US$200M casino resort to rise in Cambodia

Cambodia is building a multi-million dollar casino resort near the border of Vietnam with hopes of luring Vietnamese gamblers that have been barred from their own casinos.

Khmer Times reported that casino developer Virtue Resources Corp. (VRC) is allotting US$200 million for the construction of the 50-hectare y casino resort in Bavet City, Cambodia, which is just a stones-throw away from Vietnam’s Moc Bai border.

VRC executives explained that they have decided to construct an integrated casino resort in Cambodia because they have seen the potential of economic growth in the country for the next 10 years.

They added that the Empire World city will boost up the local economy by attract neighboring Vietnamese into the city. Currently under Cambodian law, its citizens are barred from using the country’s existing casinos.