Originally Posted by GordMay
Enjoy it while you can.
US CONSORTIUM PLANS US$100 MILLION CASINO RESORT FOR ISLANDS
➥ new frontiers
THE Cambodian government is negotiating with a US-based business group, which proposes “large-scale’’ tourist development of two islands in the Gulf of Thailand, according to officials. Deputy Tourism Minister Thong Khon said Island Development Group Inc., a consortium from Las Vegas, Nevada, has proposed investing US$100 million to build a casino and hotel resort on Rung and Rung Sanleum islands.
Most if not all the local islands have been signed up on 99 year development leases. Koj Pous is either finished or nearly finished, including a road bridge from the mainland to the island (I'm not sure this has made the local charts
as yet - it might be considered something of an itsy-titsy hazard to shipping
, like I have something in my rigging).
Development on the other islands has wither not started or significantly reduced/delayed. This is a combination of events
, from the Global slow down, the arrival of a significant onshore development to the commissioning of the new extended runway at Sihanoukville which will enable international flights. There are calls on the government
to review some of the stall projects: The deputy director i\of the Cambodian Investment Board issued a warning to the investors, hoping the delays on 99year projects will be brief. The government is also under pressure from environmentalist over the impact these developments will have on the ecology - several proposed 18 hole golf courses which would have seen much of the virgin forests cut down..
What will be interesting to see if visiting yachts will be welcomed on these proposed destination
islands - will the potential new restaurant customers win over he 'get out of our exclusive bay' mentality. Someone with more Caribbean
Resort experience might be able to add pointers here. Maybe I need to drop a line to Sboang Sarath, the governor of Preah Sihanouk province, to ask how cruising will be accommodated/promoted in this area. Potentially, the waters here have lots to offer.