CASINO

Cambodian casino on track for opening

TAGs: Cambodia, thailand

Dream World

The place of your dreams! (or so they hope!)

Cambodia’s newest casino business is getting closer by the day with the developers of the latest location expecting to open it by the middle of 2012. Dreamworld Casino Pailin is the brainchild of Entertainment Gaming Asia Inc and will consist of 23 table games and 40 electronic gaming machines. It’s part of the larger Pailin Project with this initial phase thought to be costing the firm around $2.4million to build and its proximity to the Thai border is something that will help bring in the dollars for the firm.

Clarence Chung, Chairman and Chief Executive Officer of Entertainment Gaming Asia, commented, “We are pleased with our progress to-date on this exciting casino project, which we believe is strategically located in the attractive and growing gaming market of Pailin at the Thailand border. This project is an incremental step in our casino development strategy and offers the potential for near-term earnings and long-term growth. We look forward to providing more updates throughout the development process.”

Recently the “special economic zones” in which these casinos operate have seen incidences with Vietnamese players racking up gaming debts that they couldn’t pay back. There’s no suggestion that the casinos have had anything to do with the severed fingers or ears but it goes to warn anyone that might be thinking about taking out loans from gangsters to think again.

When completed it will be the fifth casino on the border with Thailand, a country that has outlawed gambling. Dreamland has the distinction of being the closest to the border crossing with Bangkok being two hours drive away a particular plus. Asia’s gaming industry is one that is seeing unprecedented growth right now with this likely to be the case here as well.

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