AMZ Amz Holdings

    RNS Number : 4645L
  AMZ Holdings plc
  12 January 2009
   

    12th January 2009


    AMZ Holdings plc ('AMZ' or 'the Company')

    Taiwan Legislature Approves Gaming Bill

    AMZ Holdings plc is delighted to announce that the Legislative Yuan in Taiwan has passed legislation that legalizes gaming in Taiwan.
The bill legalizes gaming through an amendment to the Offshore Islands Act, and the recent Council for Economic Planning and Development
recommendations effectively earmark casino resort developments for  Penghu. The bill requires the signature of the President, who has been
outspoken in favour of the legislation.  

    The Company has spent a considerable period of time assembling land in Penghu, and the Directors believe that it is the largest private
owner of property on the island. The Company's landholdings exceed the initial indications for the minimum land requirement required for the
successful application of a gaming license, and the Company's property is fully approved for the commencement of development of a resort.

    The Company believes that this development significantly increases the value of its landholdings.

    Michael Treanor, CEO of AMZ said:

     "We are very excited about the prospect of casino/resort development on Penghu.  Taiwan is one of the most attractive markets for
gaming in South East Asia and a key location for any gaming resort operator. In addition, this is a great day for Taiwan and Penghu in that
it will provide a strong catalyst for economic growth, will facilitate the development of Penghu as a prime tourist destination, and will
help attract foreign investment to Taiwan."


    - Ends -


    For further information please contact:

 Jonathon Brill/Caroline Stewart,  Financial PR       Tel: +44(0) 207 831 3113
 Financial Dynamics

 Stuart Andrews/                   Nominated Adviser  Tel: +44(0) 20 7071 4300
 Chris Clarke
 Evolution Securities Ltd

    Website: www.amzholdings.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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