Poipet Casino Grand Opening Set for Next Month

U.S.-listed gambling firm Entertainment Gaming Asia Inc. (EGA) will next month hold a grand opening for its second casino on the Thai-Cambodia border, the company said.

In a statement issued on Monday from Hong Kong, it said that the Dreamworld Club in Poipet, which has been partly open since March 28, would be holding its grand opening on May 9.

According to the statement, EGA has invested $7.5 million in the new project, which houses 300 gaming machines in a nearly 1,500-square-meter site.

“Our entrance into the established and growing gaming market of Poipet is a positive step in our strategy to become a leading developer and operator of re­gional casinos and gaming venues in Indo-China,” Clarence Chung, EGA chairman and chief executive officer, said in the statement.

“Further, we continue our ef­forts to be a responsible citizen in Cambodia and contribute to the growth of its economy.

“We are proud that our gaming operations in the country have created over 700 jobs to-date,” he added.

EGA opened its first Cambodian gaming venue, Dreamworld Pailin in May, and that operation made the company $1.3 million in revenue in the last three months of 2012.

The company, which is listed on the New York stockmarket, NASDAQ,and is backed by Macau-based Melco International Development Limited, also supplies slot machines to the NagaWorld and Thansur Bokor casinos.

A number of casinos operate in towns on Cambodia’s borders with Vietnam and Thailand, taking advantage of the laws in those countries, which, like Cambodia, prohibit locals from gambling.

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