Build Cambodia Regions To Gambling

A Cambodian tycoon will launch a luxurious gambling complex that has spent $ 100 million or nearly $ 1 trillion in state near the border with Vietnam this month. This place is intended to attract foreign tourists and develop the entertainment industry

Thieng Kith, owner of Titan King Casino will open its doors on February 26 at Bavet, a town in the province of Svay Rieng, about 120 km from Phnom Penh. The extent of 2.5 hectares and employs around 6,000 people.

Thieng, has a variety of businesses including hotels, fast food restaurants, mobile phone operators and shares in banks and television stations. He said he wanted to help the entertainment sector of Cambodia after the rise of the global economic crisis.

"Most gamblers are vietnam but I also aim to attract people from other countries," he said. "I want to promote Cambodia's natural to have enough places for entertainment."

Tourism is second only to the agricultural income for poor countries is the second largest. Cambodia generate revenues of U.S. $ 19 million from 29 casinos in 2008, according to Treasury data.

Last year fell to U.S. $ 17 million, a decrease was triggered the decline of foreign tourists and increasing border tensions with neighboring Thailand.

Thailand is an important part of the casino industry in Cambodia. Most forms of gambling are prohibited in Thailand, but thousands of people regularly visiting Thailand a large casino complex located along the border.

In a posting on the new casino website (http://titankingcasino.com), Kith Thieng said Bavet will quickly become a regional hub for entertainment "such as Las Vegas and Macau."

Hear Sopheaktra, Thieng assistant, said the casino will be registered in the stock market in Cambodia, which opened this year. The only casino operator in Cambodia, NagaCorp, has a license to run the magnificent casino complex until 2065.