Asia Entertainment & Resources Ltd. Announces Move of VIP Room at Venetian Macao-Resort-Hotel to Sands Cotai Central
by Business Wire
Asia Entertainment & Resources Ltd. (“AERL”) (NASDAQ: AERL), which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, today announced that it has moved its VIP room formerly at the Venetian Macao-Resort-Hotel to a new room at the Sands Cotai Central. The new VIP room has three tables plus a private room for a total of four tables.
“We appreciate working with the Venetian Macao-Resort-Hotel over the last couple of years and we are very excited about continuing our relationship with Sands China at their Sands Cotai Central casino,” said AERL Chairman Lam. “The new VIP room should enhance our ability to better serve our existing customers, and ultimately providing our shareholders with long-term value.”
About Asia Entertainment & Resources Ltd.
AERL is a holding company which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, and is entitled to receive all of the profits of the VIP gaming promoters from VIP gaming rooms. AERL's VIP room gaming promoters currently participate in the promotion of four major luxury VIP gaming facilities in Macau, China, the largest gaming market in the world. One VIP gaming room is located at the top-tier 5-star hotel, the Star World Hotel & Casino in downtown Macau, and another is located in the luxury 5-star hotel, the Galaxy Macau™ Resort in Cotai, each of which is operated by Galaxy Casino, S.A. Additional VIP gaming rooms are located at the Sands Cotai Central and City of Dreams Macau, both in Cotai.
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.