AMZ Holdings, the Isle of Man development and management company and owner of the largest private land plot in Penghu, Taiwan -- an offshore island where gambling was recently legalized -- has positioned itself to offer a gaming operator an edge on the market, according to a research note from Evolution Securities.
According to the note, AMZ spent eight years and £6.5 million on acquiring land -- including 26.6 acres of beachfront property -- on the island, and any gaming company looking to enter the Taiwanese market “must either deal with AMZ, or spend a similar (or longer) amount of time acquiring its own land.”
Although AMZ has a good handle on the market, Evolution Securities cautioned that there is no guarantee a gambling license will be granted to operate a resort casino on the property. Its estimated value of AMZ’s land as a development site is £32 million.