$3 Billion Resort for Sihanoukville

[geovalin]

A group of Chinese investors plan to establish a $3 billion international resort center in Sihanoukville province to tap into the Kingdom’s burgeoning tourism industry. The $3 billion investment comes from a China-based consortium in the Cambodia Golden Silver Gulf Resort project.

A representative of East Union Silk Road, one of the joint-venture investment companies in the project said the resort would cover 337 hectares of land with $3 billion worth of investments in a large tourism area. Chhit Sengnguon, vice governor of Sihanouk province, said yesterday that though his office had not confirmed the project, he, however, welcomed it.

“We need more investments for our tourism sector to attract more people from overseas to our province,” said Mr. Sengnguon. Mr. Sengnguon said Sihanouk provincial hall was not authorized to approve projects valued over $2 million and added that Cambodia Golden Silver Gulf Resort had to receive the green light from the Council for Development of Cambodia.

read more http://www.khmertimeskh.com/news/26614/-3-billion-resort-for-sihanoukville/

[jippytum]

Sihanoukville is a fun place with a beautiful coastline and beaches.However all the raw sewage from beach side bars and restaurants flows directly into the ocean . I hope the Chinese will spend some of their investment on a proper drainage system to help the environment.

[Pdavies99]

Chinese investment = no more tourists, except Chinese!

Still at least they are big spenders. yes?

[ggt]

I have been to Phnom Penh but never to Sihanoukville...

Would someone take a moment and tell me why I should...or should not...go there for a visit?

I was not too impressed with Phnom Penh...what is the big attraction in Sihanoukville?

[whaleboneman]

Sihanoukville is a fun place with a beautiful coastline and beaches.However all the raw sewage from beach side bars and restaurants flows directly into the ocean . I hope the Chinese will spend some of their investment on a proper drainage system to help the environment.

The Chinese aren't noted for their environmental concerns.

[ozyjon]

[GOLDBUGGY]

I know that they opened on 242 Acres Waterfront Casino Resort in Louisiana USA recently with 740 Guest Rooms and Suites on 25 floors, and includes a 18-Hole Golf Course and over 30,000-square-feet of meeting place for shops and bars and whatever, plus the Casino. There final and total cost was about $600 Million US Dollars.

The most expensive Casino and Resort Hotel ever build is the Marina Bay Sands Casino-Resort with 2,550 Hotel Rooms and Suites in over 1.3 Million Square-Feet of living space and over 800,000-square-feet for meeting places, which includes a skating rink. The Casino alone is over 160,000 -square-feet with 500 Gaming Tables and 1,600 slots. The total cost including the land in Singapore was $8 Billion Singapore Dollars or about $5.9 Billion US Dollars.

So somehow spending $3 Billion Dollars for a Resort in Sihanoukville and compared to Singapore or the USA just doesn't seem feasible to me. Maybe if they knock one zero off of this estimate they would be closer to the real one. Spending $3 Billion Dollars for a Casino Resort in Singapore or Los Vegas....sure! But in Sihanoukville?

Better to use some of this money getting a Gambling License first, then to build an airport and some roads, so you have a way of getting the tourist their. It would be difficult to attract 25,000 people daily, like the Marina Sands does, and squeeze them all into Minivans down Bumpy Roads, even if they are all Chinese.

[uthaithanirules]

I know that they opened on 242 Acres Waterfront Casino Resort in Louisiana USA recently with 740 Guest Rooms and Suites on 25 floors, and includes a 18-Hole Golf Course and over 30,000-square-feet of meeting place for shops and bars and whatever, plus the Casino. There final and total cost was about $600 Million US Dollars.

The most expensive Casino and Resort Hotel ever build is the Marina Bay Sands Casino-Resort with 2,550 Hotel Rooms and Suites in over 1.3 Million Square-Feet of living space and over 800,000-square-feet for meeting places, which includes a skating rink. The Casino alone is over 160,000 -square-feet with 500 Gaming Tables and 1,600 slots. The total cost including the land in Singapore was $8 Billion Singapore Dollars or about $5.9 Billion US Dollars.

So somehow spending $3 Billion Dollars for a Resort in Sihanoukville and compared to Singapore or the USA just doesn't seem feasible to me. Maybe if they knock one zero off of this estimate they would be closer to the real one. Spending $3 Billion Dollars for a Casino Resort in Singapore or Los Vegas....sure! But in Sihanoukville?

Better to use some of this money getting a Gambling License first, then to build an airport and some roads, so you have a way of getting the tourist their. It would be difficult to attract 25,000 people daily, like the Marina Sands does, and squeeze them all into Minivans down Bumpy Roads, even if they are all Chinese.

Yes, $3 billion sounded a bit extraordinary to me, especially there,m with hardly any matching infrastructure to support it

Unless thats whats included in the cost, all the extra infrastructure required to support it, but that doesnt sound very Chinese-ey

[catinthehat]

I know that they opened on 242 Acres Waterfront Casino Resort in Louisiana USA recently with 740 Guest Rooms and Suites on 25 floors, and includes a 18-Hole Golf Course and over 30,000-square-feet of meeting place for shops and bars and whatever, plus the Casino. There final and total cost was about $600 Million US Dollars.

The most expensive Casino and Resort Hotel ever build is the Marina Bay Sands Casino-Resort with 2,550 Hotel Rooms and Suites in over 1.3 Million Square-Feet of living space and over 800,000-square-feet for meeting places, which includes a skating rink. The Casino alone is over 160,000 -square-feet with 500 Gaming Tables and 1,600 slots. The total cost including the land in Singapore was $8 Billion Singapore Dollars or about $5.9 Billion US Dollars.

