• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 24 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Bond conversion sees Amax International Chairman increase stake three-fold

Newsdesk by Newsdesk
Mon 4 Feb 2019 at 21:27
Greek Mythology
7
SHARES
47
VIEWS
Print Friendly, PDF & Email

The Chairman, CEO and Executive Director of Hong Kong-listed gaming investor Amax International Holdings, Ng Man Sun, has dramatically increased his holding in the company after exercising conversion rights to convertible bonds.

In a filing, Amax said it had been informed by Ng of his wish to convert bonds in the amount of HK$50.5 million at a price of HK$0.30 per share, with the company subsequently issuing a total of 168,333,333 conversion shares on Monday 4 February 2019. The shares represent 18.88% of the total issued shares of Amax before the conversion and 15.88% following enlargement via the allotted amount.

As such, Ng’s stake in the company has risen from 6.44% to 21.30%.

Amax currently operates a gaming business in Vanuatu under an interactive gaming license as well as a VIP room with 13 baccarat tables at Genting Crown Casino in Poipet Cambodia.

Most notably, it is also engaged in an ongoing legal stoush with Greek Mythology (Macau) Entertainment Group Corporation Limited – which operated and managed the shuttered Greek Mythology casino at Beijing Imperial Palace Hotel in Macau and of which Amax holds a 24.8% stake – in an effort to gain access to their books and records.

RelatedPosts

Hong Kong Jockey Club says racing turnover grew 3% to US$17.7 billion in 2024/25 season

Hong Kong Jockey Club says racing turnover grew 3% to US$17.7 billion in 2024/25 season

Sun 20 Jul 2025 at 07:31
MGM China says gambling debts linked to Hong Kong actor Jacky Heung settled, legal matter terminated

MGM China says gambling debts linked to Hong Kong actor Jacky Heung settled, legal matter terminated

Wed 16 Jul 2025 at 05:30
SunTrust becomes listed tourism business as Suncity releases first renderings of Manila hotel and casino project

LET Group turns full focus to Manila casino development but admits uncertainty over ability to fund project completion

Fri 11 Jul 2025 at 06:17
PhilWeb falls to US$10.5 million loss in FY24 on asset impairments

Century Entertainment signs joint venture agreement to develop gaming system platforms for Asia-Pacific markets

Thu 10 Jul 2025 at 06:22
Load More
Tags: Amax International Holdingsconvertible bondsHong KongNg Man Sun
Share6Share
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

How IT professional from Chennai became a MobCash agent in four months 

How IT professional from Chennai became a MobCash agent in four months 

by Newsdesk
Thu 24 Jul 2025 at 10:42

CLIENT PROMOTION A few months ago, Anwar, a 26-year-old IT professional from Chennai, believed that the path to his own business would require years of investment, complex planning and risk. Everything changed in March 2025 when he registered as a...

Korea’s INSPIRE launches industry-first KakaoMap indoor map service to simplify property navigation

Korea’s INSPIRE launches industry-first KakaoMap indoor map service to simplify property navigation

by Newsdesk
Thu 24 Jul 2025 at 10:35

Korea’s INSPIRE Entertainment Resort has launched a new indoor map service, designed to enhance the guest experience by providing a detailed floor plan and facility guide. A collaboration with Kakao, the KakaoMap application marks the first indoor map service introduced...

A New Macau

Sands China to adopt more aggressive approach to customer reinvestment in Macau due to recent underperformance, targets US$2.7 billion annual EBITDA

by Ben Blaschke
Thu 24 Jul 2025 at 06:16

Sands China says it will adopt a significantly more aggressive approach to customer reinvestment in Macau after admitting it has underperformed in the market in recent quarters. Despite seeing positive signs from the recent completion of The Londoner Macao’s multi-billion-dollar...

Dr Wilfred Wong

The Londoner Macao shows benefits of multi-billion-dollar revamp as 2Q25 performance pushes Sands China revenues to US$1.79 billion

by Ben Blaschke
Thu 24 Jul 2025 at 05:17

Sands China saw its net revenues grow by 2.5% year-on-year and 5.3% sequentially to US$1.79 billion in the three months to 30 June 2025, buoyed by significant growth at its recently renovated The Londoner Macao, according to information released by...

Your browser does not support the video tag.


IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English
  • 日本語