HK company proposes casino-resort project for Siem Reap, Cambodia

Whether you're a working stiff or a business owner yourself, this is the place to discuss all aspects of financing your drinking habit ;-)

NO BUSINESS SALES HERE PLEASE, WE HAVE A SECTION FOR THAT IN THE CLASSIFIEDS.
User avatar
Beerinthemorning
Expatriate
Posts: 1356
Joined: Sat Nov 11, 2017 7:43 pm
Reputation: 75
Cambodia

Re: HK company proposes casino-resort project for Siem Reap, Cambodia

Post by Beerinthemorning » Sat Jun 02, 2018 12:42 pm

why put a casino next to the worlds largest religious structure....

just plain greedy.
User avatar
phuketrichard
Expatriate
Posts: 11052
Joined: Wed May 14, 2014 5:17 pm
Reputation: 2641
Location: Atlantis
Aruba

Re: HK company proposes casino-resort project for Siem Reap, Cambodia

Post by phuketrichard » Sat Jun 02, 2018 1:22 pm

Beerinthemorning wrote:
Sat Jun 02, 2018 12:42 pm
why put a casino next to the worlds largest religious structure....

just plain greedy.
WHY?
well, at night there is fuck all to do in SR except Pub street and thats not for Asians..
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
User avatar
Beerinthemorning
Expatriate
Posts: 1356
Joined: Sat Nov 11, 2017 7:43 pm
Reputation: 75
Cambodia

Re: HK company proposes casino-resort project for Siem Reap, Cambodia

Post by Beerinthemorning » Sat Jun 02, 2018 2:15 pm

phuketrichard wrote:
Sat Jun 02, 2018 1:22 pm
Beerinthemorning wrote:
Sat Jun 02, 2018 12:42 pm
why put a casino next to the worlds largest religious structure....

just plain greedy.
WHY?
well, at night there is fuck all to do in SR except Pub street and thats not for Asians..
Nothing is sacred anymore.
User avatar
CEOCambodiaNews
Expatriate
Posts: 35001
Joined: Sun Oct 12, 2014 5:13 am
Reputation: 1910
Location: CEO Newsroom in Phnom Penh, Cambodia
Contact:
Cambodia

Re: HK company proposes casino-resort project for Siem Reap, Cambodia

Post by CEOCambodiaNews » Mon Jun 04, 2018 10:05 pm

4 June 2018
- Macau Legend Development plans to build a recreation center including casinos and also non-gambling services in the historic Cambodian tourist city of Siem Reap. This was announced last Thursday, by the company's chief executive, Chow Kam Fai, who said he expects to terminate the purchase agreement for that location soon.

However, the Deputy Director of the financial industry department at the Ministry of Economy that runs the casino business, Ros Phirun, told the Post on June 1 that the ministry has yet to receive a request for permission for the project, and that there are no negotiations underway at present.

He said that the government would not allow a gambling business or casino in Siem Reap, but Cambodia welcomed new investments in other projects.
https://kimedia.blogspot.com/2018/06/bl ... .html#more
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
User avatar
CEOCambodiaNews
Expatriate
Posts: 35001
Joined: Sun Oct 12, 2014 5:13 am
Reputation: 1910
Location: CEO Newsroom in Phnom Penh, Cambodia
Contact:
Cambodia

Re: HK company proposes casino-resort project for Siem Reap, Cambodia

Post by CEOCambodiaNews » Thu Jan 03, 2019 11:14 am

Macau Legend Development Limited acquires Cambodian land
Adam Morgan
January 2, 2019
Asian casino operator, Macau Legend Development Limited, has reportedly announced the signing of a deal that has seen it spend slightly over $90 million in order to buy a large plot of land in central Cambodia.

Casino resort possibility:
According to a report from GGRAsia, the Hong Kong-listed firm revealed the transaction via an official Monday filing while additionally detailing that the 2,965-acre parcel in Siem Reap Province could eventually house an integrated casino resort branded similar to its new 223-room Legend Palace Hotel development in Macau’s Fisherman’s Wharf district.

Expanding Asian portfolio:
Macau Legend Development Limited is also responsible for the Savan Legend Hotel and Casino in Laos and utilizes a gaming license held by SJM Holdings Limited to run Macau’s Babylon Casino Macau. It had previously exploited a similar arrangement to operate the former Portuguese enclave’s Pharaoh’s Palace Casino inside The Landmark Macau hotel.

Read a statement from Macau Legend Development Limited…
“The acquisition of the land by the group is intended for construction and development of an integrated resort in Siem Reap Province, Cambodia, allowing the group to take part in and benefit from the tourism industry of Cambodia, which is important for the group’s long-term development as well as the broadening of its revenue base.”

