It’s been billed as a $15 billion smart city, powered by the latest in blockchain technology, but in reality it has emerged as a major online gambling hub and the new home to many of the operations that fled Cambodia after a ban on the practice last year.
The island of Phu Quoc is hosting a series of events aimed at boosting tourism. Called the Mega Series, the events include a poker championship. The island is home to the Corona Resort & Casino, the only one in Vietnam that allows locals to gamble.
According to the World Health Organization, Cambodia has 275 COVID cases and zero COVID-related deaths as of the last week of September.
The Dara Sakor International Airport, capable of handling long-haul aircraft such as Boeing 777s, will open in 2021 improving international access to the mammoth Dara Sakor Resort project in Cambodia's Koh Kong province. The resort includes residential apartments, hotels and casinos.
Fincy explained its rationale for withdrawing from a project in Myanmar, saying it has zero tolerance for any form of illegal activity and has at no point had any involvement in developing online gambling applications. The company, which offers a blockchain-based payment app, wrote the rebuttal on its website in response to what it said were factual inaccuracies about its involvement in the Yatai City development.
Thailand’s anti-online gambling efforts continue to show results, while Malaysia’s crackdowns keep exposing crooked cops.