Why why why? Casino merges with Carmaker?

I really don't understand the logic behind this...?!

 

North American Gaming & Entertainment Corp - NAGM: Merger Agreement w/Xi'an Jin Chi An Automobile Development Co. in China KNOBIA0020060928e29s000ji 347 Words 28 September 2006 12:28 GMT Knobias knobia English (c) 2006 Market News Publishing, Inc. All Rights Reserved

By Fain Hughes, fhughes@knobias.com North American Gaming and Entertainment Corporation (NAGM) announced that it has signed a definitive agreement with Xi'an Jin Chi An Automobile Development Co. Ltd., a P.R.China Corporation and its subsidiary XI'AN JIN YUAN QI CHE CHAN YE FA ZHAN GU FEN YOU XIAN GONG SI ("XJAI"), with its principal place of business in Xi'an City, Shaanxi Province, China. Under the agreement, JINYUAN will merge with a subsidiary of NAGM and the shareholders of JINYUAN will be issued convertible preferred stock that will be converted into new common stock of NAGM representing approximately 93% of shares outstanding. NAGM has been seeking an operating company for a merger partner since the sale of its video gaming operations in 2001.