6 Oct 2000
CAMBODIA - Malaysia's business conglomerate, Ariston, has plans to develop an integrated complex in Phnom Penh, Cambodia.
The new complex, called Nexus Naga Casino Resorts, will comprise a 750-room five-star hotel and casino block with 40 gaming modules. It will also have a nightclub, entertainment arcade, a grand ballroom, health and fitness centre and a shopping arcade.
Estimated cost of the project is about US$100 million.
Construction is expected to begin next month and be completed in mid-2002 in time for the ASEAN heads of government meeting scheduled for November that year.
Ariston presently operates a casino in Phnom Penh through Naga Resorts and Casinos. It is on board a seven-storey floating barge moored on the Mekong River next to the Sofitel Cambodiana Hotel in Phnom Penh.