Could Sihanoukville be Asia’s next gambling hub?

In a promotional video more akin to a trailer for a Hollywood blockbuster movie than the launch of a new development project, Malaysia-based SV International revealed plans to transform the sleepy coastal town of Sihanoukville, Cambodia, into the “Macau of Southeast Asia.” In the video, SV International said it would be “bulk acquiring every potential development lot” in the town’s port area, and was “purchasing existing hotels for renovation and equipping them with gaming licenses.” The firm, which was only incorporated last December and awarded a gaming license by the Council of Ministers in March, also plans to operate online gaming platforms, nightclubs, karaoke bars, massage parlors and dog racing. The grand design, according to the video, is for SV International to expand its presence across Sihanoukville and build a casino city based on the Macau model. And while the plans, and indeed the video, are impressive and eye-catching in...

Intelligence Articles is a premium content section developed for AGB members only featuring in-depth articles on relevant items of interest across the multiple Asia Pacific Gaming jurisdictions. To continue reading, subscribe now.