Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Gamble on casino in Pailin looks like a loser

Gamble on casino in Pailin looks like a loser

Gamble on casino in Pailin looks like a loser

Crippling revenue and poor gamer numbers have prompted Entertainment Gaming Asia (EGA) to consider walking away from its Dreamworld Casino in Pailin province, according to a filing on the NASDAQ exchange on January 21.

EGA, owned by Melco International Development, runs Dreamworld Casinos in Pailin and Banteay Meanchey provinces.

In the filing, EGA said it would write off its initial $2.5 million investment in the Pailin venture, as it struggles to lure gamers from across the Thai border, and would think about whether or not to stay put in the future.

“The company is reviewing all potential options for the Dreamworld Pailin operations, which include seeking additional leasing contracts with third-party operators, subletting the entire facility or exiting the Dreamworld Pailin operations altogether,” said the statement from EGA, which sells slot machines to NagaWorld in Phnom Penh and the Bokor mountain casino in Kampot province.

EGA recorded a decrease of more than $475,000 between the second quarter and third quarter of 2013 at Dreamworld Pailin. The casino first opened its doors in May of 2012.


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which