Australia listed Donaco International spent $360 million to buy a Cambodia border casino in Poipet. Macau junket promoter Heng Sheng Group and Manchester United have joined the Star Vegas team to help make the investment pay. Poipet’s location, two hours from the ancient Buddhist Angkor Wat complex, is a key selling point for Chinese tourists.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Australia listed Donaco International spent $360 million to buy a Cambodia border casino in Poipet. Macau junket promoter Heng Sheng Group and Manchester United have joined the Star Vegas team to help make the investment pay. Poipet’s location, two hours from the ancient Buddhist Angkor Wat complex, is a key selling point for Chinese tourists.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Australian listed Donaco International’s purchase of Poipet’s Star Vegas for $360 million puts the spotlight on Cambodia’s border casino areas that usually operate in the shadows.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
In booming Phnom Penh, NagaWorld is expanding Indochina’s biggest casino resort to make it an even more formidable regional competitor. Parent company NagaCorp’s ambitions also include two Airbus A320s for bring guests from China to Cambodia and a new resort in Russia.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Macau keeps raising the minimum bets at its tables. “If you’re betting $50 a hand, you can’t play in my casino on weekends,” one executive told me. In the short run, it’s about maximizing profits from a limited number of tables. But in the long run, high costs for play, along with expensive hotel rooms and shopping, may alienate visitors, good news for less expensive regional rivals such as the Philippines, Cambodia and Vietnam.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
