Logo of Phnom Penh Post newspaper Phnom Penh Post - Kampot casino planned

Kampot casino planned

Kampot casino planned

110311_8
A group of gamblers try their luck at cards on the gaming floor of a casino in Kampot province last September. Photo by: SOEUN SAY

ENTERTAINMENT Gaming Asia has announced it will open a casino in Kampot province, as officials say the province is becoming increasingly attractive for potential casinos.

Ministry of Economy and Finance chief of casino management Chrun Theravath said that border casinos located in Poipet near Thailand and Bavet near Vietnam had long proved profitable for the state.

With the economic crisis, Bavet’s casinos in particular have seen a decline in patronage, forcing some to close, he said.

Two casinos shuttered near the Bavet border crossing with Vietnam late last year, and Chrun Theravath said yesterday: “I hear that more casinos in Bavet will close due to bankruptcy, but I haven’t received an official letter yet.”

Locating a casino near the Prek Chak checkpoint in Kampot province was becoming increasingly popular, as more and more tourists used the route to enter and exit the Kingdom.

“They [casinos] are opening and looking to do business in Kampot. There are already a few casinos there, and the value of land is still cheap,” he said.

Kampot’s first casino – the nine-storey Ha Tien Vegas Entertainment Resort – opened in September 2010.

Entertainment Gaming will open its Kampot casino under its “Dreamworld” brand, according to a press release.

The firm – which owns and operates gaming machines in Phnom Penh’s NagaWorld licensed casino – expects to open the Kampot casino in the fourth quarter 2011, “subject to the timely issuance of the required gaming license,” it said.

The Kampot casino project is initially expected to cost less than US$1 million, as its owners plan to use gaming machines from its existing inventory. Entertainment Gaming will be 67 percent owner of the project, with the remainder held by an unnamed Cambodian partner.

“We are making solid progress in implementing our new growth strategy with the goal of becoming the leading owner and operator of regional casinos in select emerging gaming markets in Asia,” said its Chairman Clarence Chung in the release on Wednesday.

There are currently 27 licensed casinos in operation in Cambodia, according to Chrun Theravath.

Ministry of Economy and Finance figures show it collected $16 million in taxes from casinos during 2010, from $13 million the year previous.

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • More than 5K workers rush from Thailand amid outbreak

    Following the recent outbreak of Covid-19 in Thailand’s Samut Sakhon province, Cambodian migrants working in Thailand were gripped by worry over the situation and many rushed to return to their homeland. Over the past 10 days, more than 5,000 migrant workers have returned from Thailand through