As reported by Bloomberg -- "AMZ Holdings Plc, the developer planning to operate Taiwan's first casino, may raise as much as $100 million in the next year to fund Asian expansion amid a global economic slowdown.
"Right now there's a proliferation of gaming in Asia that's extremely attractive to us,' Michael Treanor, chief executive officer of Isle of Man-based AMZ, said in a Bloomberg Television interview today from New York. "Unlike the U.S. which is largely saturated, Asia is seeing an expansion of gaming."
"The global financial crisis has seen gambling stocks fall from Macau to Las Vegas as punters cut spending. The plans to expand in Vietnam and the Philippines pit AMZ, which has online casinos magnate Larry Woolf as a director, against U.S. players Wynn Resorts Ltd. and Las Vegas Sands Corp. that gain more than half their revenue from Asia.
Source: http://www.casinocitytimes.com/news/
Wednesday, October 22, 2008
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