Macau-based casino operator Macau Legend Development Limited has agreed to purchase several parcels of land in Siem Reap Province, Cambodia totaling 1,200 hectares, for the development of an integrated resort (IR).

In its filing at the Hong Kong Stock Exchange, the company said that the shares in Howing Enterprises Co., Ltd, which holds the land, were sold by Wang Jiemin, also known as Wang Kitman, for $90 million.

A memorandum of understanding between the two parties had already been signed as early as June 6, 2014, when a $90-million refundable amount had been deposited.

Macau Legend is the operator of the Babylon and Legend Palace casinos in Macau, as well as one in Savan Legend Resorts Hotel and Entertainment Complex in Laos. The company said that the planned Siem Reap casino will allow it “to take part in and benefit from the tourism industry of Cambodia, which is important for the Group’s long-term development as well as the broadening of its revenue base.”