Area ‘ripe’ for development:
GGRAsia reported that the move comes despite a May statement from an unnamed Cambodian government official that gambling was ‘not allowed’ in Siem Reap Province, which is home to the nation’s iconic Angkor Wat temple complex. However, Andrew Klebanow from American business consultancy Global Market Advisors purportedly stated in June that the largely rural region’s popularity with tourists from mainland China had seen it become a ‘ripe’ location for a new gaming establishment.
https://news.worldcasinodirectory.com/m ... land-62331
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
User avatar
CEOCambodiaNews
Expatriate
Posts: 35001
Joined: Sun Oct 12, 2014 5:13 am
Reputation: 1910
Location: CEO Newsroom in Phnom Penh, Cambodia
Contact:
Cambodia

Re: HK company proposes casino-resort project for Siem Reap, Cambodia

Post by CEOCambodiaNews » Thu Jan 03, 2019 11:28 am

However, the Cambodian authorities continue to insist that no casino or gambling will be allowed in Siem Reap. To be continued...

Publication date 01 January 2019 |

The Ministry of Economy and Finance’s General Department of Financial Industry deputy director-general Ros Phirun said on Monday that the ministry had not received any investment proposal from Macau Legend or its subsidiary Sky Force, but emphasised that a casino investment in Siem Reap will never get government approval.

“The question is whether the investment plan for integrated resort includes a casino or not. If there is no casino or gambling activity in the project, that is fine. But it should know that the gambling business is not allowed in Siem Reap,” Phirun said.

The deal between Macau Legend Development and Howing Enterprises consists of some 83.88ha of Aspara Authority-owned land, which might be used for parking or a garden.

Apsara Authority spokesperson Chao Sun Keriya said on Monday that the authority has not received an investment request from the company and does not know about the project.

She said the Apsara Authority land comprises protected zones – the Zone 1 and Zone 2 of Angkor Archaeological Park laid out on 40,000ha of land as well as the “Cultural and Tourism City”.

Keriya said the protected zones are untouchable and are prohibited from being purchased to build hotels, restaurants or karaoke establishments.
https://phnompenhpost.com/business/hong ... es-90m-sum
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
User avatar
Stinkman
Expatriate
Posts: 202
Joined: Sat Nov 24, 2018 12:41 am
Reputation: 115

Re: HK company proposes casino-resort project for Siem Reap, Cambodia

Post by Stinkman » Thu Jan 03, 2019 11:42 am

Beerinthemorning wrote:
Sat Jun 02, 2018 12:42 pm
why put a casino next to the worlds largest religious structure....
I know, right? They should instead put a casino INSIDE Angkor Wat. Like a two birds with one stone kind of thing.

Image
User avatar
Beerinthemorning
Expatriate
Posts: 1356
Joined: Sat Nov 11, 2017 7:43 pm
Reputation: 75
Cambodia

Re: HK company proposes casino-resort project for Siem Reap, Cambodia

Post by Beerinthemorning » Thu Jan 03, 2019 12:50 pm

Stinkman wrote:
Thu Jan 03, 2019 11:42 am
Beerinthemorning wrote:
Sat Jun 02, 2018 12:42 pm
why put a casino next to the worlds largest religious structure....
I know, right? They should instead put a casino INSIDE Angkor Wat. Like a two birds with one stone kind of thing.

Image
I wouldnt be surprised one bit if it happened.
User avatar
CEOCambodiaNews
Expatriate
Posts: 35001
Joined: Sun Oct 12, 2014 5:13 am
Reputation: 1910
Location: CEO Newsroom in Phnom Penh, Cambodia
Contact:
Cambodia

Re: HK company proposes casino-resort project for Siem Reap, Cambodia

Post by CEOCambodiaNews » Wed May 22, 2019 10:47 pm

Macau Legend eying Laos, Cambodia, Vietnam expansion
Ben Blaschke
Wednesday 22 May 2019 at 06:40
Asian casino operator Macau Legend Development Ltd is looking to expand its current portfolio further into Laos and potentially through Cambodia and Vietnam, according to Executive Director Sheldon Trainer.

Trainer also revealed that the company is currently executing the purchase of land near Siem Reap in Cambodia and is studying the Vietnam market for future opportunities.

In Cambodia, Trainer described the land as “a very large bank of land. Land aggregation is not easy in Southeast Asia but they’re going to build a new airport in Siem Reap and we’re close to it. It’s a good location.

“When we first announced our interest there someone came out and said there is no gaming in Siem Reap but we’re 50 kilometers from Angkor Wat.

“I think Siem Reap tourism generally is good but we can do that project without a casino. If we get a casino, fine, but we could also pick up an asset somewhere else. There are 140 casinos in Cambodia and there will be 150 tomorrow.”
https://www.asgam.com/index.php/2019/05 ... expansion/
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
User avatar
frank lee bent
Expatriate
Posts: 11330
Joined: Sat May 17, 2014 4:10 am
Reputation: 2086
United States of America

Re: HK company proposes casino-resort project for Siem Reap, Cambodia

Post by frank lee bent » Wed May 22, 2019 11:31 pm

well the viets hate them like poison and that is where all the snooky barangs have gone.
laos will go down like a bag of shit
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 63 guests