The target date for Jimmy International Entertainment Group Ltd to sign an agreement to participate in the VIP game promotion business in Macau has been postponed by another six months.
A so-called Variable Interest Group (VIE) contract with Carlos Jose Rock, Macao resident and sole shareholder and sole director of the Macau game promoter New International Club Ltd, is due to be finalized by the end of 2016, Hong Kong-listed company Jimmy Entertainment said in a file on Tuesday.
Jimei International Entertainment is a Hong Kong-listed portion of the business profits of veteran Macau junket investor Jack Lam In Lok.
The Macau Corporation's New International Club is one of the licensed VIP game promoters in Macau, according to published information from the Macau Bureau of Game Inspection and Coordination, also known as DICJ.
A document submitted by Jimmy International Entertainment on Tuesday marks the fifth extension of the deadline for a VIE agreement with the New International Club.
According to the Jimi Group's website, Lam is already involved in junk operations at three Macau casino hotels, including Win Macau, Grand Lisboa and City of Dreams, through a private company called the Jimi Group. The group also operates Jimei Casino next to the Grand Rafa Hotel on the Macau Peninsula under the SJM Holdings game license.
Jimei International has strengthened its presence in Australia by signing a junket deal with Australian-listed The Star Entertainment Group Ltd to promote "at least" six game tables within The Star Casino in Sydney, according to a 2015 annual report by Junket investors.
In February 2015, jimei international signed a similar deal with star entertainment's Australian market rival, Crown Resorts Ltd, to promote about 8-10 gaming tables at the Crown Pers casino in Western Australia.
In May 2015, jimei international entered into a partnership with nagaCorp Ltd to promote more than seven game tables within naga world casino, located in the Cambodian capital phnom Penh. 안전 슬롯사이트
