Casino operator Macau Legend Development Ltd recently announced plans to expand its business portfolio in Cambodia, Laos, and Vietnam.
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Speaking to a group of reporters at the G2E Asia conference early this week, Macau Legend executive director Sheldon Trainor-DeGirolamo said his company is eying expansions in Southeast Asia, particularly Laos, Cambodia, and Vietnam.
Early this year, the company announced that it had purchased Cambodian firm Howing Enterprises Co Ltd, which was worth about $90 million.
The company also said it planned to develop an integrated resort in Siem Reap province.
“I think the project can be done without a casino. If we are allowed to build a casino, fine. If not we can pick up an asset somewhere else,” he said.
The government is now drafting a law to govern the casino and gambling business, and hopes to finish it soon. Officials say it will help increase tax revenue.
Last year, 150 gambling licenses were granted to casinos in Cambodia, an increase from 2017’s 98.