Sihanoukville's Queenco Casino Seeks Investors for Expansion
- General Mackevili
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Sihanoukville's Queenco Casino Seeks Investors for Expansion
The Israeli gaming firm behind Sihanoukville’s Queenco Casino is seeking investors to expand its operations in the seaside town, according to a report released by the company last week, but after six months of “cash flow distress” and losses of more than $1 million, those dreams may be dashed.
Yariv Lerner, CEO of Queenco Leisure International Ltd., said in the company’s second-quarter financial report, released on August 28, that the company is seeking investors to develop a 3,000-room, 5-star gaming resort on 9 hectares of land. But after financial losses of about $1.18 million, the company may be forced to sell the land, the report says.
“The Company would like to develop a new tourist project on a 9 hectare land it owns in Sihanoukville, which is located near the current Cambodian project,” Mr. Lerner says, adding that the company is trying to find “investors and/or business partners.”
“However, due to the Company’s cash flow distress, it may need to sell this land. Indeed, the Company’s board of directors resolved in February 2013 to offer for sale the Company’s 9 hectare land in Cambodia, if needed to enable the Company to meet its obligations,” he says.
Queenco Casino could not be reached for comment on Thursday.
In July, the gaming resort hosted the Asia Poker Tour.....
...click link to continue reading...
http://www.cambodiadaily.com/business/c ... and-67596/
Yariv Lerner, CEO of Queenco Leisure International Ltd., said in the company’s second-quarter financial report, released on August 28, that the company is seeking investors to develop a 3,000-room, 5-star gaming resort on 9 hectares of land. But after financial losses of about $1.18 million, the company may be forced to sell the land, the report says.
“The Company would like to develop a new tourist project on a 9 hectare land it owns in Sihanoukville, which is located near the current Cambodian project,” Mr. Lerner says, adding that the company is trying to find “investors and/or business partners.”
“However, due to the Company’s cash flow distress, it may need to sell this land. Indeed, the Company’s board of directors resolved in February 2013 to offer for sale the Company’s 9 hectare land in Cambodia, if needed to enable the Company to meet its obligations,” he says.
Queenco Casino could not be reached for comment on Thursday.
In July, the gaming resort hosted the Asia Poker Tour.....
...click link to continue reading...
http://www.cambodiadaily.com/business/c ... and-67596/
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- Garry.Crabtree
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Re: Sihanoukville's Queenco Casino Seeks Investors for Expan
My wife went to that casino the other night and really cleaned up.
I've been telling for ages to look for a better job….
I've been telling for ages to look for a better job….
According to the proverb: The pun is mightier than the sword
Re: Sihanoukville's Queenco Casino Seeks Investors for Expan
Who in their right mind would promote the fact that the existing operation is bleeding money when trying to attract investors? "We lost our money, now partner with us and let us lose your money too."
- General Mackevili
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Re: Sihanoukville's Queenco Casino Seeks Investors for Expan
LoL. We need investors to cover our losses...any takers?Soi Dog wrote:Who in their right mind would promote the fact that the existing operation is bleeding money when trying to attract investors? "We lost our money, now partner with us and let us lose your money too."
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Re: Sihanoukville's Queenco Casino Seeks Investors for Expan
Sounds like another opportunity for the Russians, Japs, Singaporeans, Kraplanastainits, Cambodians, etc to set up another mega money laundering scam/empty-building project. Wash-launder-dry, wash-launder-dry, and how the money rolls in/out, in,/out.
I thought the Jews were good with money? Can't they figure out a money laundering scam like everyone else? All they have to do is look at the Jap/Singaporean/Cambodian mega-marina project just down the beach from them. Wash-launder-dry, wash-launder-dry, and how the money rolls in/out, in/out.
I thought the Jews were good with money? Can't they figure out a money laundering scam like everyone else? All they have to do is look at the Jap/Singaporean/Cambodian mega-marina project just down the beach from them. Wash-launder-dry, wash-launder-dry, and how the money rolls in/out, in/out.
Re: Sihanoukville's Queenco Casino Seeks Investors for Expan
damn those Kraplanastainits
damn them all to hell
damn them all to hell
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