributable to revenue derived from its […]

    Amax says Vanuatu accounts for 58 percent of revenue

    Amax International, a Macau junket investor, says that its online operation in Vanuatu now accounts for almost 58 percent of its total revenue. The Hong Kong-listed company said in its annual ESG report that it began the business last year after receiving approval from the Director of Customs and Inland Revenue of Vanuatu on 15 […]

    Amax to raise HK$6.64m through placing

    Amax International said it will raise about HK$6.64 million ($848,491) net through a share placement to third parties. The junket operator said in a filing to the Hong Kong Stock Exchange that the fund raising exercise provides an opportunity for the company to raise capital and broaden its shareholder base. Amax agreed to sell up […]

    Amax looking to acquire VIP room in Cambodia

    Macau casino investor Amax International Holdings has announced it has entered into a Letter of Intent to obtain the operating rights to a VIP room in Cambodia. The company did not specify which casino in Cambodia that the VIP room is located, but noted that the VIP room operates 13 baccarat tables and is owned […]

    Amax shareholder questions VR/AR acquisition

    A substantial shareholder of Amax International Holdings has questioned the casino investor about its recent acquisition of AR/VR technology business, Explicitly Grand Investment Ltd in July. According to a filing from Amax on Wednesday, Shen Nan (Macao) Investment Co. Ltd, which holds 11 percent of the company, raised certain concerns regarding the acquisition, and has […]

    Amax buys VR tech business

    Amax International Holdings has acquired an AR/VR technology business for HK$63.5 million (US$8.1 million), according to the company’s filing to the HKEx. The target company, Explicitly Grand Investment Ltd, is engaged in the development of innovative intellectual properties and technological solutions, mobile apps development and the provision of IT solutions to clients and mobile users […]

    Amax records net loss in FY17

    Macau casino investor Amax International Holdings Ltd. recorded a net loss of HK$988.5 million (US$126.7 million) for the fiscal year ended March 31, 2017. Amax, in a filing on Thursday, said the net loss was mainly due to “recognition of impairment losses which are non-cash in nature and do not have any impact on the […]

    Amax expecting to record widened loss

    Macau casino investor Amax International Holdings Ltd. says it expects to record an “obvious” increase in loss for the year ended March 31, 2017 when compared with a net loss of HK$43.1 million (US$5.5 million) in the previous year. According to a company filing to the Hong Kong Stock Exchange on Friday, the increase in […]

    Amax expands in mobile gaming with apps purchase

    Amax International Holdings said it agreed to buy mobile games apps for a total consideration of $27 million to tap into the booming mobile market. The casino investor will issue consideration shares at a prices of $0.045 each to the vendors, who were named as Patrick Wah Poon and Ng Wing Ki Kristy. The price […]

    Amax posts net loss of HK$18.3 million in FY16H1

    Amax International Holdings posted a net loss of approximately HK$18.3 million for the six months ended September 30, 2016, according to a filing to the Hong Kong Stock Exchange. The group, which owns 24.8 percent equity interests in Greek Mythology Casino, saw revenue of HK$4.11 million in the six month period, up slightly from HK$3.99 […]

    Amax considers legal action against Greek Mythology

    HK-listed Amax International Holdings is considering taking legal action against the operator of Greek Mythology Casino for failing again to submit its annual financial accounts to the company. “The company has yet to obtain 2015 & 2016 management accounts from Greek Mythology. The company has been advised by its Macau lawyer to take further legal […]

    Beijing Imperial Palace shuts down for six months

    The Macau Government Tourist Office (MGTO) has ordered the temporary closure of Beijing Imperial Palace Hotel (formerly known as New Century Hotel) for a period of six months. According to a release on the government website, the decision was made as the hotel “committed serious administrative irregularities and failed to carry out essential fire safety […]

    Amax posts net loss of $6.3 million in 2016

    Casino operator Amax International Holdings Limited posted a net loss for the financial year ended March 31, 2016 amounting to approximately HK$49 million (US$6.3 million). In a filing to the Hong Kong Stock Exchange, the company said it the loss widened compared to HK$41.4 million for the financial year ended March 31, 2015. The results […]

    Amax sells subsidiary to concentrate on gaming business

    HK-listed Amax International Holdings Ltd has announced it has entered into an agreement to sell its entire stake of its investment holding company, Le Rainbow. According to a filing to the Hong Kong Stock Exchange, the company will be sold to “a merchant in the PRC,” one Weizhang Zeng. The consideration for the sale share […]

    Amax to commence gaming business in Vanuatu

    Casino investor Amax International Holdings Limited has announced that it has received a letter of approval from the regulator regarding commencement of the group’s gaming business in the Republic of Vanuatu. Mr. Ng Man Sun, Chairman of Amax, said, “We are excited to receive the regulator’s approval as this will mark a milestone in expanding […]

    Ownership of Beijing Imperial Palace under dispute again

    The ownership of Beijing Imperial Palace Hotel has fallen into dispute again following local businessman Ng Man Sun stating he still owns “lawful legal title” to use the property, Macau Business Daily reports. Last week, Empresa Hoteleira de Macau Lda announced it had transferred ownership of the hotel to Victory Success Holdings Limited. According to […]

    Amax International Holdings to claw back HK$150 million promissory notes

    Macau casino investor, Amax International Holdings, known for holding 30 percent interest in Greek Mythology (Macau) Entertainment Group Corporation Ltd, has announced it has issued a writ of summons claiming against a Ms. Lee Bing, according to a filing to the Hong Kong Stock Exchange. According to the note, Lee Bing, who was a third […]

    Amax to raise $1.95m through share placement, third this year

    Amax International said it plans to raise HK$15.19 million ($1.95 million) net through a share placement to raise funds for working capital and investment. The equity fund raising exercise is the company’s third so far this year. Amax will place 24 million shares with no less than six placees at HK$0.64 a share, which is […]

    Amax to raise $2m through share placement

    Amax International, a gaming company investor and holder of an almost 30 percent stake in the Greek Mythology Casino in Macau, said it plans to raise HK$16 million ($2 million) through a placing of common shares. In a filing with the Hong Kong Stock Exchange, the company said it planned to use the net proceeds […]

    Amaya acquires Victiv; will launch under new “Starsdraft” brand

    Amaya Inc. announced that it has acquired Victiv, a Texas-based daily fantasy sports site that offers players the opportunity to build a roster of their favorite sports stars and compete for the chance to win real money. The current Victiv team will manage the DFS business, which will be rebranded StarsDraft and will be initially […]

    Amax reports loss of HK$41.4 million in 2015

    Amax International holdings, an investment company engaged in gaming in Macau, swung to a net loss for the financial year ended 31 March 2015, as a one-time gain from the sale of a unit wasn’t repeated. The company had a loss of about HK$41.4 million ($5.3 million), compared to a net profit of approximately HK$65.4 […]

    Junkets eye Cambodia’s VIP potential

    Macau’s junket operators are increasingly focused on Cambodia, drawn in by growing business ties with China and its location between countries that don’t allow locals to gamble. SunCity Group, Macau’s largest junket, on March 1 launched its first VIP Club at NagaCorp’s NagaWorld property in Phnom Penh, encouraged by the rapid growth in Chinese tourists to the kingdom and others are also moving in. 
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