January 7, 2010 (FinancialWire) — Asia Properties, Inc. (OTC: ASPZ) has disclosed record revenues for its Sing Hou VIP Club in December.

Portuguese news agency Lusa reported the industry’s revenue in Macau, the world’s biggest gambling destination, jumped 48% in December and for the year, revenues of 14.9 billion.

API announced on November 17th that it signed a Memorandum of Understanding “MOU” to acquire 50.10% interest of a Macau casino VIP club from Peak Winner Holdings Ltd. (Peak Winner). Peak Winner has a profit share interest in Sing Hou VIP Club (Sing Hou) located in the StarWorld Hotel (directly across the street from the Wynn Casino) under a VIP Promoter sub-license from Galaxy Entertainment Group.

Asia Properties, Inc. was established to develop resorts and prime real estate in Southeast Asia.

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