We developed and operate Dreamworld Poipet, a stand-alone slot hall in an existing casino in a prominent location in Poipet in Northwestern Cambodia near the Thailand border.
Poipet is one of the most significant border crossings between Cambodia and Thailand (approximately five hours from Phnom Penh and three hours from Bangkok by car) and an established gaming market with limited real estate for future gaming development.
Soft opening March 28, 2013 with 300 EGM seats
The capital investment by us is estimated at approximately $7.5 million (funded internally) for the design and construction, and casino equipment
We have exclusive management control of the slot hallís development and business operation
We and the casino owner split the net average net win per machine generated by the EGMs in our slot hall and certain operating costs in the ratio of 40% and 60%, respectively
The contract term is 5 years with a 5-year renewal option