Tuesday, February 16, 2010

Titan King Casino To Open In Cambodia On February 26th

There is no part of the world that is being left without casino gambling in the latest effort to create a global industry. The latest country to receive a new casino will be Cambodia, where the Titan King Casino will open at the end of the month.

The casino will be located in Bavet on February 26th. The casino will employee over 6,000 workers, and will be located near the border of Vietnam. It is expected to draw thousands of tourists to Cambodia.

"Most gamblers will be Vietnamese but my goal is also to attract people from other countries," said Kith Thieng, the owner of the new facility, to Reuters, "I want to promote the fact that Cambodia has enough places for entertainment."

Cambodia is just the latest of many countries that is expanding their casino industries. Singapore had their first casino open last weekend when Resorts World Sentosa was opened by the Genting Group. The Group is based out of Malaysia, and has expressed interest in buying casinos in the US.

Macau has become the biggest gambling destination in the world in a period of less than a decade. They opened up the industry from a monopoly that Stanley Ho held, and have brought some of the top developers from the US. Wynn Resorts, Las Vegas Sands, and MGM Mirage all have properties in Macau.

In the US, the casino industry is growing, but its most storied gambling destinations are struggling. Las Vegas and Atlantic City have both been hurt by increased competition and a struggling economy.

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