Naga CEO Lip Keong seeking majority stake
Nagacorp Ltd, the operator of Phnom Penh’s NagaWorld hotel and casino complex, announced that the company’s chief executive, Chen Lip Keong, has submitted a proposal to shareholders and the Hong Kong Stock Exchange that would allow him to divest his personal investment of $369 million ...
Post Staff
http://www.phnompenhpost.com/business/naga-ceo-lip-keong-seeking-majority-stake
Poipet Airport project resumes in Cambodia
The Poipet Airport development project, which had been abandoned for more than 10 years, will resume construction in 2020 as the city welcomes more Chinese, say provincial authorities. Hotel and casino investment firm Holiday Palace began construction of the airport in 2007 and had already ...
Hin Pisei
https://www.phnompenhpost.com/business/poipet-resumes-airport-project
Lockdown against COVID-19 hampers Century Entertainment’s launch of new Cambodian casino
Strict lockdown measures in place nationwide, implemented on July 29 has again hampered the opening of Century Entertainment’s launch of new Cambodian casino in Koh Kong. ...
Khmer Times Staff
https://www.khmertimeskh.com/50908972/lockdown-against-covid-19-hampers-century-entertainments-launch-of-new-cambodian-casino/
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
Google to help NEC fight fake online news during polls
The National Election Committee (NEC) will work hand in hand with Google to prevent the spread of fake news on the internet during the upcoming National Election. ...
Son Minea
https://www.khmertimeskh.com/501279974/google-to-help-nec-fight-fake-online-news-during-polls/
Thirteen Arrested for Illegal Online Gambling
Nine South Koreans and four Cambodian nationals allegedly participating in an illegal gambling operation in Siem Reap City were sent to the provincial court for questioning Monday, police officials said. The suspects were arrested Saturday night along with 21 Cambodian women when police raided an illegal ...
Saing Soenthrith
http://www.cambodiadaily.com/news/thirteen-arrested-for-illegal-online-gambling-47277/
The long (and short) of the latest news from the nation’s two leading ports
Last week saw the release of the Sihanoukvile Autonomous Port’s (PAS) Q2 2021 financial report as well as an unaudited revenue report from the Phnom Penh Autonomous Port detailing results for the first seven months of 2021. ...
Chea Vanyuth
https://www.khmertimeskh.com/50916492/the-long-and-short-of-the-latest-news-from-the-nations-two-leading-ports/
NagaCorp Ltd unveils Naga 3
NAGACORP Ltd, which owns Phnom Penh’s only licensed casino NagaWorld, announced its $4 billion Naga 3 Project on the site of the former “White Building” in Tonle Bassac commune, a 29-page document filed with the Stock Exchange of Hong Kong Limited said. The company’s announcement ...
Sorn Sarath and Hin Pisei
https://www.phnompenhpost.com/business/nagacorp-ltd-unveils-naga-3
NagaWorld sees year-on-year boost in VIP revenues
Phnom Penh casino NagaWorld has announced that gross gaming revenue (GGR) rose 48 per cent year-on-year for the first quarter of 2015, largely on the back of returns from VIP clients. Nagacorp, the Hong Kong stock exchange-listed parent of NagaWorld, said in an unaudited report released ...
Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-sees-year-year-boost-vip-revenues
Insurance claims through the roof
Partly triggered by recent flood damage and an increase in road accidents, claims filed with the six general insurance companies in Cambodia spiked more than 160 per cent in the nine months through to September compared with the same time last year, the latest data ...
Chan Muy Hong
http://www.phnompenhpost.com/business/insurance-claims-through-roof
TVK director resigns, apparently in response to gov’t criticism
Kem Gunawadh, the long-serving director-general of TVK who helped set up the state broadcaster in 1983, resigned abruptly on Saturday in what his successor said was a reaction to government criticism over his decision not to broadcast live that morning’s annual Royal Plowing Ceremony. The resignation ...
Phann Ana and Simon Henderson
http://www.cambodiadaily.com/news/tvk-director-resigns-apparently-in-response-to-govt-criticism-58980/
Firm Given Rights to All ELC Timber in Ratanakkiri
The Ministry of Agriculture has signed a deal with Try Pheap Import Export to give the firm the right to purchase all timber felled in economic land concessions (ELCs) in Ratanakkiri province, according to a letter sent from the Agriculture Ministry to the Forestry Administration ...
http://www.cambodiadaily.com/news/firm-given-rights-to-all-elc-timber-in-ratanakkiri-22788/
Chinese demand drives construction boom in Cambodia
The value of construction projects in Cambodia rose more than 22 percent to $6.4 billion in 2017 from the previous year, according to official figures released on Tuesday that showed the impact of a boom driven by Chinese investors. The high level of Chinese investment is ...
Prak Chan Thul
https://www.reuters.com/article/cambodia-construction/chinese-demand-drives-construction-boom-in-cambodia-idUSL3N1PB2YA
Hun Manet: Sihanoukville is not Macau
Royal Cambodian Armed Forces chief of joint staff Hun Manet has said he disagrees that Preah Sihanouk province, where Chinese investment in hotels and casinos has skyrocketed, will become a second Macau. Lieutenant General Manet made the comment on Monday during a ground-breaking ceremony for the ...
Mom Sophon
http://www.khmertimeskh.com/50112151/hun-manet-sihanoukville-is-not-macau/
Hun Sen tells King Buddhist Institute’s land not for sale
Government denials over the rumored development of the Buddhist Institute have reached the highest levels, with the prime minister penning a letter to the king to assure him the land is not for sale. In a letter addressed to King Norodom Sihamoni dated October 6 and ...
Khuon Narim
http://www.cambodiadaily.com/news/hun-sen-tells-king-buddhist-institutes-land-not-for-sale-69609/
NagaCorp VIP program questioned
Citi Research, the strategy and analysis arm of Citigroup Inc, one of the world’s largest financial firms, has questioned NagaCorp’s VIP junket program in a recent report that also cites cross-border competition and tourism failings as potential threats to the program’s success. Citi Research’s analysis was ...
Eddie Morton
http://www.phnompenhpost.com/business/nagacorp-vip-program-questioned
29 locations in Sihanoukville to be used as quarantine centres
The Preah Sihanouk Provincial Administration released a report yesterday that in order to prevent the spread of COVID-19, they decided to commandeer 29 hotels, apartments, casinos, buildings and shopping malls to be used as quarantine centres. ...
Tith Kongnov
https://www.khmertimeskh.com/50819895/29-locations-in-sihanoukville-to-be-used-as-quarantine-centres/
Thai fugitive linked to casino fire received Cambodian citizenship, shares business ties with Tycoon Ly Yong Phat
Fugitive Thai politician Vatana Asavahame, linked to management of the Poipet casino devastated by a deadly fire last week, received Cambodian citizenship in a 2008 royal decree, according to documents viewed by CamboJA. ...
Jack Brook and Sovann Sreypich
https://cambojanews.com/thai-fugitive-linked-to-casino-fire-received-cambodian-citizenship-shares-business-ties-with-tycoon-ly-yong-phat/
Wagering on warm fronts
A busty woman with a scratchy voice shrieks into an intricate set up of radios, microphones and walkie-talkies, her tone not unlike that of a breathless Flemington race-caller. The woman is in continuous contact with up to 100 men peppered over rice fields fringing Battambang, analyzing the ...
http://www.phnompenhpost.com/7days/1848-wagering-on-warm-fronts