Asian gaming investor Amax International Holdings Ltd is planning a change of company name in order to better reflect its evolving business interests.
In a Monday announcement, Amax said it will seek shareholder approval to rename itself Century Entertainment International Holdings Limited, stating that, “The Board considers the proposed new English and Chinese names of the Company will refresh the corporate image and identity of the Company and will more appropriately describe the vision of the Group.”
It seems likely that Amax is seeking a fresh start after writing off its 24.8% stake in shuttered Macau casino Greek Mythology, valued at more than HK$353 million (US$45 million), in February, finally ending an exhaustive and fruitless three-year battle to access financial records from the casino’s former management firm.
Since Greek Mythology closed its doors in late 2015, Amax has expanded its gaming interests overseas, including Vanuatu where it runs an online gaming operation and Cambodia where it operates 13 VIP baccarat tables at a casino in Poipet and is providing pre-opening services for a new casino project in Sihanoukville.
The company has also invested in a blockchain technology arm to investigate investment and development opportunities in blockchain and cryptocurrency.