Thailand Military Coup Provokes Mini Casino Boom in Cambodia

Thailand Military Coup Provokes Mini Casino Boom in Cambodia

The Poipet Strip: nine tiny gambling enterprises in a gambling no-man’s-land between the Cambodian and Thai passport control counters. (Image:

While last month’s army coup in Thailand, which toppled the democratically elected government, may be a cause for concern to the community that is international it’s reportedly been a huge boon to the little Cambodian gambling city of Poipet, just across the border. Poipet has for ages been a destination that is popular the people of Thailand, where gambling on anything apart from domestic horseracing and the national lottery is illegal, despite a general enthusiasm among the population.

Nevertheless, the newest junta that is military authoritarian crackdown on illegal gambling enterprises and gambling dens in Thailand is directing the former customers of the regrettable establishments eagerly towards the dining table games of Poipet.

Cambodia itself has a (loosely enforced) no-gambling policy but, fortunately for all involved, Poipet’s casino strip, containing nine smallish casinos, is cunningly situated in a type of gambling no-man’s-land between your Cambodian and Thai passport control counters.

Military Shut Down of Illegal Gambling

The influx stays something of a shock to the Poipet operators, however, because into the days following the coup they stated that the quantity of people to the town had dropped significantly. At the start of June, managing di Continue reading “Thailand Military Coup Provokes Mini Casino Boom in Cambodia”

Jersey City $4.6 Billion Casino Resort Proposed for North Jersey

Jersey City $4.6 Billion Casino Resort Proposed for North Jersey

A casino in Jersey City could fight off competition from nyc in the Garden State casino market (Image:

Venture capitalist Paul Fireman wants to construct a $4.6 billion casino resort in Jersey City, according to reports by the brand new Jersey press. State Governor Chris Christie recently declared his openness to your expansion of casino video gaming into North Jersey, plus it appears Fireman, who is A ceo that is former of and today runs Fireman Capital Partners, is working difficult to make it work well.

The businessman has been meeting with New Jersey politicians over the past thirty days to discuss their proposal for a 95-story hotel and casino increasing above New York Harbor that will also feature a motorsports stadium and ‘the largest Ferris wheel in the world.’

Atlantic City, that has always had the monopoly on casino gaming since the first home exposed there in 1978, has lately been in dire financial straits. Despite injections of money and a plan that is five-year rejuvenate the town, spearheaded by Governor Christie in 2011, its casino market didn’t bounce back through the recession, as had been hoped.

Furthermore, it has been hit hard by new competition from neighboring states such as for example Pennsylvania, which has superseded brand New Jersey as the 2nd casino market that is biggest in the US, after Nevada. Even though Atlantic City casinos like The Showboat and Revel cont Continue reading “Jersey City $4.6 Billion Casino Resort Proposed for North Jersey”