Asia Entertainment & Resources Ltd. Adds Private Room at Star World Hotel & Casino
Date : 01/26/2011 @ 8:30AM
Source : Business Wire
Stock : Asia Entertainment & Resources Ltd. (AERL)
Quote : 10.76 0.0 (0.00%) @ 7:22AM
Asia Entertainment & Resources Ltd. Adds Private Room at Star World Hotel & Casino
Asia Entertainment & Resources Ltd (MM) (NASDAQ:AERL)
Intraday Stock Chart
Today : Wednesday 26 January 2011
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 would be adding a private room to its VIP facility at the Star World Hotel & Casino in downtown Macau to handle the increasingly high demand of private rooms there, bringing the total number of tables at the facility to 12.
Concurrently, to better meet the ongoing level of business at the VIP facility at the MGM Grand Macau Casino, AERL also announced that it will be moving this operation to a smaller room, lowering the number of tables there from eleven to six. This will create a warmer atmosphere for the players without affecting the current level of gaming volume and rolling chip turnover in this room. As volumes rise, AERL will have the ability to increase the size of its facility at its choice with one week’s notice.
“We are pleased to be expanding our presence at the Star World Hotel & Casino, which is indicative of the successful VIP facility we have already built at the hotel as well as an additional opportunity to increase our long-term value for our shareholders,” said AERL Chairman Lam.
