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Number of casinos jumps by 53% in 2018

Cambodia granted 52 licences to casinos last year, bringing the total awarded to 150 at the end of 2018, thanks largely to a surge in gambling businesses in the Kingdom’s Preah Sihanouk province. ...

Hor Kimsay
https://www.phnompenhpost.com/business/number-casinos-jumps-53-2018

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

Star Vegas casino turns profit as VIPs chip in

A new VIP gambling room at the Star Vegas Resort and Club casino in Poipet raked in nearly $700,000 in revenue during its first full month of operation, its management announced yesterday.Joey Lim, managing director of Australian casino operator Donaco International Ltd, said the new ...

Cam McGrath
http://www.phnompenhpost.com/business/star-vegas-casino-turns-profit-vips-chip

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

Pokémon go warning in temple complex

The Apsara Authority has called on tourists playing Pokémon Go to be careful when playing in the Angkor Archaeological Park and to respect all signs in the temples. Due to concerns over potential accidents happening to those playing the game, the Apsara Authority issued a statement ...

Mom Kunthear
http://www.khmertimeskh.com/news/28765/pok--mon-go-warning-in-temple-complex/

Malaysian firm wagers on Sihanoukville's potential

An obscure Malaysian company has obtained approval from Cambodia’s Council of Ministers to develop hotels and casinos in Sihanoukville, with an online promotional video claiming the firm will transform the coastal city into the “Macau of Southeast Asia.”     ...

Sor Chandara
http://www.phnompenhpost.com/business/malaysian-firm-wagers-sihanoukvilles-potential

Gaming firm cashes out of NagaWorld deal

Pan-Asian gaming company Entertainment gaming Asia Inc (EGA) will sell 670 of its electronic gaming machine (EGM) seats placed at NagaWorld casino in Phnom Penh to an unnamed Cambodian firm for $2.5 million, the Nasdaq-listed company announced on Wednesday. ...

Cam McGrath
http://www.phnompenhpost.com/business/gaming-firm-cashes-out-nagaworld-deal

Casino in Poipet shut; reasons unknown

A Poipet venue offering online gambling and affiliated with nearby Crown Casino was closed by authorities over the weekend, according to a company security official.​ ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/casino-poipet-shut-reasons-unknown

VIPs roll into capital’s casino

Nagacorp Ltd, the Hong Kong-listed operator of Cambodia’s NagaWorld casino and hotel complex, posted $3.73 billion in VIP rolling chip volume during the first quarter of 2017, a 34 percent year-on-year increase, while mass market buy-ins and electronic gaming machine (EGM) growth remained steady, the ...

Kali Kotoski
http://www.phnompenhpost.com/business/vips-roll-capitals-casino

Modest growth for NagaWorld

NagaWorld, a subsidiary of Hong Kong-listed NagaCorp, recorded a modest four percent increase in gross gaming revenue (GGR) last year, bringing the figure up to $500.8 million.   ...

May Kunmakara
http://www.khmertimeskh.com/news/35315/modest-growth-for-nagaworld/

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

Naga profits hit jackpot again

NagaCorp’s winning streak shows no signs of letting up, with the Hong Kong-listed casino operator posting another impressive half-year result, reporting profits up more than 20 percent year-on-year during the first six months of 2017 on a surge in VIP rollings and visits to its ...

Cam McGrath
http://www.phnompenhpost.com/business/naga-profits-hit-jackpot-again

Casino tax revenue rises

The government collected $48 million from the casino industry last year, a rise of about 40 per cent compared with 2015. Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department, said that along with an effort by the government to improve tax revenue, ...

May Kunmakara
http://www.khmertimeskh.com/news/36411/casino-tax-revenue-rises/

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/

Prime minister inaugurates olympic pool in Kompong Cham

Prime Minister Hun Sen inaugurated Cambodia’s newest Olympic-size swimming pool in Kompong Cham province on Wednesday, a $1.5 million facility named after himself and marked as a venue for the 2023 South East Asian (SEA) Games. ...

Kuch Naren
https://www.cambodiadaily.com/news/prime-minister-inaugurates-olympic-pool-in-kompong-cham-101837/

PM: Transfer remaining Covid patients from Olympic stadium

Prime Minister Hun Sen has instructed the Ministry of Health to review the transfer of 26 Covid-19 patients at the National Olympic Stadium to other facilities in order to allow athletes to use the stadium to prepare for the 32nd Southeast Asian Games (SEA Games), ...

Mom Kunthear
https://www.phnompenhpost.com/national/pm-transfer-remaining-covid-patients-olympic-stadium

Ministry declares 29-day school break during SEA Games

Ministry of Education, Youth and Sport has declared a 29-day public and private school break from April 20 to May 18, while Cambodia hosts the 32nd SEA Games. ...

Torn Vibol
https://www.khmertimeskh.com/501261347/ministry-declares-29-day-school-break-during-sea-games/

Acleda among Top 100 banks

Aceleda Bank was the only Cambodian bank to make The Banker’s Top 100 ASEAN Banks 2016 list, and saw the largest jump up the rankings among all entries, securing the 88th position on the financial publication’s annual list, up from 97th last year. ...

Sor Chandara
http://www.phnompenhpost.com/business/acleda-among-top-100-banks

Gov’t waives VAT to support rice millers

Agricultural products have been granted an exemption from the value-added tax (VAT) as part of a government effort to support local rice farmers and millers, according to a prakas issued Wednesday by the General Taxation Department. ...

Post Staff
http://www.phnompenhpost.com/business/govt-waives-vat-support-rice-millers

Trio accused of clearing Mondulkiri land released on bail

The Mondulkiri Provincial Court yesterday released on bail three ethnic Phnong villagers charged with illegally clearing state land on the condition that they agree not to return to their homes and farms. ...

Mech Dara
http://www.phnompenhpost.com/national/trio-accused-clearing-mondulkiri-land-released-bail

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