December 14, 2011

Queenco involved in hotel and casino project in Cambodia


Queenco Leisure International, a developer, owner and operator of casinos and resorts, has signed a joint venture agreement in Cambodia.

It will involve a local partner and has been formed for the carrying out of hotel, casino, as well as other associated businesses at the Holiday Palace Hotel in Sihanoukville, Cambodia.

The first stage of the project, which is comprised of the opening of a casino with 130 gaming machines as well as a 60 room hotel which is adjacent to the existing hotel, will begin within a month.

The second stage will be to renovate, improve and extend the existing hotel and open another casino.

Queenco will hold indirectly, through subsidiaries, 70% of the venture.


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