The Khmer Times today tells us "Dara Sakor International Airport in Koh Kong is to be completed" within 30 days.
I recall measuring the earth works for the airport runways a few years ago on Google Earth, but just now I couldn't find them. Does anyone know the co-ordinates? (Easy to find before talk of Military bases, now locating it is like zooming in to former NATO bases in Afghanistan. Does Google charge much to do that?)
The 'former' National Park area, particularly along the coast, does look to have plenty of resort casino/ Chinese City potential, so I'm sure a bunch of nice places will get finished, well..., after some Evergrande delay.
Has anyone on the forum visited? (Some island tourist businesses look built and functioning.)
Co ordinates for Dara Sakor airport? Opens in a few weeks!
You should realize, the exact figure percentages do not refer to the completion of the actual work, but refer to the % of the budget spent. So, it could very well be, that once they reach 100%, calculation stops and there is no airport.........Guest9999 wrote: ↑Wed Sep 22, 2021 3:05 amThe Khmer Times today tells us "Dara Sakor International Airport in Koh Kong is to be completed" within 30 days.
I recall measuring the earth works for the airport runways a few years ago on Google Earth, but just now I couldn't find them. Does anyone know the co-ordinates? (Easy to find before talk of Military bases, now locating it is like zooming in to former NATO bases in Afghanistan. Does Google charge much to do that?)
The 'former' National Park area, particularly along the coast, does look to have plenty of resort casino/ Chinese City potential, so I'm sure a bunch of nice places will get finished, well..., after some Evergrande delay.
Has anyone on the forum visited? (Some island tourist businesses look built and functioning.)
https://www.google.com/maps/place/Dara+ ... 821,1111m/Guest9999 wrote: ↑Wed Sep 22, 2021 3:05 amThe Khmer Times today tells us "Dara Sakor International Airport in Koh Kong is to be completed" within 30 days.
I recall measuring the earth works for the airport runways a few years ago on Google Earth, but just now I couldn't find them. Does anyone know the co-ordinates? (Easy to find before talk of Military bases, now locating it is like zooming in to former NATO bases in Afghanistan. Does Google charge much to do that?)
The 'former' National Park area, particularly along the coast, does look to have plenty of resort casino/ Chinese City potential, so I'm sure a bunch of nice places will get finished, well..., after some Evergrande delay.
Has anyone on the forum visited? (Some island tourist businesses look built and functioning.)
Here you go.
Yes visited earlier this year. Outside the terminal building looked like completed, inside work was still on going. Runways, apron was completed back then already.
Cheers for progress report and map location!
It does seem the image has been purposely degraded. Perhaps in 2017 it was easy to see, and now it has disappeared. Compare Sihanoukville airport, with clear satellite images from 2020 and StreetView pictures from June 2021.
Lots of easy to see construction at the resort, but all blurred out near the airport and port. Interesting though, I'm keen to go check it out. Maybe a January drive down along the Thai border from Samlot, Battambang!
It does seem the image has been purposely degraded. Perhaps in 2017 it was easy to see, and now it has disappeared. Compare Sihanoukville airport, with clear satellite images from 2020 and StreetView pictures from June 2021.
Lots of easy to see construction at the resort, but all blurred out near the airport and port. Interesting though, I'm keen to go check it out. Maybe a January drive down along the Thai border from Samlot, Battambang!
What on earth are you on about?
Dara Sakor will not be a real commercial airport. And “the resort” is not a real resort.
Non Chinese not welcome, and even Chinese have to be of a certain, ummm, persuasion....
Dara Sakor will not be a real commercial airport. And “the resort” is not a real resort.
Non Chinese not welcome, and even Chinese have to be of a certain, ummm, persuasion....
Over hill,
Sihanoukville is no longer a normal city either, but by purposely ignoring much of what I used to like about the place, I had a pleasant enough 4 day visit this past Chinese New Year. How do you know Dara Sakor will not be like that?
Of course, I too have heard evidenced speculation that green or blue camo will be the clothing style of most and that large areas will be off limits to most, khmer or foreigners, but it is a massive development and the construction of costal resort areas is already impossible to miss on G Earth.
"ummmm, persuasion..." is a nice post ending, but could you say more clearly what you mean please. Thanks.
Sihanoukville is no longer a normal city either, but by purposely ignoring much of what I used to like about the place, I had a pleasant enough 4 day visit this past Chinese New Year. How do you know Dara Sakor will not be like that?
Of course, I too have heard evidenced speculation that green or blue camo will be the clothing style of most and that large areas will be off limits to most, khmer or foreigners, but it is a massive development and the construction of costal resort areas is already impossible to miss on G Earth.
"ummmm, persuasion..." is a nice post ending, but could you say more clearly what you mean please. Thanks.
- Bong Burgundy
- Where Did All the People Go?
- Reactions: 286
- Posts: 2500
- Joined: Sun Oct 29, 2017 12:20 pm
- Location: K440 Channel 4 News
Century Entertainment inks new five-year deal to operate eight gaming tables at Cambodian casino
Former Macau junket investor Century Entertainment International Holdings Ltd says it has signed a new five-year deal with its own Chairman and CEO, Ng Man Sun, to operate eight gaming tables at a casino in Dara Sakor, Cambodia.
The casino in question, which is owned by Ng, was previously located in Sihanoukville but relocated to the China-backed investment zone during the COVID-19 pandemic.
