Boom to bust for Cambodia’s Chinese casino town

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phuketrichard
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Boom to bust for Cambodia’s Chinese casino town

Post by phuketrichard »

Boy;
That was quick
Sihanoukville resort is losing its golden luster as Cambodia obliges China’s firm request to shut down lucrative online gaming sites

Historians may trace the decline of online gambling in Asia to a bricks and mortar failure.

The June 22 building site collapse in Sihanoukville that left 28 construction workers dead and 26 more injured brought unwelcome attention to a Chinese investment tsunami in the once placid Cambodian seaside resort.

Online gambling ranks high among seismic forces propelling that massive wave of funds into Cambodia, and it’s one authorities have chosen to confront.
“China has invested billions of dollars in Cambodia. The Chinese government said it would stop investments unless [Cambodian authorities] stop online casinos.”
https://www.asiatimes.com/2019/11/artic ... sino-town/
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Duncan
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Re: Boom to bust for Cambodia’s Chinese casino town

Post by Duncan »

Is it only me that has noticed that as I walk around the city, there quite a few new Chinese shops opening in PP . Perhaps the exodus of Chinese from Chinaville has moved to PP where there are more people and business opportunities.
Cambodia,,,, Don't fall in love with her.
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Re: Boom to bust for Cambodia’s Chinese casino town

Post by AndyKK »

Duncan wrote: Sat Nov 09, 2019 9:09 am Is it only me that has noticed that as I walk around the city, there quite a few new Chinese shops opening in PP . Perhaps the exodus of Chinese from Chinaville has moved to PP where there are more people and business opportunities.
Only! Quite a few new Chinese shops opening in PP .
Always "hope" but never "expect".
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Re: Boom to bust for Cambodia’s Chinese casino town

Post by rogerrabbit »

phuketrichard wrote: Sat Nov 09, 2019 8:57 am Boy;
That was quick
Sihanoukville resort is losing its golden luster as Cambodia obliges China’s firm request to shut down lucrative online gaming sites

Historians may trace the decline of online gambling in Asia to a bricks and mortar failure.

The June 22 building site collapse in Sihanoukville that left 28 construction workers dead and 26 more injured brought unwelcome attention to a Chinese investment tsunami in the once placid Cambodian seaside resort.

Online gambling ranks high among seismic forces propelling that massive wave of funds into Cambodia, and it’s one authorities have chosen to confront.
“China has invested billions of dollars in Cambodia. The Chinese government said it would stop investments unless [Cambodian authorities] stop online casinos.”
https://www.asiatimes.com/2019/11/artic ... sino-town/
This article is again just a copy & paste from the old article as it has all the same "facts" that are based on stuff that are not true. Like that "6,000 Chinese nationals left Sihanoukville every day" is based on that paper note that someone shared on Facebook. Numbers on that note has already multiple times proven to be wrong.
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Re: Boom to bust for Cambodia’s Chinese casino town

Post by adders28 »

rogerrabbit wrote: Sat Nov 09, 2019 3:33 pm
phuketrichard wrote: Sat Nov 09, 2019 8:57 am Boy;
That was quick
Sihanoukville resort is losing its golden luster as Cambodia obliges China’s firm request to shut down lucrative online gaming sites

Historians may trace the decline of online gambling in Asia to a bricks and mortar failure.

The June 22 building site collapse in Sihanoukville that left 28 construction workers dead and 26 more injured brought unwelcome attention to a Chinese investment tsunami in the once placid Cambodian seaside resort.

