[PHNOM PENH POST]
Queenco Leisure International Ltd has launched the first phase of its
US$30 million hotel and casino project in Sihanoukville, according to
industry trade publication InterGame Online.
On December 31,
Queenco opened a 60-room hotel and adjoining casino equipped with 130
slot machines, gaming tables and a health spa, according to InterGame.
The
company, which holds a 70 per cent stake in the project and is listed
in both London and Tel Aviv, took over the Holiday Palace in 2010 to
renovate and expand the property, the Post previously reported.
Queenco
also purchased 9 hectares of undeveloped beachfront property in 2008
for $10 million, and as of 2010 planned to begin development towards the
end of 2011, the Post reported.
Queenco management could not be reached for comment on the opening or the land development.
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