So somehow spending $3 Billion Dollars for a Resort in Sihanoukville and compared to Singapore or the USA just doesn't seem feasible to me. Maybe if they knock one zero off of this estimate they would be closer to the real one. Spending $3 Billion Dollars for a Casino Resort in Singapore or Los Vegas....sure! But in Sihanoukville?

Better to use some of this money getting a Gambling License first, then to build an airport and some roads, so you have a way of getting the tourist their. It would be difficult to attract 25,000 people daily, like the Marina Sands does, and squeeze them all into Minivans down Bumpy Roads, even if they are all Chinese.

This is all "Black" Money thhat the current Chinese President is chasing out. The delta in the numbers will be the laundered amount. Same thing happened with the recently opened Lotte project in Hanoi.

[catinthehat]

I know that they opened on 242 Acres Waterfront Casino Resort in Louisiana USA recently with 740 Guest Rooms and Suites on 25 floors, and includes a 18-Hole Golf Course and over 30,000-square-feet of meeting place for shops and bars and whatever, plus the Casino. There final and total cost was about $600 Million US Dollars.

The most expensive Casino and Resort Hotel ever build is the Marina Bay Sands Casino-Resort with 2,550 Hotel Rooms and Suites in over 1.3 Million Square-Feet of living space and over 800,000-square-feet for meeting places, which includes a skating rink. The Casino alone is over 160,000 -square-feet with 500 Gaming Tables and 1,600 slots. The total cost including the land in Singapore was $8 Billion Singapore Dollars or about $5.9 Billion US Dollars.

So somehow spending $3 Billion Dollars for a Resort in Sihanoukville and compared to Singapore or the USA just doesn't seem feasible to me. Maybe if they knock one zero off of this estimate they would be closer to the real one. Spending $3 Billion Dollars for a Casino Resort in Singapore or Los Vegas....sure! But in Sihanoukville?

Better to use some of this money getting a Gambling License first, then to build an airport and some roads, so you have a way of getting the tourist their. It would be difficult to attract 25,000 people daily, like the Marina Sands does, and squeeze them all into Minivans down Bumpy Roads, even if they are all Chinese.

This is all "Black" Money thhat the current Chinese President is chasing out. The delta in the numbers will be the laundered amount. Same thing happened with the recently opened Lotte project in Hanoi.

Samw thing is happening all over Laos. For example there are about 7 large malls planned or under construction in VTE. For years the only mall there was barely supported by the residents of VTE.

[jinners]

I have been to Phnom Penh but never to Sihanoukville...

Would someone take a moment and tell me why I should...or should not...go there for a visit?

I was not too impressed with Phnom Penh...what is the big attraction in Sihanoukville?

Great beaches, good food, clean water, cheap beer, plenty choices for bars/eating out. Nothing at all like Phenom Phen

[anotheruser]

I know that they opened on 242 Acres Waterfront Casino Resort in Louisiana USA recently with 740 Guest Rooms and Suites on 25 floors, and includes a 18-Hole Golf Course and over 30,000-square-feet of meeting place for shops and bars and whatever, plus the Casino. There final and total cost was about $600 Million US Dollars.

The most expensive Casino and Resort Hotel ever build is the Marina Bay Sands Casino-Resort with 2,550 Hotel Rooms and Suites in over 1.3 Million Square-Feet of living space and over 800,000-square-feet for meeting places, which includes a skating rink. The Casino alone is over 160,000 -square-feet with 500 Gaming Tables and 1,600 slots. The total cost including the land in Singapore was $8 Billion Singapore Dollars or about $5.9 Billion US Dollars.

So somehow spending $3 Billion Dollars for a Resort in Sihanoukville and compared to Singapore or the USA just doesn't seem feasible to me. Maybe if they knock one zero off of this estimate they would be closer to the real one. Spending $3 Billion Dollars for a Casino Resort in Singapore or Los Vegas....sure! But in Sihanoukville?

Better to use some of this money getting a Gambling License first, then to build an airport and some roads, so you have a way of getting the tourist their. It would be difficult to attract 25,000 people daily, like the Marina Sands does, and squeeze them all into Minivans down Bumpy Roads, even if they are all Chinese.

This is all "Black" Money thhat the current Chinese President is chasing out. The delta in the numbers will be the laundered amount. Same thing happened with the recently opened Lotte project in Hanoi.

Samw thing is happening all over Laos. For example there are about 7 large malls planned or under construction in VTE. For years the only mall there was barely supported by the residents of VTE.

The only 'mall' for years only sold the same junk you could find anywhere else and was only really a mall in name. I do agree however that some of these new mall projects aren't going to make it. There simply isn't the population base in Laos to support such a density.

The Thailand model of build a new mall anywhere you can simply won't work in a city of a few hundred thousand people. The 'world trade center' they are building will be consigned to the fate of the attempts at skyscrapers we have seen built in PP already.

As far as the Chinese casino goes let them do it. I am guessing it is the Russians project which was originally a 1 billion dollar project with a few five star hotels and whatever. This won't impact the normal death pats, sex pats, drunks, normal families, etc.

It isn't a place anybody went to anyway. Good luck to them there isn't much you could possibly do to Snooky to make it any worse than it is. Only a line of bulldozers put blade down in low gear, could possibly improve upon what is there.

FWIW I personally know the owner of the happy beach place in the pic and I would simply avoid it. Richies bar is a good hang out if you are looking for that sort of thing on the beach as is Blame Canada.