AMZ Amz Holdings

 

TIDMAMZ 
 
RNS Number : 4938P 
AMZ Holdings plc 
26 March 2009 
 

26th March 2009 
 
 
AMZ Holdings plc ('AMZ' or 'the Company') 
 
 
Taiwan announces two casino licences for offshore islands 
 
 
AMZ Holdings plc is pleased to advise that the Executive Yuan of Taiwan has 
announced that it will be issuing no more than two licences for casinos 
established on the offshore islands, following a local referendum. Penghu is 
currently in the final stages of preparation for its referendum, and has 
previously announced that it will be seeking to establish gaming Integrated 
Resorts on the island. 
 
 
Developers who secure a licence would be required to build a hotel with a 
minimum of 1,000 rooms. Further qualifying parameters will be determined by an 
international consulting company, reporting to the Ministry of Transportation 
and Communication (MOTC), who have been appointed to oversee the administration 
of Integrated Resorts on the offshore islands. 
 
 
The Company has spent a considerable period of time assembling land in Penghu, 
and now has a resort building licence awarded to the site, which will facilitate 
and accelerate the final construction submissions to comply with any new resort 
guidelines and a successful casino licence application. 
 
 
The Company and its advisors, Merrill Lynch, believe that these developments 
continue to support the value of its landholdings and keep a number of strategic 
options open to the Company. 
 
 
Michael Treanor, CEO of AMZ said: 
 
 
 "We are encouraged that Taiwan has taken another step to clearly define the 
parameters and adopt a transparent regulatory framework for their Integrated 
Resort Industry. We anticipate that the Penghu economy will ultimately benefit 
given its infrastructural advantage, and their efforts to now attract top 
international operators and supporting tourism development bodes well for the 
Company with its substantial private landholding." 
 
 
 - Ends - 
 
 
 
 
For further information please contact: 
 
 
+--------------------------------+------------------+-------------------------+ 
| Jonathon Brill/Caroline        | Financial PR     | Tel: +44(0) 207 831     | 
| Stewart,                       |                  | 3113                    | 
| Financial Dynamics             |                  |                         | 
|                                |                  |                         | 
+--------------------------------+------------------+-------------------------+ 
| Stuart Andrews/                | Nominated        | Tel: +44(0) 20 7071     | 
| Chris Clarke                   | Adviser          | 4300                    | 
| Evolution Securities Ltd       |                  |                         | 
+--------------------------------+------------------+-------------------------+ 
 
 
Website: www.amzholdings.com 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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