HONG KONG--(BUSINESS WIRE)--Asia Entertainment & Resources Ltd. (“AERL”) (NASDAQ: AERL), which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, today announced that it has received an invitation to open a VIP room with up to 12 tables at the brand-new Galaxy Macau Hotel & Casino on Cotai. The invitation will be seriously considered by management, is subject to the approval of the Board of Directors as well as the Macau government, and if such approval is obtained, the room would become operational upon the opening of the resort anticipated in the second quarter of 2011.

“Building on the success we have had with our VIP room at the Star World Hotel & Casino, we are honored to have the opportunity to open a VIP room at the new Galaxy Macau,” said AERL Chairman Lam. “Further, we are very pleased to be given the opportunity to expand our relationship with Galaxy Casino, S.A., and look forward to both companies continuing to prosper over the long-term.”

About Asia Entertainment & Resources Ltd.

AERL, formerly known as CS China Acquisition Corp., acquired Asia Gaming & Resort Limited (“AGRL”) on February 2, 2010. AERL is an investment holding company which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, 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 three 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 MGM Grand Macau Casino in downtown Macau that is operated by the MGM Grand Paradise S.A. Another Macau VIP gaming facility is located in the luxury 5-star hotel, the Star World Hotel & Casino in downtown Macau, which is operated by Galaxy Casino, S.A. The other VIP gaming room is located at the Venetian Macao-Resort-Hotel on the Cotai Strip.

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.

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