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Cambodia to Open Its Own Casino

Cambodia to Open it's Own Casino

Although the casino industry of the United States is down, it does not mean that the same goes for the rest of the world. In fact, Singapore has just recently opened its own casino, and now, another country in Asia is set to launch its hundred million– dollar casino complex, with hopes to rival that of the other casinos in Asia like Macau and Singapore.

The Titan King Casino

Kith Thieng, a business tycoon in Cambodia, has invested a lot in this hundred million– dollar project, and the opening of the Titan King Casino is said to be set on February 26, 2010. The Titan King Casino can be found in the Province of Svay Rieng, in Bavet, to be precise and is located only about seventy– five miles from the City of Phnom Penh.

This casino spans an area of 2.5 hectares and boasts of more than six thousand employees under its wings. The owner of the Titan King Casino is well– known in the entertainment industry, especially since his businesses encompass hotels and restaurants. His businesses also include banking and television stations, and he also owns a mobile phone company.

A Helping Hand in Cambodia's Economy

One of the major aims of the government of Cambodia is to push their country into becoming one of the top tourist destinations in Asia. Although their country is mainly known for their historical and archeological sites, it does not mean that they have to be limited by this; hence, the launching of their very own casino this month. In fact, both Thieng and the Cambodian government has invested a lot into this project, hoping that this will be their stepping stone to becoming one of the most visited countries in the continent. Furthermore, they know just how big the economical impact of this venture will be in terms of revenues and business and job opportunities, especially since the world is going through financially troubled times.

Of course, with gambling becoming this accessible to many locals as well as foreigners in Cambodia, it cannot be denied that this big venture will meet some opposition who are against gambling in general. But then again, when one thinks about the huge impact this will have on the country, it cannot be denied, too, that this will surely boost the economy of Cambodia and propel the country into becoming a country for entertainment.

With Titan King Casino in Bavet, hopes are placed that this will be the Las Vegas of Asia.

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