$200M, 124-acre casino/resort is being planned in Bavet, Cambodia

$200M, 124-acre casino/resort is being planned in Bavet, Cambodia

April 20, 2017 9:01 AM

A $200 million, 124-acre casino/resort is being planned in Bavet, Cambodia, reports the Khmer Times newspaper.

The developer was identified by the news outlet as a firm called Virtue Resources Corp. The resort would be known as Empire World City and is near Vietnam’s Moc Bai border crossing to Cambodia.

Plans call for a hotel, a shopping mall and a “water show arena”.

The Khmer Times, as monitored by the website ggrasia.com, said two memorandums of understanding on the Empire World City project had been signed on April 13 at the Sokha Phnom Penh Hotel, in the Cambodian capital. The report said a ceremonial ground-breaking had been held in Bavet on April 14.

The news outlet quoted executives linked to the developer as saying project financing efforts were under way, with the hopes of starting construction by the end of 2017.

Under Cambodian law, citizens are barred from using the country’s casinos. Existing gaming operations on Cambodia’s borders serve customers from Thailand (where casinos are banned) and Vietnam (which has casinos but bans access by locals).

Bavet is the largest city in Svay Rieng Province and is one of the poorest provinces of Cambodia despite serving as international border gate between Cambodia and Vietnam.