Asia Entertainment & Resources Ltd. Announces Record Date and Payment Date
of 2013 Six Month Cash Dividend
HONG KONG -- August 29, 2013
Asia Entertainment & Resources Ltd. (“AERL” or the “Company”) (NASDAQ: AERL),
which operates through its subsidiaries and related promoter companies that
act as VIP room gaming promoters, previously announced that its Board of
Directors had authorized a regular dividend each year after the release of the
Company's financial results for the six months ending June 30 (the “Six Month
Dividend”). The Board of Directors reduced the Six Month Dividend from $0.12
per share to $0.08 per share beginning with the Six Month Dividend payable for
The Company today announced that the record date for the 2013 Six Month
Dividend will be September 9, 2013, and that the payment date will be
September 20, 2013.
About Asia Entertainment & Resources Ltd.
AERL is a holding company which operates through its subsidiaries and related
promoter companies that act as VIP room gaming promoters, and is entitled to
receive all of the profits of the VIP gaming promoters from VIP gaming rooms.
AERL's VIP room gaming promoters currently participate in the promotion of
five major luxury VIP gaming facilities in Macau, China, the largest gaming
market in the world. One VIP gaming room is located at the top-tier 5-star
hotel, the StarWorld Hotel & Casino in downtown Macau, and another is located
in the luxury 5-star hotel, the Galaxy Macau™ Resort in Cotai, each of which
is operated by Galaxy Casino, S.A. Additional VIP gaming rooms are located at
the Sands Cotai Central and City of Dreams Macau, both in Cotai, and Le Royal
Arc Casino, located in NAPE, Downtown Macau.
Forward Looking Statements
This press release includes forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking statements,
based upon the current beliefs and expectations of AERL's management, are
subject to risks and uncertainties, which could cause actual results to differ
from the forward looking statements.
Asia Entertainment & Resources Ltd.
James Preissler, 646-450-8808
William Schmitt, 203-682-8294
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