Former MGM head hired for Taiwan project

Amazing Holdings, quoted on Aim, is chaired by accountant and former Noble Grossart investment banker David Mathewson, who is planning the development on a 10.9 hectare 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.