Online gambling ranks high among seismic forces propelling that massive wave of funds into Cambodia, and it’s one authorities have chosen to confront.
“China has invested billions of dollars in Cambodia. The Chinese government said it would stop investments unless [Cambodian authorities] stop online casinos.”
https://www.asiatimes.com/2019/11/artic ... sino-town/
This article is again just a copy & paste from the old article as it has all the same "facts" that are based on stuff that are not true. Like that "6,000 Chinese nationals left Sihanoukville every day" is based on that paper note that someone shared on Facebook. Numbers on that note has already multiple times proven to be wrong.
the amount of empty apartments says its true and rooms now for 150 a month plus less traffic confirm it
Are you even here in shv? take a look around
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Re: Boom to bust for Cambodia’s Chinese casino town

Post by rogerrabbit »

adders28 wrote: Sat Nov 09, 2019 9:13 pm
rogerrabbit wrote: Sat Nov 09, 2019 3:33 pm
phuketrichard wrote: Sat Nov 09, 2019 8:57 am Boy;
That was quick
Sihanoukville resort is losing its golden luster as Cambodia obliges China’s firm request to shut down lucrative online gaming sites

Historians may trace the decline of online gambling in Asia to a bricks and mortar failure.

The June 22 building site collapse in Sihanoukville that left 28 construction workers dead and 26 more injured brought unwelcome attention to a Chinese investment tsunami in the once placid Cambodian seaside resort.

Online gambling ranks high among seismic forces propelling that massive wave of funds into Cambodia, and it’s one authorities have chosen to confront.
“China has invested billions of dollars in Cambodia. The Chinese government said it would stop investments unless [Cambodian authorities] stop online casinos.”
https://www.asiatimes.com/2019/11/artic ... sino-town/
This article is again just a copy & paste from the old article as it has all the same "facts" that are based on stuff that are not true. Like that "6,000 Chinese nationals left Sihanoukville every day" is based on that paper note that someone shared on Facebook. Numbers on that note has already multiple times proven to be wrong.
the amount of empty apartments says its true and rooms now for 150 a month plus less traffic confirm it
Are you even here in shv? take a look around
Did you read the article at all? It doesn't say anything about $150 rooms or empty apartments. And no, I'm not there but I do go there frequently and I know very well whats happening there. Yes, rents have dropped and old properties start to be available again in more reasonable prices. But the reason why rents have dropped is not only because of "mass exodus". And less traffic compared to couple months ago? Yes but compared to say +12 months ago, no, there is still far more traffic than 2018.
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Re: Boom to bust for Cambodia’s Chinese casino town

Post by Pablo254 »

You might find a room for 150 in klang Ler near the brewery but not downtown. I'm paying 3 ton rn.
adders28
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Re: Boom to bust for Cambodia’s Chinese casino town

Post by adders28 »

rogerrabbit wrote: Sat Nov 09, 2019 9:22 pm
adders28 wrote: Sat Nov 09, 2019 9:13 pm
rogerrabbit wrote: Sat Nov 09, 2019 3:33 pm
phuketrichard wrote: Sat Nov 09, 2019 8:57 am Boy;
That was quick
Sihanoukville resort is losing its golden luster as Cambodia obliges China’s firm request to shut down lucrative online gaming sites

Historians may trace the decline of online gambling in Asia to a bricks and mortar failure.

The June 22 building site collapse in Sihanoukville that left 28 construction workers dead and 26 more injured brought unwelcome attention to a Chinese investment tsunami in the once placid Cambodian seaside resort.

