But He believes there is a great future after the pandemic. He is waiting for the return of Chinese money to support the city’s expansion. He is so sure he has added gold toilets to his casino’s restrooms.
After several years of booming construction and rising foreign investment, the hot streak for the Cambodian beach town of Sihanoukville has gone cold. In late December, Cambodian Prime Minister Hun Sen announced a permanent ban on online gambling, leaving thousands of Cambodian workers jobless.
Major General Chuon Narin, the province’s top cop, said “most of the casinos here became bankrupt” after the online ban took effect. The government previously stated that there were over 70 casinos in the Sihanoukville region before the ban but that number has since dwindled to around 20 as owners determined that their operations – some of which derived up to 90% of their revenue online – were no longer profitable.
Sihanoukville has opened its newest casino, and it has Cambodian officials excited about the economic opportunity it will bring. The Goddess of Liberty Casino opened on October 30, with government dignitaries on hand to celebrate.