Thu Jul 29, 2010
By Prak Chan Thul
PHNOM PENH (Reuters) - A South Korean real-estate developer is to build a $400 million integrated resort and casino in Cambodia to target the growing number of Chinese visitors to Southeast Asia and its burgeoning gambling sector.
The resort will be in Siem Reap province, 314 km (195 miles) northwest of the capital Phnom Penh, which attracts over a million tourists a year to its famed Angkor temples, James Cho, vice-president of Intercity Group, told Reuters in an interview.
Construction of the Water Park complex, with hotels, a gaming centre, shopping and convention centres and an 18-hole golf course, will start in October and it should open in early 2012.
Cho said it aimed in particular to draw visitors from other Asian countries, including Thais, Malaysians and Singaporeans.
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