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Taiwan Casino Plans Revealed

28 November 2005

TAIWAN – As reported by the Scotsman: "Three Scots businessmen and a Las Vegas gambling guru have revealed plans to build a £350m casino resort in a tropical paradise off the Taiwanese coast.

"Former Magnum Power finance director Ian Irvin and Taiwan-based expat Tim Potter are behind Amazing Holdings, which has secured rights on a 27-acre plot of beachfront land in the Penghu islands.

"The company intends to construct an upmarket 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.

"Irvin and Potter have brought fellow Scotsman David Mathewson, chairman of TV betting firm Sportech, on to the board as chairman.

"They have also attracted Larry Woolf, a former chief executive of the MGM Grand hotel in Las Vegas - the largest betting complex in the world - to be its chief executive…"

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