The company plans a seafront resort centered on a casino.
Globes' correspondent
7 Feb 08 12:18
Casino builder and operator Queenco Leisure International Ltd. (QLI) (AIM:QLI) has bought a 22.5-acre lot for $10 million in the Cambodian coastal resort of Sihanoukville for the development of a beachfront casino.
QLI has already bought a 120-acre lot in Sihanoukville, which the Cambodian is developing, including the expansion of local airport to handle international flights. The company plans to develop a full-service resort centered on the casino, which will include hotels, conference centers, and other attractions.
QLI CEO Dror Mizeretz said, "I am delighted that QLI has been able to acquire such an ideal location for developing a new resort and casino complex. Along with the expansion of Sihanoukville's airport, the area is being transformed as a tourist destination, with a growing local economy, as both foreign and domestic investors recognize the future potential of the area."
Globes' correspondent
7 Feb 08 12:18
Casino builder and operator Queenco Leisure International Ltd. (QLI) (AIM:QLI) has bought a 22.5-acre lot for $10 million in the Cambodian coastal resort of Sihanoukville for the development of a beachfront casino.
QLI has already bought a 120-acre lot in Sihanoukville, which the Cambodian is developing, including the expansion of local airport to handle international flights. The company plans to develop a full-service resort centered on the casino, which will include hotels, conference centers, and other attractions.
QLI CEO Dror Mizeretz said, "I am delighted that QLI has been able to acquire such an ideal location for developing a new resort and casino complex. Along with the expansion of Sihanoukville's airport, the area is being transformed as a tourist destination, with a growing local economy, as both foreign and domestic investors recognize the future potential of the area."
QLI is traded today at €11 per share, giving a market cap of €396 million. The company floated at €14 per share in July 2007. The company is controlled by Shahar Hamillennium (1991) Ltd. (TASE: SHML) and Queenco Ltd. (TASE: QNCO).
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