The company that has been planning a world-class casino resort on Taiwan’s Penghu Islands since 1998, AMZ Holdings PLC, has spent time and money to bring about casino legislation in the country. At last the government has initiated iTaiwan 12 Development Projects and the Penghu county government is seeking over US$900 million in private investment to develop large casino complexes at two locations.

Over eight years the development projects will require a total investment of around US$122 billion, with the government providing funding of US$8 billion. The Penghu casino resort project will be the largest programme in iTaiwan 12 Development Projects. However, a Penghu casino is not quite a done deal as Parliament must revise the Offshore Islands Development Act and a countrywide referendum must approve casino gambling on Penghu.

According to Penghu officials, planning for an international vacation village will begin this year. The envisaged 120 hectare zone will have a 2000-room tourist hotel, duty free shopping mall, international convention centre, golf course and casinos. Investment from the private sector is anticipated to be in place by February 2010 with construction beginning in 2011. The areas of Houliao Bay and Huhsi Port are expected to be candidates for the resort plan. (E-01.05.09)

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