As consumers on the Chinese mainland flock in their droves to the gambling havens that continue to prosper across the country’s regulatory borders in Macau, Laos and Vietnam, an Asia-based real estate developer has announced plans to build a US$400m integrated resort in Cambodia.

South Korea’s Intercity Group plans to start construction in October on a new resort complex near one of Cambodia’s primary tourist draws: the Angkor Wat temple complex, located in Siem Reap Province in the north west of the country.

According to Intercity vice-president James Cho, the as-yet-unnamed development – which holds an investment value equivalent to about four per cent of Cambodia’s gross domestic product – will include a casino, a waterpark, hotels, shopping and convention centres and an 18-hole golf course.

In addition to attracting an increasingly affluent Chinese population base, Cho said the mega-resort was also geared towards bringing in wealthy visitors from other Asian countries, including Thailand, Malaysia and Singapore.