Further delay for Macau Legend’s acquisition of Siem Reap land

[geovalin]

Macau Legend will have to wait a little longer before it can start building what promises to be one of the biggest integrated resorts in Cambodia. In a filing with the Hong Kong Stock Exchange in December last year, the Macau-headquartered casino operator said it will delay the purchase of 1,200 hectares of land in Siem Reap. Macau Legend intended to develop the land into an “integrated resort”.

 

An “integrated resort” usually includes a hotel with a casino together with convention centres, entertainment shows, theme parks, fine dining restaurants and other non-gaming facilities. If the project eventually goes through, it will be one of the largest integrated resorts in the Kingdom.

 

Giving the seller “more time to fulfill certain conditions” was cited as the reason for the delay. It was agreed, per the filing, that the seller will have to make sure that the property is “freehold land and free and clear of any encumbrances, must have no aboriginal and other villagers or squatters, schools and students, no disputes, no land external mortgage, pledge and guarantee” before the transfer of ownership will be pushed through. At that time, both parties also agreed to move the start date to June 26, 2020. The original deadline for the acquisition was on December 26, 2019.

 

read more https://www.khmertimeskh.com/50741117/further-delay-for-macau-legends-acquisition-of-siem-reap-land/

[moe666]

Siem Reap is about Angkor Wat not a crazy resort. Going down hill from here

[hotandsticky]

17 minutes ago, moe666 said:

Siem Reap is about Angkor Wat not a crazy resort. Going down hill from here

 

 

I know many people who have been to Siem Reap and not set foot on the Angkor estate.

 

The town has long since been a lot more than just 'about Angkor Wat'.  

[dpcjsr]

First Sihanoukville and now Siem Reap. Soon we can just rename Cambodia as China. Government is selling out the entire nation. 

 

[Aspaltso]

I lived in Siem Reap for 4 months this past year, and it was mentioned to me on a few different occasions from western business owners that Chinese investors were making a big push in the town. No surprise really.

[hotchilli]

13 hours ago, dpcjsr said:

First Sihanoukville and now Siem Reap. Soon we can just rename Cambodia as China. Government is selling out the entire nation. 

 

Hun Sens legacy..