AMZ Amz Holdings

    RNS Number : 4403K
  AMZ Holdings plc
  19 December 2008
   

    19th December 2008


    AMZ Holdings Plc ('AMZ' or 'the Company')

    Statement re gaming development in the Philippines

    AMZ Holdings plc, the AIM listed hotel and leisure company seeking to build Taiwan's first world class hotel and casino resort,
announces that following a period of due diligence, it will not pursue its' previously announced plans to develop a resort in the city of
Puerto Princesa, Philippines with the Palawan Development Group at this time.

    Michael Treanor, CEO of AMZ said:

     "We continue to seek investment opportunities in other emerging gaming markets in addition to our site in Taiwan, but always subject to
viability and thorough due diligence processes. 

    "We are very encouraged by the recent progress and the positive outlook of the legislative bill in Taiwan, which now seems to have found
the political support to be finally completed.  We have our land secured and rights to build an international resort on our site in the
Penghu Islands, and look forward to more positive developments regarding the legislative bill."


    - Ends -


    For further information please contact:

 Jonathon Brill/Caroline Stewart,  Financial PR       Tel: +44(0) 207 831 3113
 Financial Dynamics
  
 Stuart Andrews/                   Nominated Adviser  Tel: +44(0) 20 7071 4300
 Chris Clarke
 Evolution Securities Ltd

    Website: www.amzholdings.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCBRBDDDDBGGII

Amazing (LSE:AMZ)
Historical Stock Chart
From May 2024 to Jun 2024

Amazing (LSE:AMZ)
Historical Stock Chart
From Jun 2023 to Jun 2024