AMZ Holdings Has 'Key' to Taiwan's Market

23 January 2009

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.