I wonder whether investors into these casinos thought they owned the assets, but in actual fact there were no assets and basically nothing on the books whatsoever, and maybe there was some sort of deal with the actual land owners. Maybe that kind of makes more sense when you see what has happened to the Macau casinos over the last year who have been really hit by the anti corruption push.
''A local hotel owner claimed that one Chinese outfit had leased the 38-room DD Mark II hotel to house its workers, who work “24/7 in three or four shifts.” A nearby guesthouse has been rented to house the actual live dealer casino operations.
This kind of setup is actually illegal, as Cambodian law requires live dealer operations to be housed inside a licensed gaming venue. Opposition lawmaker Son Chhay suggested these operators may have “bribed the government oficials to not arrest them or stop their business from operating.”
Another group of Chinese investors is reportedly plowing $50m into their local live dealer operations. The group plans to install casinos in the White Sand Palace and Golden Sand hotels and is reportedly converting many of the White Sand Palace’s 300 rooms into “mini online gaming rooms” with separate broadband internet connections.
Perfectly poised to capitalize on this boom is Cambodian casino operator Start Live Casino, which recently began streaming live dealer games from its Lucky89 and Lucky Ruby casinos in Svay Rieng province. Start Live Casino has developed all its technology in-house and is likely sniffing around Sihanoukville for potential new clients as we speak''
http://calvinayre.com/2015/11/07/busine ... e-casinos/