It looks like there's competition in Asia to become the new Vegas - with Macau, Singapore - and now potentially Taiwan joining the fray.

Three businessmen have got together to raise capital in an initial plan to build a $350 million resort just of the Taiwanese coast. They've got together as "Amazing Holdings" and secured the rights to 27 acres of land in the Penghu Islands

With Macau currently holding first place in Asia's attempt to retain gambling revenues in the region and Singapore vying for its place as a new gambling mecca, this project is looking to attract the more upscale gambler - than the regulars that frequent the current big resorts available

Irvin said: "Las Vegas for the Chinese at the moment is Macau, but that's not aimed at high-rollers.

"If you go to Vegas, you'll find that the more refined establishments, with the more discerning clientele, are on the outskirts of the city, away from the strip.

"It's the atmosphere, and the clientele, of those out-of-town resorts that we are looking to emulate."

There's only one Major stumbling block right now. Currently, gambling is illegal in Taiwan - and whilst there are suggestions that the government maybe looking at legalising gambling next year - there's no guarantee that will happen

Article: �350m gamble on Taiwan's Vegas