In light of the present revenue of the casinos in Macao , and the recent opening of the first casino in Singapore, a new player is emerging to the forefront of the gaming market in Southeast Asia, Cambodia . A billionaire originally from this small East is planning to open a new casino-resort near the border with Vietnam in order to further grow the industry local tourism. The Titan King
Casino, a project worth $ 100 million, expected to open in the month of February 2010 in the town of Bavet, 75 miles from the capital Phnom Penh . The casino-resort complex covers an area of \u200b\u200b6 acres and offers 6,000 employment opportunities for local residents. The location chosen for this structure makes it easily accessible to players from neighboring states such as Thailand and Vietnam, which have more restrictive laws regarding betting.
Entrepreneur cambodian Thieng Kith, the man who gave birth to the Titan King Casino , Expressed the hope that this new destination will play a bit 'to relieve the financial difficulties suffered by the region since the start of the global crisis. Mr. Thieng has built much of his fortune through hotels and restaurants, and now he plans to build on the experience to handle the new Titan King.
Thieng also compared Bavet in Macao and Las Vegas as a destination for the game, in particular due to the fact that attracts many visitors from neighboring Thailand. He stressed that the casino industry in the region has recently suffered from tensions between the two nations, but he expects that business will improve by 30% once you start global economic recovery.
In recent years, Cambodia has tried to move towards an economy based on tourism rather than agriculture. The opening of the Titan King will bring to 30 the total number of casinos in the country and Mr Thieng has set itself the objective of the Titan King quote on the stock exchange later this year
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