A-Max deal could transform VIP gambling in Macau
The $385 million placement will almost triple the casino operator's outstanding market cap as the company enters the junket business.
Casino operator A-max Holdings yesterday kicked off the roadshow for a placement of up to HK$3 billion $385 million worth of new shares that has the potential of transforming the entire business model for the VIP segment of the Macau gaming sector.
The money raised by A-Max will be lent to a company called Ace High which, in turn, will provide it to junket operator AMA, which will use it to provide daily liquidity to nine collaborators that...
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