Cambodia's new casino.

A Cambodian tycoon named Kith Thieng,the owner launched a $100 million casino near the country's border with Vietnam to attract foreign tourists and develop the country's fast-growing entertainment industry.
The Titan King Casino opens its doors on Feb. 26 in Bavet, a town in Svay Rieng province, about 120 km (75 miles) from Phnom Penh, covering 2.5 hectares of land and employing some 6,000 people.

Kith Thieng, whose business interests include hotels, fast food restaurants, a mobile phone operator and stakes in a bank and television station, said he wanted to help Cambodia's entertainment sector rebound after the global economic crisis. Cambodia generated revenues of $19 million from its 29 casinos in 2008, according to Finance Ministry data.
That fell to $17 million last year, with the decline attributed to a fall in tourist arrivals and rising border tensions with neighbouring Thailand.
Thais are a vital part of Cambodia's casino industry. Most forms of gambling are forbidden in Thailand, but thousands of Thais regularly visit massive casino complexes located along their shared border.
Kith Thieng said Bavet was fast becoming a regional centre for entertainment "much like Las Vegas and Macau".
Hear Sopheaktra, an assistant to Kith Thieng, said the casino would list on the Cambodian stock market, which was due to open later this year.

NagaCorp (3918.HK), is currently the only casino operator in Cambodia, with a licence to run any number of casinos within 200 km (124 miles) of Phnom Penh until 2065.
The company said last week it expected revenue in 2010 to grow by 30 percent as the global economy recovers, and forecast future growth would be driven by a surge in Chinese visitors.

The Dow Tuesday,02/03/10 is 13 market days to Quadraple Witching.

Nikkei Futures Expiry:8 market days to go.

9:30am:--A 40.0 points opening gap-up with a bearish spinning top.

10:30am:--Opening gap being filled partially,bullish engulfing checked the slide.

11:30am:--Retracement to near session high,bearish harami hammering.

12:30noon:--Pullback to near MAV pivot support.Bullish harami holding it on.

1:30pm:--Bull pivot resistance failure attempt,hangman and graveyard doji noticed.

2:30pm:--Dived down piercing through the MAV pivot support with further bearish hammer.

3:30pm:--The lowest point of the day being established.A morning star.

4:00pm:--Bullish hammering out the low.

A bullish start for March,an unshaven opener.A real low point has not been formed yet.Previous lower shadow of Thursday's region will be the expectation.
More merger activity and a plan by Qualcomm Inc. to buy back stock brought reassurance that business leaders expect the recovery to continue.

Markets got a lift from upbeat economic reports abroad and growing hopes European leaders will come up with a bailout for Greece. The Greek government is scheduled to detail deeper spending cuts on Wednesday.