Share prices for Aladdin Beverage (Pinksheets: ADTJ) skyrocketed 41 percent this morning on the news that its latest import, Macau Beer, has launched into the Las Vegas market.
“Macau and Vegas are a natural fit. With so many Las Vegas casino operations opening up or in the midst of opening up in Macau, it was time,” Ted O’Conner, president of Aladdin, said in the release. “Macau is gathering much attention from the media these days. Vegas gaming giants such as Wynn Resorts and the Sands Corp. already operate in Macau and it certainly doesn’t hurt that Macau has recently surpassed Las Vegas as the number one gaming destination in the world.”
Macau isn’t the only foreign beer that Aladdin has imported to the U.S. market. The company has specialized in bringing South American beers to the U.S. in the past, from Argentina’s Antares brand to Chile’s Kross Golden Ale. But Macau Beer is the company’s first overseas import. According to the company’s Web site, Aladdin’s goal is to be “the top beer importer to North America, with only quality and forward-thinking brands in its portfolio.”
O’Conner said that ongoing gambling legislation in the growing Chinese economy would help give Macau Beer the overseas impact the company needs.
“I just recently read that the Nevada gaming legislators have given MGM Mirage the go-ahead on their planned $1.5 billion MGM Grand Macau hotel and gaming resort in Macau, China,” O’Conner said. “News like this only helps our beer with its branding efforts.”
Share prices for Aladdin jumped from an opening price of 8 cents a share to 12 cents a share by mid-morning.
