Logo of Phnom Penh Post newspaper Phnom Penh Post - New Pailin casino shrugs off conflict worry

New Pailin casino shrugs off conflict worry

New Pailin casino shrugs off conflict worry

Entertainment Gaming Asia will open a casino in Pailin province near the border with Thailand by next year, the firm said.

The proposed location “is far away from the current conflict area of the northern Cambodia Thailand border”, the firm’s Chief Executive Officer Clarence Chung said in a first quarter conference call.

“We are making solid progress in implementing our new growth strategy of owning and operating regional casinos in emerging gaming markets in the Indo-China region,” he said in a statement accompanying Monday’s conference call.

Director of Finance Ministry's  Financial Industry Department Mey Vann claimed yesterday that despite the ongoing border dispute, casinos near Thailand remain unaffected.

“Political circumstances have not affected the casinos economic situation and there has been no decline in the number of visitors from both sides of the border,” he said.

“The investors rigorously surveyed Pailin province’s current economic situation and potential for profit in the region’s gaming market.”

However, some casino operators in Banteay Meancheay province – where violent border clashes had taken place – told The Post earlier this month they had shuttered casinos when Thai authorities had temporarily closed two border gates.

Entertainment Gaming plans to develop the project on a plot of land owned by its unnamed local partner in the venture, which owns 33 percent. The firm expects the project to cost US$2 million in a location near four other border casinos. It will open the casino under its “Dreamworld” brand with approximately 23 tables and 40 electronic gaming machines, according to the release.

The Dreamworld casino, set to open in the second quarter of 2012, “will cater to mass market and premium players from the major nearby cities in the region,” it said.

Entertainment Gaming, formerly Elixir Gaming, currently operates 726 gambling machines in Cambodia, primarily at Phnom Penh’s sole licenced casino NagaWorld, Chief Accounting Officer Andy Tsui said in the conference call.Its Cambodia operations generated some $3.4 million in the first quarter of the year, he said.

The firm also has plans to launch a separate casino in Kampot province.

MOST VIEWED

  • Kingdom may hire Turkish power ship

    Cambodia is considering negotiating with Turkey to hire a 200MW-capacity power ship to meet electricity demands as the country faces an ongoing electrical shortage, according to the prime minister. Speaking to garment workers in Pursat province on Wednesday, Prime Minister Hun Sen said Electricite du

  • ‘Kingdom lacks up to 400MW in available electricity’

    Prime Minister Hun Sen has called on the general public, hoteliers and businesspeople with generators to use them as back-up as the Electricity Authority of Cambodia cannot generate enough electricity to meet needs due to low water levels in power station reservoirs. On Saturday evening

  • EDC tackles power shortfall

    Electrcite Du Cambodge (EDC) on Monday issued a statement updating the public on its efforts to tackle insufficient electricity supplies during the ongoing dry season. Reductions in electricity prices have resulted in a steady increase in consumers in the Kingdom, while local and international investors

  • African swine fever spreads to VN-Cambodia border

    African swine fever has spread to parts of Vietnam that border Cambodia’s Ratanakkiri and Kratie provinces, a Ministry of Agriculture, Forestry and Fisheries official said on Friday. Tan Phannara, the General Directorate of Animal Health and Production director-general, told a Phnom Penh workshop that