How Aussie casino company’s $400m punt on Asia came unstuck

The closest legal gaming tables to Bangkok are a four-hour drive east, down a highway that leads to the Thai-Cambodian border. Just over the border is the frontier town of Poipet, a one-time war zone now in the midst of a gambling gold rush, with new casinos and hotels rising high above the streets.

Here in Cambodia’s “wild west”, certain businesses have discovered that catering to Thai gamblers is a decidedly lucrative line of work. Gambling is banned in Thailand, but the drive to Poipet is smooth and comfortable.

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