Australian firm bets on Bavet

28 May 2014
The Phnom Penh Post
Economic policy and administration / Economy and commerce / Foreign investors / Industries / Investment / Tourism
ASX / Australian stock exchange / Australian-listed Cell Aquaculture / Bavet International Border Gate / Bavet town / CAQ / Chinese aid / Haikou Free Trade Zone / Hainan Island / Hor Chenda / Richard Soo / Roxy Casino

Australian-listed Cell Aquaculture (CAQ) – a onetime a marine technology company – has purchased a casino on the Cambodia-Vietnam border in a bid to generate much-needed revenue after nearing bankruptcy in 2013. On May 26, CAQ announced in a statement to the Australian Stock Exchange that it had hosted a soft opening for the Roxy Casino, which is located 200 metres from the border crossing in Bavet town, after a full renovation and refurbishment of the once-defunct operation. …

 Eddie Morton
http://www.phnompenhpost.com/business/australian-firm-bets-bavet