Asia Entertainment & Resources Ltd. (NASDAQ:AERL), which operates through its subsidiaries and related promoter companies as VIP room gaming promoters, announced unaudited financial results for the three and nine months ended September 30, 2011. All currency amounts are stated in United States dollars.

AERL Chairman Lam stated, “We had an excellent third quarter performance led by continued organic growth and the addition of VIP rooms at the Venetian Macao-Resort-Hotel and Galaxy Resort Macau. For the third quarter, AERL generated 161% year-over-year revenue growth, easily exceeding the overall growth in Macau of 48% according to the Macau Gaming Inspection and Coordination Bureau (DICJ), while our Non-GAAP income, before amortization of intangible assets and change in fair value of contingent consideration, increased 200% from the prior-year period. We expect continued strong growth and we continue to look for opportunities to increase the number of our VIP rooms. In addition, the third quarter saw us pay the first installment of our regular dividend, fulfilling our promise of providing a return on investment to our shareholders.”

Chairman Lam further stated, “Due to the successful additions of the VIP gaming room at the Venetian Macao-Resort-Hotel and our latest VIP gaming room at the Galaxy Resort Macau, we continue to forecast high double-digit growth in Rolling Chip Turnover for 2011. From October until the end of the year, we are raising our Rolling Chip Turnover guidance for our three existing VIP rooms in Macau to an average of $1.8 billion per month (from previous guidance of an average of $1.7 billion per month).”

“With our continued strong performance carrying into the fourth quarter, we now expect to be at the high end of our Non-GAAP income guidance of $70 million to $77 million for 2011, based on the current and expected performance of our existing three VIP gaming rooms in Macau,” concluded Chairman Lam.

AERL, formerly known as CS China Acquisition Corp., acquired Asia Gaming & Resort Limited (“AGRL”) on February 2, 2010. AERL is a 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 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. Another VIP gaming room is located in the all new Galaxy Resort Macau in Cotai, which is operated by Galaxy Casino, S.A. The third VIP gaming room is located at the Venetian Macao-Resort-Hotel in Cotai.

More about AERL at www.aerlf.com

Read full article at: http://pennyomega.com/18395/stock-alerts/aerl-afl-cmp-cpx-mjgcf-notable-stock-by-pennyomegacom/

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

********************************



Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOmega.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyOmega.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://pennyomega.com/disclaimer). Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a media-advertisement and newswire company. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.