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Asia Entertainment & Resources Ltd. Announces Expansion of Its VIP Room at Star World Macau

2010-03-16 14:56
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HONG KONG--(BUSINESS WIRE)--Asia Entertainment & Resources Ltd. (“AERL”) (OTCBB: AERCF, AERLF), which operates through its subsidiaries as a VIP room gaming promoter, today announced that it has recently expanded its VIP room from 6 tables to 11 tables at the Star World Hotel & Casino, a luxury 5-star hotel in downtown Macau. The Star World Hotel & Casino is operated by Galaxy Casino, S.A. The expansion adds 4 tables to the main room, as well as one table in a private room. AERL Chairman Lam commented, “This expansion will help us to better service our agents and the VIP patrons allowing us to continue to grow our business." The 11 VIP tables at the Star World are in addition to the 11 total tables at the MGM Grand Macau Casino in downtown Macau which is operated by the MGM Grand Paradise S.A.

About Asia Entertainment & Resources Ltd.

AERL, formerly known as CS China Acquisition Corp. (“CS China”), acquired Asia Gaming & Resort Limited (“AGRL”) on February 2, 2010. The principal business activities of its wholly owned subsidiaries are to hold Profit Agreements with VIP Room gaming promoter companies ("Promoters") and to receive 100% of the profit streams from the Promoters. The Promoters currently participate in the promotion of two major luxury VIP gaming facilities ("VIP rooms") in Macau, China, the largest gaming market in the world. One of the Macau VIP rooms is located at the top-tier MGM Grand Macau Casino in downtown Macau and is operated by the MGM Grand Paradise S.A. Another Macau VIP gaming facility is operated by Galaxy Casino, S.A. and is located in the luxury 5-star hotel, the Star World Hotel & Casino in downtown Macau. In addition, the Promoters plan to promote the first luxury VIP room in Jeju Island in South Korea, which will offer Macau-style gaming, and have concluded a favorable trial operation there.

Forward-Looking Statements

This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of AERL's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements.

 

Contacts

For Asia Entertainment & Resources Ltd.
James Preissler, 646-450-8808
preissj@gmail.com