Casino for Taiwanese island

Leisure Report, Sept, 2007

Navegante Group, owned by Larry Woolf, the former chief executive of the MGM Grand hotel in Las Vegas, has agreed to operate a 350m [pounds sterling] casino resort and hotel off the Taiwan coast. The development in the Penghu Islands, which will include a luxury hotel and entertainment complex, is being planned by Amazing Holdings, an Aim-listed company.

The resort is set to be developed as part of a government strategy to create a tourism industry in Taiwan, which will include legalising gambling in a limited form. The site would be the first to win a gambling licence from the Taiwanese government.

COPYRIGHT 2007 William Reed Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
 

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