Cambodian government officials have given their approval to a Malaysian company’s plans to develop the “Macau of Southeast Asia” in the seaside town of Sihanoukville.

On Friday, the Phnom Penh Post reported that Salient Ventures, a subsidiary of newly incorporated Malaysian firm SV International, had received investment approval on March 1 from Cambodia’s Council of Ministers to develop a “casino city” featuring hotels and casinos – some offering Chinese-facing online gambling sites – in the city of Sihanoukville on the Gulf of Thailand.

SV International recently released a promotional video (viewable below) claiming it was in the process of “bulk acquiring every potential development lot” in the city’s West Port area and was also looking to purchase existing hotels “for renovation and equipping them with gaming licenses.”

As with most Cambodian gaming stories, legal clarity is somewhat lacking. Salient Ventures claims to have already obtained one gaming license in Sihanoukville, but SV International’s website currently lists only one gaming license in the Cambodian border town of Poipet.