Amax Reiterates Commitment to Crown Macau.HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. -- Amax Entertainment Holdings Limited (HKSE HKSE Hong Kong Stock Exchange : 0959) ("Amax" or "the Company") announced that its partnership with Crown Macau Crown Macau is a self-proclaimed 6-star casino hotel built and operated by Melco PBL Entertainment, a joint venture by Hong Kong based Melco International Development Limited and Australian based Publishing and Broadcasting Limited. to deliver VIP rolling chip volume (as defined below) through its indirect effective 80% interest in AMA (Automatic Message Accounting) The recording and reporting of telephone calls within a telephone system. It includes the calling and called parties and start and stop times of the call. International Limited ("AMA") remains solid. Mr. Ted This article is about the actor. For the animated series, see Mister T (TV series). For other uses, see Mr. T (disambiguation). Mr. T (legally changed his name from Laurence Tureaud), (born on May 21 1952), is an iconic actor known for his roles as Sgt. "B. A. Chan, Chief Executive Officer of Amax, commented, "We deny the rumors that AMA is leaving Crown Macau." Definition of Rolling Chip Volume VIP Rolling Chip Turnover is used by casinos to measure the volume of VIP business transacted and represents the aggregate amount of bets players make. Bets are wagered with "non-negotiable chips" and winning bets are paid out by casinos in so-called "cash" chips. "Non-negotiable chips" are specifically designed for VIP players to allow casinos to calculate the commission payable to junket operators. Junket commissions are paid based on the total amount of "non-negotiable chips" purchased by each player. Junkets therefore require the players to "roll," from time to time, their "cash chips" into "non-negotiable" chips for further betting so that they may receive their commissions (hence the term "Rolling Chip Turnover"). Through the junket operators, "non-negotiable chips" can be converted back into cash at any time. Betting using rolling chips, as opposed to using cash chips, is also used by the DICJ DICJ Deposit Insurance Corporation of Japan (Macau Gaming Control Board Gaming Control Board or "GCB" is a governmental body or agency charged with regulating casino and other types of gaming in a defined geographical area, usually a state, and of enforcing gaming law in general. ) to distinguish between VIP table revenue and mass market table revenue. About Amax Entertainment Holdings Limited (HKSE: 0959) Listed on the Main Board of the Hong Kong Stock Exchange The Hong Kong Stock Exchange (Traditional Chinese: 香港交易所, also 港交所; abbreviated as HKEX; HKSE: 0388 ) is the stock exchange of Hong Kong. , Amax Entertainment Holdings Limited ("Amax) is principally engaged in gaming and entertainment business in Macau. Amax conducts its casino operation in Macau via its 49.9%-owned Greek Methodology Macau Entertainment Group Corporation Limited and late in 2007 entered into gaming promotion business in Macau via AMA International Limited ("AMA") in which it has an indirect 80% interest. The gaming promotion operation is expected to emerge as the Company's primary source of earnings. About AMA International Limited ("AMA") AMA is a gaming intermediary aggregating the junket business of junket operators (the "collaborators") and refers such business to casinos. AMA receives commissions from these casinos based on VIP rolling chip turnover. It in turn pays a commission rate ranging between 0.90% and 1.21% to its collaborators. |
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