Online gambling ranks high among seismic forces propelling that massive wave of funds into Cambodia, and it’s one authorities have chosen to confront.
“China has invested billions of dollars in Cambodia. The Chinese government said it would stop investments unless [Cambodian authorities] stop online casinos.”
https://www.asiatimes.com/2019/11/artic ... sino-town/
This article is again just a copy & paste from the old article as it has all the same "facts" that are based on stuff that are not true. Like that "6,000 Chinese nationals left Sihanoukville every day" is based on that paper note that someone shared on Facebook. Numbers on that note has already multiple times proven to be wrong.
the amount of empty apartments says its true and rooms now for 150 a month plus less traffic confirm it
Are you even here in shv? take a look around
Did you read the article at all? It doesn't say anything about $150 rooms or empty apartments. And no, I'm not there but I do go there frequently and I know very well whats happening there. Yes, rents have dropped and old properties start to be available again in more reasonable prices. But the reason why rents have dropped is not only because of "mass exodus". And less traffic compared to couple months ago? Yes but compared to say +12 months ago, no, there is still far more traffic than 2018.
i dont need to read the article, ok figures probably exagerated but its getting like a ghost town here, traffic is only busy in rush hour but yes worse than years ago, quieter than 6months ago
construction come to a stop, lots of empty buildings, architect and agents saying the same
i have photos of buildings that are empty due to online gambling ban, rooms with bunk beds (empty) they can not rent them out
the ban and bubble bursting in china are to blame what else?
even chinese media has reported the same now
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Re: Boom to bust for Cambodia’s Chinese casino town

Post by rogerrabbit »

adders28 wrote: Sat Nov 09, 2019 9:42 pm
rogerrabbit wrote: Sat Nov 09, 2019 9:22 pm
adders28 wrote: Sat Nov 09, 2019 9:13 pm
rogerrabbit wrote: Sat Nov 09, 2019 3:33 pm
phuketrichard wrote: Sat Nov 09, 2019 8:57 am Boy;
That was quick




https://www.asiatimes.com/2019/11/artic ... sino-town/
This article is again just a copy & paste from the old article as it has all the same "facts" that are based on stuff that are not true. Like that "6,000 Chinese nationals left Sihanoukville every day" is based on that paper note that someone shared on Facebook. Numbers on that note has already multiple times proven to be wrong.
the amount of empty apartments says its true and rooms now for 150 a month plus less traffic confirm it
Are you even here in shv? take a look around
Did you read the article at all? It doesn't say anything about $150 rooms or empty apartments. And no, I'm not there but I do go there frequently and I know very well whats happening there. Yes, rents have dropped and old properties start to be available again in more reasonable prices. But the reason why rents have dropped is not only because of "mass exodus". And less traffic compared to couple months ago? Yes but compared to say +12 months ago, no, there is still far more traffic than 2018.
i dont need to read the article, ok figures probably exagerated but its getting like a ghost town here, traffic is only busy in rush hour but yes worse than years ago, quieter than 6months ago
construction come to a stop, lots of empty buildings, architect and agents saying the same
i have photos of buildings that are empty due to online gambling ban, rooms with bunk beds (empty) they can not rent them out
the ban and bubble bursting in china are to blame what else?
even chinese media has reported the same now
Yeah some construction sites that have stopped. But it doesn't mean all have stopped. Quite far from it really. Some have stopped because some Chinese left and these were cheap projects targeted for this particular group of people. Some have just slow down as it's was first holiday season in China and now locals have been on holidays. Outside it does look like nothing happening but there is still progress made. And then some didn't have all the paper work done so they have paused so that paperworks gets cleared. But many of the projects are still progressing full steam and some new, and really huge ones too, have just started even.

Some older building and these "cheapo" bunk bed buildings particular are empty because many of the new building have completed. I know my local friend was able to rent all his 30 units in his new building to Chinese just within in a week from completion.

The market is evolving and saying bubble has burst shows you don't know what is really going on there. You will see in few years of time.
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Re: Boom to bust for Cambodia’s Chinese casino town

Post by AndyKK »

I would think the last statement sums things up in a nutshell. See in a few years time.
Has for Sihanoukville I would not like to live there with the problems of being down to a over build boom with problems, flooding and rubbish brings health problems, nevermind high costs. It makes sense that people leave.
It may have been or still is the big casino town, but there are plenty more here, and some with empty card tables due to lack of customers. But still there are plenty of Chinese in these places, so what are they doing? Some I hear are employing local people now to fill the gaps of the leavers, at $600 per month salary makes factory workers look poor again.
Bokor is a ghost mountain without it's customers playing the table's but pleanty of young Chinese workers and development going on.
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