Development of Myanmar casino stalls
amid Singapore legal row: report

 
  Agence France Presse
February 3, 2004
SINGAPORE



PLANS by a Singaporean businessman to open a US$90 million resort-style casino in Myanmar have stalled over the non-delivery of power generators, a media report said here Tuesday, Feb 3.

Drake Poh Teong Kang, managing director of Myanmar-registered Victoria Entertainment Resort Club, is suing Singapore's Esasia Engineering for alleged loss of profits and manpower costs incurred from the generators not being delivered, according to the Straits Times.

Esasia, in defence, is counter-suing Victoria, claiming breach of contract and demanding losses for unsold equipment as well as damages for storage and maintenance.

The four generators, worth more than S$220,000 were ordered two years ago to supply power to the casino-cum-resort, the daily reported Victoria as claiming in the lawsuit.

Poh signed a 30-year lease with the Myanmar government for two islands near the nation's southern border with Thailand in 1997 to develop the casino and resort, with wealthy Thais one of his key intended target markets.

The report did not say when the casino was scheduled to open.
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