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Asia Entertainment & Resources Message Board

  • shamrock562 shamrock562 Apr 18, 2011 8:30 AM Flag

    VIP room to open 5/15

    AERL will be opening the Galaxy VIP room May 15th. This will add 10-15m to net income this year. Raised guidance coming soon probably when earnings come out in a few weeks.

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    • Hate to say it but with the failure of this PR to get the stock going there isn't any reason to be optimistic that raised guidance (implied by the announcement) or anything else is going to get the stock moving. Because this puts $2 in EPS (based on the weighted-fully diluted count for 2011) in the conversation again, and the stock was already grossly under valued.

      It's in the penalty box because it is associated (wrongly) with companies that have the potential to be blown up. I really don't know what they can do to change that. Maybe coverage by a tier one firm is the only thing that can.


      Press Release Source: Asia Entertainment & Resources Ltd. On Monday April 18, 2011, 8:00 am EDT

      HONG KONG--(BUSINESS WIRE)-- Asia Entertainment & Resources Ltd. (“AERL”) (NASDAQ:AERL - News), which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, today announced that the Board of Directors has accepted the invitation to open a VIP room with up to 12 tables at the brand-new Galaxy Macau™ Resort in Cotai through its related promoter company. Pending regulatory approval, the company expects to open the VIP room on May 15, 2011 – the same day as the grand opening of the resort.

      “We are pleased to announce the acceptance of Galaxy’s invitation to open a VIP room at the new Galaxy Macau™ Resort, which should be an immaculate new facility upon its opening next month,” said AERL Chairman Lam. “Further, we are excited to expand upon the success of our VIP room at Galaxy’s Star World Hotel & Casino and our overall relationship with Galaxy Casino, S.A.”