Nagacorp could bid on Cyprus casino licence
Nagacorp Ltd, the parent company of NagaWorld, Cambodia’s biggest casino, is expected to bid on a licence to operate the first casino resort in Cyprus, according to a media report from the Mediterranean island. ...
Post Staff
http://www.phnompenhpost.com/business/nagacorp-could-bid-cyprus-casino-licence
Nagacorp casino profits swell to $173M
Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. ...
Cam McGrath
http://www.phnompenhpost.com/business/nagacorp-casino-profits-swell-173m
$30B casino, theme park project mooted
MQ Technology Bhd, a Malaysian investment holding company, is looking to form a joint venture with a newly formed entity, Cambodian Resorts and Entertainment Co Ltd, to build a $30 million casino and theme park in Prey Veng province near the Vietnamese border, according to ...
Kali Kotoski
http://www.phnompenhpost.com/business/30b-casino-theme-park-project-mooted
Vietnamese firm to invest in massive casino
A little-known Vietnamese investment firm plans to build a massive $200 million mixed-use development that includes a hotel, casino and water park in the dusty Cambodian border town of Bavet through its fully-owned Malaysian subsidiary, a government official confirmed yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/vietnamese-firm-invest-massive-casino
Revenues Down at Pailin’s Dreamworld Casino
U.S.-listed firm Entertainment Gaming Asia’s (EGA) Dreamworld casino in Poipet province has seen revenue drop by almost 18 percent this year, according to financial results released by the company. Results issued on Thursday from Hong Kong said the casino, which opened in May 2012, made revenue ...
http://www.cambodiadaily.com/business/revenues-down-at-pailins-dreamworld-casino-39102/
EdC to light up casino town
Electricite du Cambodge (EdC) has announced an $84.5 million project that will see the Vietnamese border town of Bavet connected to the Kingdom’s power grid. EdC representatives told media on January 15 that the Chinese government will in part fund the power grid expansion from Kandal ...
Chan Muyhong
http://www.phnompenhpost.com/business/edc-light-casino-town
Investor Decries Export Tax on Cambodian Seafood
A major Hong Kong investor in Cambodia has claimed that a government duty on seafood exports is stunting the country’s fish processing industry. Hong Kong-based Sunwah Group began operating a shrimp-processing factory in Sihanoukville in 1994, and its plans in the country now include building a ...
Cambodian buses in Saigon to be strictly controlled
In the petition to the National Road Administration, Deputy Director of the HCM City Department of Transportation – Mr. Duong Hong Thanh, reported that at the time the Vietnam-Cambodia agreement on land transportation took effect, only 40 cars of each country were allowed to cross ...
http://english.vietnamnet.vn/fms/society/74337/cambodian-buses-in-saigon-to-be-strictly-control.html
Qatar’s maid claims amiss: gov’t
The Cambodian government has denied any agreement was signed to send women to Qatar to work as domestic workers, an official from the Labour Ministry said this week. The denial comes after a report late last month by Qatari newspaper Gulf Times – which said an ...
http://www.phnompenhpost.com/2013050965504/National/qatar-s-maid-claims-amiss-gov-t.html
Police Say Hun To News Story Untrue
The Interior Ministry yesterday defended Prime Minister Hun Sen’s nephew, Hun To, following explosive allegations by an Australian newspaper, The Age, which alleged that Australian police had suspected Mr. To of involvement in a drug smuggling and money laundering syndicate. An official from the Cambodian conglomerate ...
Country’s first Japanese news website launched
Thmey Thmey online news website on Wednesday launched a Japanese-language version of the site to help illuminate the world of Cambodian politics and business for Japanese residents here, as well as those considering relocating or investing in the country. The news site, which was set up ...
Hul Reaksmey and Simon Henderson
http://www.cambodiadaily.com/news/countrys-first-japanese-news-website-launched-58743/
Koh Rong Sanloem casino ‘is flouting’ closure order
A Preah Sihanouk provincial official said on Thursday that the owner of Jinding Hotel and Casino on Koh Rong Sanloem is flouting the authorities’ order to close the business by March 22. Preah Sihanouk Provincial Hall spokesman Kheang Phearum told The Post that the provincial ...
Khorn Savi
https://www.phnompenhpost.com/national/koh-rong-sanloem-casino-flouting-closure-order
NagaCorp sits out South Korean casino offering
NagaCorp, the Hong Kong stock exchange-listed parent company of NagaWorld, is not bidding for a South Korean casino permit, the company said in a filing to the exchange. ...
Post Staff
http://www.phnompenhpost.com/business/nagacorp-sits-out-south-korean-casino-offering
105 Chinese arrested at senator’s Poipet casino
More than 100 Chinese nationals believed to be wanted for crimes in their home country were arrested on Wednesday at a CPP senator’s casino in Poipet City, which had to be shut down during the operation, police said. ...
Saing Soenthrith
https://www.cambodiadaily.com/news/105-chinese-arrested-at-senators-poipet-casino-109327/
Cambodia earns $2 bn from its casino annually
Cambodia’s casino industry has generated a revenue of approximately $2 billion per annum, the country’s central bank chief said here on Wednesday. ...
Business Standard News Staff
http://www.business-standard.com/article/news-ians/cambodia-earns-2-bn-from-its-casinos-annually-115093000332_1.html
Cambodia revenue drives profit surge at casino supplier
Entertainment Gaming Asia, a Nasdaq-listed company that supplies electronic gaming machines, posted a an 88 percent year-on-year rise in its third-quarter profit, citing higher sales in Cambodia as a major driver of its growth, according its filing to the Nasdaq on Monday in New York. ...
May Kunmakara
http://www.khmertimeskh.com/news/17676/cambodia-revenue-drives-profit-surge-at-casino-supplier/
Cambodia okays LYP Group casinos' online gambling sites
Cambodia has given permission for three L.Y.P. Group casinos to launch online gambling operations.The L.Y.P. Group, which is run by Cambodian People’s Party Senator Ly Yong Phat, operates three casinos on the country’s border with Thailand; the Koh Kong Resort on the country’s southern coast, ...
Steven Stradbrooke
http://calvinayre.com/2015/11/19/casino/cambodia-okays-lyp-group-casino-online-gambling-sites/
Tax revenue from casinos rises sharply in 2015
Thanks to improved collection efforts, a total of $34.7 million in taxes was taken in from Cambodia’s casinos in 2015, a 33 percent increase on the previous year, the Finance Ministry said on Monday. Ros Phearun, deputy director-general of the ministry’s finance industry department, said ...
Kang Sothear
https://www.cambodiadaily.com/news/tax-revenue-from-casinos-rises-sharply-in-2015-105069/
NagaCorp casino 2016 profits show modest growth
Cambodian casino operator NagaCorp Ltd posted a net profit of $184.2 million last year, a 7 percent increase over the previous year, with growth largely tempered by a lacklustre surge in business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh.While ...
Kali Kotoski
http://www.phnompenhpost.com/business/nagacorp-casino-2016-profits-show-modest-growth
Donaco in negotiations to buy Cambodian casino business
Donaco International Ltd has signed an exclusive term sheet to acquire “a significant gaming and hospitality business in Cambodia”, the company said. It did not provide further details on the acquisition target. ...
GGRAsia News Staff
http://www.ggrasia.com/donaco-in-negotiations-to-buy-cambodian-casino-business/