AMZ Amz Holdings

 

TIDMAMZ 
 
RNS Number : 5140X 
AMZ Holdings plc 
17 August 2009 
 

17th August 2009 
 
 
 
 
AMZ Holdings plc ('AMZ' or 'the Company') 
 
 
Taiwan announces Penghu Gaming Referendum date 
 
 
AMZ Holdings plc is pleased to announce that the Penghu election commission has 
set the 26th September 2009 as the date island residents will go to the polls 
for a referendum to determine whether they are in favour of casino resorts on 
the island. 
 
 
Taiwan passed legislation earlier this year legalizing gaming for the offshore 
islands alone, subject to a local referendum. Previous referendums and polls on 
Penghu, widely considered to be the likely gaming resort destination for Taiwan, 
were all in favour of gaming. 
 
 
The Company has already obtained all of the necessary building planning 
approvals and resort zoning required for its beachfront property, and will seek 
a strategic partner to participate in the forthcoming licensing process. 
 
 
Earlier this week, the Taiwan Central Government Tourism Bureau released a 
tender document seeking international consultants to assist in planning the 
facilities and investments required at the gaming resorts. The consultant will 
also help in drafting the supporting regulations and guidelines to assess the 
suitability of resort operators in the forthcoming application process expected 
next year. A favourable referendum result will then enable Central Government to 
issue gaming licences for Penghu, following the development of the regulatory 
and application framework. 
 
 
The Company believes that these developments significantly increase the value of 
its landholding and enhance future prospects, as a successful referendum will 
specifically establish Penghu as the gaming destination, creating property 
demand from gaming and resort operators and other supporting industries. 
 
 
Michael Treanor, CEO of AMZ said: 
 
 
 "Both the referendum and tender announcements are clear indications that Taiwan 
is the new emerging gaming jurisdiction in Asia. With rapidly increasing Chinese 
tourism and a strong untapped local market, Penghu could emerge as the Hawaii or 
Bahamas- styled resort destination of the region, offering a different visitor 
experience to the urban Macau or Singapore operations." 
 
 
- 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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