Asia Entertainment & Resources Ltd. receives approval to list on NASDAQ

Asia Entertainment & Resources Ltd. (AERL), which operates as a VIP room gaming promoter through its subsidiaries and related promoter companies, announced yesterday that it received approval to list its ordinary shares and warrants on the NASDAQ Global Market. The securities are expected to commence trading on the NASDAQ today, under the symbols ‘AERL’ (shares) and ‘AERLW’ (warrants). AERL Chairman Lam commented, "We believe that trading on the NASDAQ is an important milestone for the company that will lead to increased liquidity, an expansion of our shareholder base, and increased shareholder value." The company currently participates in the promotion of two major luxury VIP gaming facilities in Macau: one in MGM Grand Macau and the other in StarWorld.