A-Max secures funds for Macau gaming move

The downsized $257 million placement is sold at the floor price of HK$0.13.

Casino operator A-Max Holdings has completed the HK$2 billion $257 million fund raising exercise that will mark the starting point for its move into the VIP segment of MacauÆs fast-growing gaming sector.

The extended deal is of huge significance for A-Max as it will transform the former manufacturer of liquid crystal displays from being a largely passive investor in the Greek Mythology casino into the single largest junket operator in Macau with a 46% share of the VIP market....

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