Malaysian firm to turn Sihanoukville into ‘Macau of Southeast Asia’

Cambodian government officials have given their approval to a Malaysian company’s plans to develop the “Macau of Southeast Asia” in the seaside town of Sihanoukville.

On Friday, the Phnom Penh Post reported that Salient Ventures, a subsidiary of newly incorporated Malaysian firm SV International, had received investment approval on March 1 from Cambodia’s Council of Ministers to develop a “casino city” featuring hotels and casinos – some offering Chinese-facing online gambling sites – in the city of Sihanoukville on the Gulf of Thailand.

SV International recently released a promotional video (viewable below) claiming it was in the process of “bulk acquiring every potential development lot” in the city’s West Port area and was also looking to purchase existing hotels “for renovation and equipping them with gaming licenses.”

As with most Cambodian gaming stories, legal clarity is somewhat lacking. Salient Ventures claims to have already obtained one gaming license in Sihanoukville, but SV International’s website currently lists only one gaming license in the Cambodian border town of Poipet.

Continue reading: http://calvinayre.com/2016/03/26/casino ... east-asia/

Wow, would be scary if it wasn't so ridiculous...

Anchor Moy wrote:Wow, would be scary if it wasn't so ridiculous...

the chinese can fuck off with their casinos, sihanoukvilles already changed so much over the past 4 years, its sad to see, all the construction and new big buildings being build is hideous

Jamie_Lambo wrote:

Anchor Moy wrote:Wow, would be scary if it wasn't so ridiculous...

the chinese can fuck off with their casinos, sihanoukvilles already changed so much over the past 4 years, its sad to see, all the construction and new big buildings being build is hideous

Hmmm I think you still need to step out of the beaten tracks Jamie...

phuketrichard wrote:all u all that want things to stay the same .....for the country an for the Cambodians its progress.
all the building /job opportunity makes it possible for a middle class to emerge, ( and of course for there to be a larger separation between the haves an the have nots)

but do you think it's sensible in 2016 to be encouraging people to fritter away their hard earned real incomes which are stagnating at best and in some cases are being eroded? Gambling on this scale will be a cancer on the Cambodian society.

Scambodia gets a new investor.

Muslim gambling monopolists .

phuketrichard wrote:

obelisks wrote:

phuketrichard wrote:all u all that want things to stay the same .....for the country an for the Cambodians its progress.
all the building /job opportunity makes it possible for a middle class to emerge, ( and of course for there to be a larger separation between the haves an the have nots)

but do you think it's sensible in 2016 to be encouraging people to fritter away their hard earned real incomes which are stagnating at best and in some cases are being eroded? Gambling on this scale will be a cancer on the Cambodian society.

encouraging?? how so? anyone forcing them inside?
also
I thought that Cambodians were NOT allowed to gamble in the casinos/

How is it any different than Maccau, Singapore, Las Vegas?
Will bring in much needed foreign currency, tax's and employment
Cambodia needs do something to pull in the tourists and only so many times you can visit Angkor Wat ( for most once is enough)

Huge gambling problem in Cambodia .
All you see is locals at many casinos , pajama pants gangs, tuk tuks etc etc .