Small Talk: AMZ quick to place its bets on Taiwan casino development
All bets are on in Taiwan, apparently. The island’s authorities passed legislation on 12 January, which for the first time allowed for casinos to be opened. Before the ink was dry, the Alternative Investment Market-listed AMZ Holdings, which already owns 27 acres of land in the Penghu Islands region of Taiwan, announced plans to build the country’s first Macau-style hotel and casino complex.
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Interesting gambling facts:
- 2000: MGM Grand Inc. stages the gaming industry's largest corporate buyout with its $6 million purchase of Mirage Resorts Inc.
2005: Las Vegas celebrates one illustrious century on May 15. - By the 18th and 19th centuries a dice game called Hazard had become popular in England and was played by the aristocracy in private gambling houses.
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
- Up to the 1960s, Nevada was plagued by teamster financing, hidden ownership, employment of individuals of questionable character and background, and the clear links to organized crime.
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