SV International Sdn Bhd states on a promotional video it received the approval from Cambodia’s Council of Ministers to develop hotels and casinos in the Asian country.
Macau Legend Development Ltd decided to sell the facility after the gambling hub’s casino industry experience a drop of 34.3 percent in gross gaming revenue during 2015.
Due to budgetary issues, Goa’s government is considering to allow offshore casinos to continue their operations.
PAGCOR declared that out of the US$81 million that entered the Philippines, only US$46 million ended up in the local casino industry.
The world’s largest gaming zone is also accused of being an “attractive target” for terrorism, according to Steve Vickers and Associates Ltd.
The projected venue located in Incheon, near Seoul, was given the green light by the government in 2014.