Malaysian firm wagers on Sihanoukville's potential

[geovalin]

Sor Chandara

An obscure Malaysian company has obtained approval from Cambodia’s Council of Ministers to develop hotels and casinos in Sihanoukville, with an online promotional video claiming the firm will transform the coastal city into the “Macau of Southeast Asia.” Salient Ventures, the locally registered arm of Malaysian company SV International, which itself was incorporated only last December, announced in a recent promotional video that it was “bulk acquiring every potential development lot” in Sihanoukville’s port area and was “purchasing existing hotels for renovation and equipping them with gaming licences”.

The firm says its goal is to expand its presence across the coastal city and build a “casino city” modelled on Macau, the biggest gambling hub in Asia. Apart from running casinos, the government approval issued March 1 allows the firm to operate online gaming platforms, nightclubs, karaoke bars, massage parlours and even dog racing.

read more http://www.phnompenhpost.com/business/malaysian-firm-wagers-sihanoukvilles-potential

[geisha]

Wonder if this company has anything to do with the reported closure of all business actually present on Otres beach ??? They received eviction orders for end of March apparently.

[wabothai]

Sihanoukville will be a nice place run by Chinese and Malaysian mafioso.

[kinmaew]

I wonder what the Malaysian PM a corrupt utter DOG does with all that spare cash 1 B in his personal account from his Saudi mates? Perhaps use it in another corrupt country to build casinos?