“A golden opportunity”
Macau-based casino operator Amax International Holdings Ltd. has won approval to launch a gaming enterprise in the Republic of Vanuatu, in the South Pacific Ocean.
Chairman Ng Man Sun said, “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. 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.”
The company has been preparing for the move since late 2014, when Amax acquired 60 percent of Forenzia Enterprises Ltd. Forenzia holds a 15-year interactive gaming license in Vanuata, a popular vacation destination for tourists from Australia, New Zealand, New Caledonia, Europe, North America and Japan, said Amax in a press release.
“The group has full confidence in the high potential of Vanuatu as the next gaming hotspot, and is well-poised to benefit from pent-up demand by establishing gaming operations in the republic,” the statement said.
