Taiwan has been fighting a difficult battle in trying to get casinos in the outlying islands of Penghu. These islands are a mere 141 km² long and consist of 90 small islands within this one area. Recently there has been a debate on whether or not casinos would be allowed in this small area as an offering for Taiwan.
Many locals were uneasy about putting in a casino is close to home and did not want these islands occupied for offshore betting for other online casinos. Since the time that vote, to gambling related companies Astro Corporation Firich Enterprises Co. have been fighting to bring their stocks up. These gambling related companies were preying on the positive vote to allow casinos and these islands. Since the vote went against them, they will need a new idea to create casinos in Taiwan.
Out of the residence that voted, 56% of them voted down the idea of putting casinos in the islands. The most beneficial by September 26 of this year and could possibly buy the residence time before the issue resurfaces. The next opportunity for the casino companies to repeal this referendum would not be until 2012.
Other companies are planning to utilize this land for casinos are also at a loss as AMZ Holdings Plc owns 11 hectares of land that was set aside for the specific purpose of adding casinos. The land was already purchased and just ready for licensing when the vote occurred.
Taiwan has approved the use of casinos in its outlying islands pending the approval of the residents that live there. Three of the islands Kinmen, Matsu and Penghu were the ones awaiting approval. Since the residents have voted, they have been denied the casinos in those islands. As casino gambling continues to grow throughout the world, these companies will have to wait for the perfect time to expand into Taiwan.
