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AMZ Holdings: one step closer to Taiwan casino
The Taiwanese national government has announced that it will be issuing no more than two licences for casinos established on the offshore islands, following a local referendum.
The local government of Penghu has already announced that it will be seeking to establish gaming Integrated Resorts on the island, and is currently in the final stages of preparation for its own referendum.
AMZ Holdings owns a large tranche of land on Penghu for which it also holds a resort building licence awarded to the site.
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 its 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."
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), which has been appointed to oversee the administration of Integrated Resorts on Taiwan's offshore islands.
