Cambodia revising gambling laws to attract investment
The Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators, industry sources have confirmed to GGRAsia. Earlier on Tuesday, the Phnom Penh Post reported that the new draft of the national casino law could be finalised ...
GGRAsia News Staff
http://www.ggrasia.com/cambodia-revising-gambling-laws-to-attract-investment/
CNRP Proposes Minimum Wage Law for Garment, State Workers
The Cambodian National Rescue Party (CNRP) has submitted a new law to the National Assembly for consideration that would institute a minimum monthly wage of $150 for garment workers and $250 for civil servants, the newly formed opposition party announced at a press conference yesterday. The ...
Letting it ride: NagaCorp lifts lid on large-scale expansion
NagaCorp recently announced it would invest $369 million in its latest project opposite the Buddhist Institute. The Hong Kong-listed casino operator’s latest Phnom Penh venture, Naga2,will include a casino, a hotel and a conference hall. The announcement of the investment by NagaCorp, Cambodia’s biggest casino operator, was ...
Siv Meng
http://www.phnompenhpost.com/real-estate/letting-it-ride-nagacorp-lifts-lid-large-scale-expansion
Hotels, Casinos That Detain, Traffic, Exploit Workers Will Be Prosecuted: Preah Sihanouk
Preah Sihanouk authorities have issued a statement that hotels and casinos that detain, traffic or sexually exploit workers can have their business licenses revoked and cases sent to court. ...
90% of foreign workers in Bavet casinos illegal
Minister of Interior Sar Kheng confirmed on his Facebook page on Friday evening that several licenced casinos in Bavet city, Svay Rieng province, are employing many workers illegally. Of over 3,800 foreign workers, only 470 are working legally, while over 3,000 others are working illegally ...
Tith Kognov
https://www.khmertimeskh.com/501224586/90-of-foreign-workers-in-bavet-casinos-illegal/
Risk Of Money Laundering Grows With Economy
With Cambodia currently seen as a country where the laundering of illicit cash may be going undetected, an international expert yesterday warned that economic growth and more international trade could leave the country open to financial crime. Gert Demmink, a former head of supervision at ...
http://www.cambodiadaily.com/news/risk-of-money-laundering-grows-with-economy-14444/
Qatar Airways touches down in Cambodia
With the launch of daily scheduled services, Qatar Airways becomes the only Middle Eastern airline flying to the South East Asian nation – and destination number 125 served worldwide. Guests gathered at Phonm Penh International Airport in celebration of the new air link, connecting Cambodia ...
NagaCorp reassures investors over Cambodia licence
Cambodian casino operator NagaCorp Ltd has taken the step of reassuring investors about its casino licence rights in the country. It stated that the deal includes an exclusive right to operate a casino (NagaWorld, pictured) in the capital Phnom Penh, and the area within a ...
GGRAsia News Staff
http://www.ggrasia.com/nagacorp-reassures-investors-over-cambodia-licence/
Naga to mend fences with National Buddhist Institute
The owners of NagaWorld have agreed to replace the fences and gate of the National Buddhist Institute that were destroyed by the casino last year during the construction of an underground walkway. Prime Minister Hun Sen ordered the casino to make the repairs and in ...
Taing Vida
http://www.khmertimeskh.com/news/22353/naga-to-mend-fences-with-national-buddhist-institute/
NagaCorp rolls dice on $15 million VIP terminal
A private VIP terminal costing $15 million is being planned at Phnom Penh International Airport by NagaCorp, which hopes that once it is ready – likely by early next year – high-rollers would flock to its casino and double their spending to $8 billion. NagaWorld, the ...
Investors Look For Hotel Opportunities In Southeast Asia
Hotel transaction volumes in Asia hit US$620 million (Bt18.18 billion) in the first quarter, up 190 per cent from the same period last year, and properties in Southeast Asia are attracting investor attention, according to real-estate services company Jones Lang LaSalle. “Rising visitor arrivals, robust trading ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NGM4ODkxZTEzMjg
Macau To Cambodia Route ‘In Negotiation’
A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...
http://www.phnompenhpost.com/2013050865475/Business/macau-to-cambodia-route-in-negotiation.html
Government adopts long-term supportive policy for residents moving out of Angkor Resort
The Royal Government of Cambodia has set forth a policy to support the residents who had volunteered to move out of Angkor Archeological Park in Siem Reap provincial city to Tani village, Run Taek commune, Banteay Srei district, Siem Reap province. ...
Khmer Times Staff
https://www.khmertimeskh.com/501150476/government-adopts-long-term-supportive-policy-for-residents-moving-out-of-angkor-resort/
Sokimex to expand its hotel chain
Sokha Hotels and Resorts, the hospitality arm of Sokimex Group, is continuing to expand and will open a new Resort hotel in Siem Reap, a company representative said yesterday.Svay Vuthy, chief legal and corporate affairs officer at Sokimex, said the 700-room hotel already under construction ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/sokimex-expand-its-hotel-chain
Only 377 NagaWorld Workers Still Holding Out Against Layoffs: Union
In a move a labor group said was unprecedented, NagaWorld is calling on governmental labor inspectors to authorize the dismissal of a group of union leaders as part of the casino’s mass layoffs, overriding the legal protections unionists enjoy unless they have committed serious offenses, ...
Tran Techseng
https://vodenglish.news/only-377-nagaworld-workers-still-holding-out-against-layoffs-union/
Institute land not leased: gov’t
Responding to reported fears among staff that the destruction of a wall at Phnom Penh’s Buddhist Institute could herald the piecemeal sale of the grounds to adjacent casino operator NagaCorp, the government yesterday chalked the alarm up to a simple misunderstanding. According to the Ministry of ...
Chhay Channyda
http://www.phnompenhpost.com/national/institute-land-not-leased-gov%E2%80%99t
NagaWorld Profits Double to $98 Million
NagaCorp, which owns Phnom Penh’s only licensed casino, announced on Wednesday that net profits at the company had more than doubled in 2011 and that plans are in store to expand its operations in the country. Financial Results filed with the Hong Kong Stock Exchange ...
Over 2.6 million tourists visit Angkor Resort in first seven months
Some 2,643,000 national and international tourists visited the Angkor Archeological Park in Siem Reap province in the first seven months of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501336270/over-2-6-million-tourists-visit-angkor-resort-in-first-seven-months/
Residents and traders at Phnom Sampov resort request compensation in exchange for demolition
About 20 families and traders living and selling around Phnom Sampov asked the relevant authorities to help resolve the compensation according to the market price in exchange for relocation as authorities claim that their move is to rehabilitate the site for tourism. ...
Koh Russey, a jewel by the sea
After its November launch in Hong Kong, Alila Villas Koh Russey will break ground late next month, initiating the construction of a world-class luxury resort. Alila Villas occupies 25 hectares on Koh Russey, an island in the Koh Rong archipelago in the Gulf of Thailand, with ...
Post Staff
http://www.phnompenhpost.com/real-estate/koh-russey-jewel-sea