Logo of Phnom Penh Post newspaper Phnom Penh Post - Pailin casino partnership now a one-firm venture

Pailin casino partnership now a one-firm venture

Pailin casino partnership now a one-firm venture

Entertainment Gaming Asia announced yesterday that it has amended the terms of its casino development project in Pailin province near the Thailand border. The project was initially slated to be a joint venture between Entertainment Gaming and an unnamed local partner, in which the profits would be shared on a respective 55 percent to 45 percent basis.

Under the amended terms, however, the US$2 million development, dubbed the Pailin Project, will be 100 percent owned by the gaming machine provider, which plans to expand operations further.

“We are pleased to amend the project terms to increase our share of the profit before depreciation and lease payments, providing us the potential to earn greater returns from this exciting project,” said Entertainment Gaming CEO Clarence Chung.

It will open the casino under its “Dreamworld” brand with approximately 23 tables and 40 electronic gaming machines, the release said.

MOST VIEWED

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading

  • PM warns EU and opposition on 34th anniversary of his rule

    HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget