There is an interesting background to the Cambodia casinos that lie just across the border from neighboring Thailand, where casino gambling is illegal. Eight casinos are situated in a relatively small area in the city of Poipet in Cambodia. This conclave of Cambodia casinos is in a prime location, a three to four drive from Bangkok and Macao, the two biggest gambling centers in Asia. Cambodia casinos do a thriving business with Thai workers and visitors from Malaysia, Japan, South Korea, and Singapore, with only very few Westerners. The phenomenal income gained from the casinos ranges from $7.5 million to over 12.5 million, and there are few restrictions or registration requirements for casino ownership. Ownership is presumed to be largely Thai; however, investment sources are vague. The borders are officially open from 9:00 a.m. to 5:00 p.m., and although visas are supposedly required to cross, there are ways around this, as is true of most border crossings.
The first Cambodia casinos opened in Phnom Penh in 1994, but were forced to close in 1998, leaving only one casino in the capital, the Naga Resort. The Naga, a stationary boat casino, features 150 slots and sixty...
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