Chinese Resort at Otres Beach to be Operational in 2019
Posted: Mon Sep 10, 2018 6:53 pm
Investment money from Macau is expected to speed up development at the future Otres beach resort...
Suncity Group enters partnership in Sihanoukville
7 September 2018
Macau’s leading junket operator Suncity Group, a company listed on the Hong Kong Stock Exchange, has entered into a partnership with locally-registered firm Golden Sun Sky to provide consultancy services in the construction of a resort in Sihanoukville.
“The directors believe that entering into this strategic partnership agreement will expand the company’s footprint in Cambodia, in addition to the integrated resort projects in Vietnam,” Suncity said in a recent filing to the Hong Kong Stock Exchange.
Total investment in the resort, which is owned by Golden Sun Sky, is estimated at $360 million.
The resort will occupy an area of 650,000 square meters in Sihanoukville’s popular Otres Beach and will contain gaming facilities, Suncity said. The developers aim to have the resort operational by the end of 2019.
The province is a hotbed of gaming activity in the country. The majority of Cambodia’s 100 casinos are located in Preah Sihanouk. A draft of the Gaming Law is currently being reviewed by the Council of Jurists of the Council of Ministers.
https://www.khmertimeskh.com/50531258/s ... noukville/
Suncity Group enters partnership in Sihanoukville
7 September 2018
Macau’s leading junket operator Suncity Group, a company listed on the Hong Kong Stock Exchange, has entered into a partnership with locally-registered firm Golden Sun Sky to provide consultancy services in the construction of a resort in Sihanoukville.
“The directors believe that entering into this strategic partnership agreement will expand the company’s footprint in Cambodia, in addition to the integrated resort projects in Vietnam,” Suncity said in a recent filing to the Hong Kong Stock Exchange.
Total investment in the resort, which is owned by Golden Sun Sky, is estimated at $360 million.
The resort will occupy an area of 650,000 square meters in Sihanoukville’s popular Otres Beach and will contain gaming facilities, Suncity said. The developers aim to have the resort operational by the end of 2019.
The province is a hotbed of gaming activity in the country. The majority of Cambodia’s 100 casinos are located in Preah Sihanouk. A draft of the Gaming Law is currently being reviewed by the Council of Jurists of the Council of Ministers.
https://www.khmertimeskh.com/50531258/s ... noukville/