Naga Corp Reports 23 Percent Profit Growth
NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...
http://www.cambodiadaily.com/business/nagacorp-reports-23-percent-profit-growth-9646/
Casino bill likely this year
The National Assembly will likely approve a casino-management bill before the end of the year, which is aimed at doubling gambling revenues and bringing the industry on par with international standards, said a senior official from the Ministry of Economy and Finance. Ros Phearun, deputy director ...
May Kunmakara
http://www.phnompenhpost.com/business/casino-bill-likely-year
Cambodia Must Up its Game in Rice Exports
Cambodia announced two major bilateral trade agreements last month, with the Philippines and Thailand, that are expected to further expand the country’s rice export sector. Over the last few years, Cambodia has emerged as a major rice exporter in the region, due in large part ...
http://asiafoundation.org/in-asia/2013/05/01/cambodia-must-up-its-game-in-rice-exports/
Ha Tien Vegas Casino closes due to bankruptcy
Ha Tieng casino in Kampot province, Bordering with Vietnam was closed due to bankruptcy after there were no gamblers. According to the source, there were about 2 000 staffs laid off. Gamblers are Vietnamese but when Vietnamese government banned its people from going to gamble ...
Human traffickers use social media to lure job seekers to Cambodia
Human traffickers in Việt Nam are finding ever more inventive ways to lure potential victims overseas for exploitation. Through social media networks like Facebook or Zalo, they are offering well-paid jobs at casinos or online games in Cambodia, before springing their trap. ...
Khmer Times Staff
https://www.khmertimeskh.com/501004569/human-traffickers-use-social-media-to-lure-job-seekers-to-cambodia/
Cambodia Bets Casinos Can Boost Tourism
Cambodian developers are betting that casinos can make the tiny Southeast Asian country a bigger draw for high-spending tourists. The nation of 15 million people has more than 25 casinos, but most are small affairs in rough-and-tumble border towns that cater to hard-core Thai, Chinese and ...
http://online.wsj.com/article/SB10001424052702304750404577317094266574870.html
Another Russian arrested over casino brawl
Police in Sihanoukville on Monday arrested Russian national Roman Dragomir, 39, for his alleged involvement in a violent brawl between two groups of foreigners at the Queenco Hotel & Casino in February, an official said. ...
Kang Sothear
https://www.cambodiadaily.com/news/another-russian-arrested-over-casino-brawl-86218/
Tycoon under fire for casino project
A tycoon who is building a casino and a dam in Oddar Meanchy province has come under fire for displacing villagers – and possibly the military. ...
Phak Seangly
http://www.phnompenhpost.com/national/tycoon-under-fire-casino-project
PM urges athletes to prepare for 2023 SEA games
Prime Minister Hun Sen urged the Kingdom’s athletes to be well prepared for the 2023 SEA Games, which will be hosted by Cambodia, and to look for opportunities to promote the reputation of the country and its people. ...
Ven Rathavong
http://www.khmertimeskh.com/news/23581/pm-urges-athletes-to-prepare-for-2023-sea-games/
Gaming tax revenue up 20% in first 6 months
Gaming tax revenue reached $12 million in the first six months of the year, a 20 percent increase over the first half of 2014, due to a greater number of Thai nationals crossing into Cambodia to gamble, a Finance Ministry official said Wednesday. ...
Kang Sothear and Tsz-kwan Ho
https://www.cambodiadaily.com/business/gaming-tax-revenue-up-20-in-first-6-months-88562/
Naga aircraft set to take flight
Nagacorp, owner of Cambodia’s largest casino, NagaWorld, is on track to begin flying in high-rollers from China on a fleet of its own commercial aircraft, according to the company’s latest earnings statement and government officials. In a filing to the Hong Kong Stock Exchange on Friday, ...
Eddie Morton
http://www.phnompenhpost.com/business/naga-aircraft-set-take-flight
Opposition Questions Shortcoming in Government Revenue
The National Assembly on Friday passed a law approving the government’s revenue and spending in 2011, drawing criticism from the opposition, which claimed the amount taken in by the government during the period was too low. All 77 CPP lawmakers present voted in favor of the ...
http://www.cambodiadaily.com/news/opposition-questions-shortcomings-in-government-revenue-8468/
Tonle Bassac: Primed for the future
Tonle Bassac is located on the western shore of the Bassac River, from which it takes its name (Tonle is Khmer for ‘river’). Contained by the river to the east, Sihanouk Boulevard to the north and Norodom Boulevard to the west, Tonle Bassac hooks westward ...
David Murphy
http://www.phnompenhpost.com/real-estate/tonle-bassac-primed-future
Sihanoukville aims to reform tourism landscape
Preah Sihanouk province plans to attract a new type of Chinese investor which could restore the image of Sihanoukville as a tourist city and shift investment away from casinos. In a meeting with Chinese embassy officials in August, provincial governor Kuoch Chamroeun said the current ...
Hin Pisei
https://www.phnompenhpost.com/business/sihanoukville-aims-reform-tourism-landscape
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
Cambodia says RCEP all about win-win cooperation, not zero-sum game
The Regional Comprehensive Economic Partnership (RCEP), the world’s biggest free trade deal, is all about “win-win” cooperation and is “not a zero-sum game,” a Cambodian government official has said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501211518/cambodia-says-rcep-all-about-win-win-cooperation-not-zero-sum-game/
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/
Cambodia plans to allow locals in national casinos
The government of Cambodia is considering to allow local citizens to gamble in casinos. Currently, only foreigners are allowed to gamble in the country’s local casinos. According to an official from Cambodia’s Ministry of Economy and Finance, the government is considering to lift the restrictions on local residents, since ...
Jason Glatzer
http://www.pokernews.com/news/2014/09/cambodia-to-allow-locals-in-casinos-19284.htm