Virtue Resources Corp is set to build a 50 hectare casino resort in Bavet City, Cambodia, close to the border with Vietnam.
Cambodia.- Casino developer Virtue Resources Corp announced the construction of an upcoming US$200 million casino resort in Cambodia neat the border crossing with Vietnam. The Empire World City casino resort will be located in a 50 hectare land.
As revealed by Khmer Times, officials from the company reported that they decided to build the casino resort in Cambodia because they think that there’s a big potential over the next ten years, and that they expect to contribute with that trend by creating at least 3000 new jobs. Empire World City is set to increase the local economy by bringing neighboring Vietnamese players. “We going to kick start this project by starting the leverage work and we estimate by end of this year we can start the construction. The total time for the development and completion of Empire World City will be 10 years. We are doing this mega project because we saw the potential of economic growth in Cambodia for the next 10 years,” said Chew, CEO of the upcoming gambling facility.
The construction process is set to start sometime this year and they expect to inaugurate the first phase by the last months of 2019. The facility will feature a casino, an online casino hub, an hotel & resort and retail stores.