According to details filed by Century Entertainment, formerly known as Amax International Holdings, on Monday, the total consideration due for use of the eight gaming tables over the next five years is HK$58 million. However, this amount will be offset after Ng and Victor Mind Global Limited, a wholly-owned subsidiary of the company, reached an agreement in relation to profit guarantees under a previous agreement signed in 2019.
Century Entertainment said it had decided to enforce that profit guarantee due to it being unable to operate its gaming tables under the previous agreement as a result of the pandemic and relocation of Ng’s casino, with the two parties settling on compensation of HK$58 million – offsetting the amount owed under the new agreement.
In announcing its new deal, Century Entertainment revealed its eight gaming tables will be mass market tables offering mainly baccarat, with the company entitled to 100% of all winnings and responsible for 100% of all losses.
The casino itself comprises 7,000 square meters of gaming area, 20 mass gaming tables, 25 VIP tables, 50 electronic gaming machines and a Chinese restaurant.
Explaining its reasons for signing the new deal, Century Entertainment said it “sees attractive potential in the gaming market in Dara Sakor, Koh Kong Province, which is one of the most rapidly developing districts in Cambodia and is a well-known tourism destination in Southeast Asia.
“The New Casino at Dara Sakor is planned to be surrounded by luxury hotel resorts and a golf course. In addition, the new international airport close to the New Casino could also help attract visitors.
“Based on the preliminary valuation prepared by an Independent Valuer, the market value of the New Gaming Table Business Rights was approximately HK$63.6 million (US$8.1 million) as at 30 September 2022. As such, the Consideration represents a discount to the valuation of the New Gaming Table Business Rights of approximately 8.8%.
“In addition, the Consideration shall be settled by offsetting the net amount due from Mr. Ng and Lion King to the Group, which will not incur additional cash outflow to the Group.”
https://www.asgam.com/index.php/2023/02 ... an-casino/
Former Macau junket investor Century Entertainment International Holdings Ltd says it has signed a new five-year deal with its own Chairman and CEO, Ng Man Sun, to operate eight gaming tables at a casino in Dara Sakor, Cambodia.
The casino in question, which is owned by Ng, was previously located in Sihanoukville but relocated to the China-backed investment zone during the COVID-19 pandemic.
According to details filed by Century Entertainment, formerly known as Amax International Holdings, on Monday, the total consideration due for use of the eight gaming tables over the next five years is HK$58 million. However, this amount will be offset after Ng and Victor Mind Global Limited, a wholly-owned subsidiary of the company, reached an agreement in relation to profit guarantees under a previous agreement signed in 2019.
Century Entertainment said it had decided to enforce that profit guarantee due to it being unable to operate its gaming tables under the previous agreement as a result of the pandemic and relocation of Ng’s casino, with the two parties settling on compensation of HK$58 million – offsetting the amount owed under the new agreement.
In announcing its new deal, Century Entertainment revealed its eight gaming tables will be mass market tables offering mainly baccarat, with the company entitled to 100% of all winnings and responsible for 100% of all losses.
The casino itself comprises 7,000 square meters of gaming area, 20 mass gaming tables, 25 VIP tables, 50 electronic gaming machines and a Chinese restaurant.
Explaining its reasons for signing the new deal, Century Entertainment said it “sees attractive potential in the gaming market in Dara Sakor, Koh Kong Province, which is one of the most rapidly developing districts in Cambodia and is a well-known tourism destination in Southeast Asia.
“The New Casino at Dara Sakor is planned to be surrounded by luxury hotel resorts and a golf course. In addition, the new international airport close to the New Casino could also help attract visitors.
“Based on the preliminary valuation prepared by an Independent Valuer, the market value of the New Gaming Table Business Rights was approximately HK$63.6 million (US$8.1 million) as at 30 September 2022. As such, the Consideration represents a discount to the valuation of the New Gaming Table Business Rights of approximately 8.8%.
“In addition, the Consideration shall be settled by offsetting the net amount due from Mr. Ng and Lion King to the Group, which will not incur additional cash outflow to the Group.”
https://www.asgam.com/index.php/2023/02 ... an-casino/
Bringing the news. You stay classy, nas, Cambodia.
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Long (and damning) BBC report on Dara Sakor
by Bong Burgundy » Mon Sep 25, 2023 7:55 am » in Cambodia News - 0 Replies
- 4774 Views
-
Last post by Bong Burgundy
Mon Sep 25, 2023 7:55 am
-
-
- 5 Replies
- 1027 Views
-
Last post by Bong Burgundy
Fri Jun 16, 2023 10:18 am
-
- 3 Replies
- 1630 Views
-
Last post by 1984
Mon Jun 17, 2019 8:23 am
-
-
New concession in Botum Sakor National Park handed to Cambodia’s Royal Group
by Bong Burgundy » Wed Aug 23, 2023 5:51 am » in Cambodia News - 0 Replies
- 6097 Views
-
Last post by Bong Burgundy
Wed Aug 23, 2023 5:51 am
-
-
-
Tycoon Phirum Vichet Dara accused of beating woman and smashing her phone
by Bong Burgundy » Mon Aug 24, 2020 2:26 pm » in Cambodia News - 3 Replies
- 2075 Views
-
Last post by Guest
Mon Aug 24, 2020 5:11 pm
-