Casino sold to relative of CPP lawmaker

30 June 2014
The Cambodia Daily
Government / Industries / Provincial and local governments / Tourism
Ban Kea / Ban Sreymom / Dreamworld Casino / Entertainment Gaming Asia / Melco International Development / Sao Sarat / Thailand / Y Chhean

Entertainment Gaming Asia (EGA) last week sold Dreamworld Casino in Pailin province for $500,000 to a relative of the CPP lawmaker—and wife of former provincial governor Y Chhean—who owns the land on which the company built the casino, according to a press release Thursday. The gaming company wrote off its entire $2.5-million investment in the venture in January. Despite reducing operating losses in recent months, ongoing political unrest in Thailand compounded declining cross border traffic, prompting the company to bow out of Pailin altogether, the statement says. …

 Hul Reaksmey and Simon Henderson
http://www.cambodiadaily.com/business/dreamworld-casino-sold-to-relative-of-cpp-lawmaker-62750/