HongKong-listed junket operator Amax International Holdings Ltd cashed in some HKD1.71 million (US$219,000) from its “interactive gaming” in Vanuatu from July to September 2016 period

Amax reported before the HongKong Stock Exchange that it generated profit from its online business in the Pacific island nation, which began operation in July.

“Between then and September 2016, the business recorded gross revenue of HK$1.71 million,” Amax International announced. “With the number of visitors to Vanuatu on the rise and in view of its supportive demographics, the board is confident in the long-term success of the gaming business… At the same time, while working hard to formulate a strategy to develop the Vanuatu gaming business, the group has also been exploring opportunities to expand its revenue sources by tapping the Asia-Pacific region.”

In October 2014, Amax acquired a 60-percent equity interest in Forenzia Enterprises – a company that operates a gaming business in Vanuatu under an interactive gaming (online gambling) license valid for a period of 15 years from February 2014.