News blog
AMZ Holdings
- BY: Andrew Hore |
- POSTED: 29/03/2009 |
Taiwan has indicated that it will issue two casino licences for its offshore islands which would be good news for AMZ Holdings.
AMZ has land on Penghu Island, which is holding a referendum to gain local approval for its plans to develop a gaming resort. AMZ already has a resort building licence.
Any developer will have to build a hotel with at least 1,000 rooms.
AMZ is the largest and only private landholder on Penghu. AMZ will not finance the development or operate a casino itself. It expects to make its money by selling on the land. That depends on Penghu getting a gambling licence.
At 136p a share, AMZ is valued at £21.9m.
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