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.

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