The company sees attractive potential in the gaming market in Sihanoukville<\/strong><\/em><\/a> and would like to commence its business operation in the casino as soon as possible.\u201d<\/p>\n\n\n\nSimilarly, in October last year, Amax International promptly provided its \u201ctechnical and pre-opening services\u201d regarding the casino project in Sihanoukville. The Cambodian province of Sihanoukville has been attracting much Chinese capital for creation of hotel complexes; likely, with some of them to be turned into casino resorts.<\/p>\n","protected":false},"excerpt":{"rendered":"
Amax reaches an agreement with Lion King Entertainment to manage four gaming tables located at the Sunshine Bay Hotel and Casino in Cambodia.<\/p>\n","protected":false},"author":133,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Hong Kong-listed Amax International Holdings Limited has entered into an agreement with Lion King Entertainment, controlled by its chairman Ng Man Sun, to manage four gaming tables at the Sunshine Bay Hotel and Casino in Sihanoukville, Cambodia. The deal involves a monthly lease fee and a \u20ac13.8 million assignment for five years of gaming table business rights, settled partly by disposing of Amax's Vanuatu interactive gaming license shares. This strategic move aims to capitalize on Sihanoukville's growing gaming market, despite potential governance implications due to the related-party transaction.","focusai_entities":"Amax International Holdings Limited, Lion King Entertainment, Ng Man Sun, Sunshine Bay Hotel and Casino","focusai_location":"Cambodia, Sihanoukville, Vanuatu, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Governance of Related-Party Deal?","query":"What specific corporate governance frameworks and independent oversight mechanisms were applied to mitigate potential conflicts of interest in this related-party transaction between Amax International and Lion King Entertainment?"},{"label":"Valuation of Vanuatu License?","query":"How was the valuation of the Vanuatu interactive gaming license determined for its disposal as part of the consideration, and what impact does this asset divestment have on Amax's long-term strategic positioning?"}],"footnotes":""},"categories":[160,28,16333],"tags":[30,29,512],"class_list":["post-529","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-south-east-asia-news","tag-cambodia","tag-casino","tag-gaming"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/133"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=529"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/529\/revisions"}],"predecessor-version":[{"id":20979,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/529\/revisions\/20979"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}