Reuters 28 June 2013
Asia Entertainment & Resources Ltd. has completed the acquisition of a VIP Gaming Room at Le Royal Arc Casino.
Asia Entertainment & Resources Ltd., which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, today announced that it has completed the acquisition of 100% of the profit interest of the VIP gaming room at Level 1 of Le Royal Arc Casino located in NAPE, Downtown Macau. The VIP gaming room has six tables and is operated under the Sociedade de Jogos de Macau S.A.’s concession. With the completion of this acquisition AERL will operate 40 tables in five VIP rooms with four concessionaires in the Macau market.
“The addition of this VIP gaming room will enhance our ability to serve our existing customers, and by combining our operations and network of agents with that of the VIP gaming room at Level 1 of Le Royal Arc Casino, we can further expand our presence in the Macau VIP gaming market,” said AERL Chairman Lam.