DNA 11.4% 3.9¢ donaco international limited

Ha Tien Vegas Resort

  1. 22 Posts.
    Hi guys,

    I have been looking into the possible casino target in Cambodia.

    The Ha Tien Vegas Resort would have to be a prime candidate.  It is just over the border of Vietnam at Ha Tien.

    http://www.hatienvegas.com/

    2hr drive from Phnom Penh. 6 hr drive Ho Chi Minh City, 1.5 hour ferry from Phu Quoc Island.

    The joint has 160 odd rooms and I think I read 70 tables.  It was built in 2010 at a cost of $100m US but has struggled to produce a return on this investment.

    The current owners seem to be loaded up on new ventures and look ripe to off offload a sizeable stake in this venture.

    Approx. price tag of somewhere under cost price (100m US) seems to fit the size perfectly for a DNA target.

    Thoughts?
 
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