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Former MGM head hired for Taiwan project

31 July 2007

SCOTLAND, United Kingdom -- As reported by the Scotsman: "The former chief executive of the MGM Grand hotel in Las Vegas - the largest betting complex in the world - has been hired to run a £350m casino resort off the Taiwan coast being developed by three Scottish businessmen.

"Amazing Holdings, quoted on Aim, is chaired by accountant and former Noble Grossart investment banker David Mathewson, who is planning the development on a 27-acre beachfront plot in the Penghu islands.

"It will include a top-of-the-range hotel and entertainment complex that would attract high-rolling gambling tourists from Taiwan and mainland China - while also luring punters from Asia's current casino mecca, Macau.

"Under the terms of the deal Navegante Group, owned by the Las Vegas gambling guru Larry Woolf, will run and operate the casino..."

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