Taiwan to allow two casinos
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Taiwan has taken another step in a move to lift a ban on casinos after it was decided that two gambling resorts would be initially licensed, according to a ChannelNews Asia report.
The government will allow offshore islands to build casinos if they are approved by residents in referendums. Developers who win a licence would be required to build a hotel with a minimum of 1,000 rooms, the report said, citing the China Times.
UK-based AMZ Holdings Plc and Taiwan’s Penghu Bay Development Co are reportedly preparing land for casino projects in Penghu, an archipelago located in the Taiwan Strait. Penghu hopes to attract half a million tourist visits each year, generating TW$100 billion a year in gambling and tourism revenue, as well as creating up to 50,000 jobs.
The legalisation of casinos in Taiwan is a controversial issue. Although the government pushed through a controversial bill in January lifting the ban on casinos, opponents fear it could lead to more crime and damage morality. ChannelNews Asia reported that hundreds of activists from religious and environmental groups took to the Taipei streets on Sunday to protest against the plans.
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