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/
Naga 3 pushed back till Sept 2029
Hong Kong-listed casino operator and developer NagaCorp Ltd, known for its flagship NagaWorld integrated resort in Phnom Penh, on June 4 announced that it has moved the $3.5 billion Naga 3 project’s planned completion date from September 30, 2025 to exactly four years later, in ...
May Kunmakara
https://www.phnompenhpost.com/business/naga-3-pushed-back-till-sept-2029
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/
Entertainment and Investment expo slated for early next year
The third edition of the Asia Entertainment and Investment Expo, also known as AGE Cambodia 2020, will be held at Sokha Beach Resort in Sihanoukville on March 26 and 27, according to the official website for the event. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50661036/entertainment-and-investment-expo-slated-for-early-next-year/
Government approves Sihanoukville ‘Casino city’ plans
Malaysia-based company SV International was granted permission by the Council of Ministers earlier this month to begin the initial stage of grand plans to turn part of Sihanoukville into a “casino city,” an official confirmed. ...
Hannah Hawkins and Ben Sokhean
https://www.cambodiadaily.com/news/government-approves-sihanoukville-casino-city-plans-110478/
Casino operator’s winning streak continues
Nagacorp Ltd, the Cayman Islands-registered operator of Cambodia’s NagaWorld casino and hotel complex, recorded $153.8 million in gross gaming revenue during the first quarter of 2016, a 35 per cent increase over the same period last year. ...
Cam McGrath
http://www.phnompenhpost.com/business/casino-operators-winning-streak-continues
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’s new casino bill faces likely delay: report
A bill to regulate the management of Cambodia’s casino industry could be approved by the country’s National Assembly (pictured) in the first quarter of 2016, reported the Khmer Times newspaper, quoting an official from the Ministry of Economy and Finance. ...
GGRAsia News Staff
http://www.ggrasia.com/cambodias-new-casino-bill-faces-likely-delay-report/
NagaCity Walk gives capital a taste of duty-free shopping
The NagaCity Walk, a $94 million subterranean shopping centre in Phnom Penh aimed at high-rolling tourists visiting the adjacent NagaWorld casino and hotel complex, held its soft opening yesterday, with duty-free luxury goods ranging from affordable tobacco, perfumes and designer watches to a $3,400 bottle ...
Kali Kotoski
http://www.phnompenhpost.com/business/nagacity-walk-gives-capital-taste-duty-free-shopping
Casinos rake in $2 billion
Cambodia’s casino industry generates close to $2 billion in revenue a year and accounts for nearly 40 per cent of the Kingdom’s tourism revenue, a central bank official said yesterday.Chea Serey, director-general of the National Bank of Cambodia, told a workshop on statistics in international ...
Sor Chandara
http://www.phnompenhpost.com/business/casinos-rake-2-billion
Jimei Intl Cambodia plan likely in Sihanoukville: analyst
The ‘entertainment resort’ that Hong Kong-listed casino junket investor Jimei International Entertainment Group Ltd wants to develop in Cambodia is likely to be located in the coastal resort town of Sihanoukville (pictured), on the Gulf of Thailand, says Union Gaming Securities Asia Ltd. ...
Newsdesk
http://www.ggrasia.com/jimei-intl-cambodia-plan-likely-in-sihanoukville-analyst/
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/
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