Cambodian casino operator NagaCorp reports net profit growth of 49%
As Macau casinos are showing continuous drop of revenue, Australian and Cambodian casinos don’t seem to have the same problem. The latest casino operator to reveal an impressive growth of net profit is NagaCorp Ltd. The Group reported an increase in profit of 49% ($101 ...
Alex Lanter
http://news.worldcasinodirectory.com/cambodian-nagacorp-casino-operator-reports-net-profit-growth-of-49-11757
PATHMAZING to lead management and fundraising For SEA Games 2023
PATHMAZING Inc, a Cambodian company-led consortium, has been given full rights to provide Games Management system “GMS” and act as a one window service to raise funds for the Southeast East Asian Games 2023, which Cambodia is gearing up to host for the first time. ...
Prak Chan Thul
https://kiripost.com/stories/pathmazing-to-lead-management-and-fundraising-for-sea-games-2023
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
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
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
$30B casino, theme park project mooted
MQ Technology Bhd, a Malaysian investment holding company, is looking to form a joint venture with a newly formed entity, Cambodian Resorts and Entertainment Co Ltd, to build a $30 million casino and theme park in Prey Veng province near the Vietnamese border, according to ...
Kali Kotoski
http://www.phnompenhpost.com/business/30b-casino-theme-park-project-mooted
Starting Blocks: Cambodia Races to Prepare Kingdom for 2023 SEA Games
Vath Chamroeun is a busy man with daunting challenges. As secretary general of the Cambodian SEA Games Organizing Committee (CAMSOC), he is one of the main officials in charge of making sure the Kingdom is ready to host the 2023 Southeast Asian Games — and ...
Try Thaney
https://cambojanews.com/starting-blocks-cambodia-races-to-prepare-kingdom-for-2023-sea-games/
ADB pegs economic growth for ‘23 at 5.5%
The Asian Development Bank (ADB) on April 4 pegged the Kingdom’s economic growth at 5.5 per cent for this year “on a more robust tourism recovery and higher growth in the services sector”. ...
Rann Reuy
https://www.phnompenhpost.com/business/adb-pegs-economic-growth-23-55
US Firm to Open Its Second Casino in Cambodia
A U.S.-listed gaming company is set to open its second casino in Cambodia next month, the company said as it announced its revenues had grown to more than $20 million in 2012. Entertainment gaming Asia Inc. (EGA), which is backed by Macau-based Melco International Development Limited ...
http://www.cambodiadaily.com/business/us-firm-to-open-its-second-casino-in-cambodia-14421/
Dreamworld operator sees revenue drop
Entertainment Gaming Asia (EGA), which operates casinos and slot machines in Cambodia and the Philippines, recorded a 9 percent drop in revenue last year compared to 2012, from $26.8 million to $24.3 million, according to the company’s annual report. EGA operates casinos in Pailin and Poipet ...
Simon Henderson
http://www.cambodiadaily.com/business/dreamworld-operator-sees-revenue-drop-53867/
Casino sold to relative of CPP lawmaker
Entertainment Gaming Asia (EGA) last week sold Dreamworld Casino in Pailin province for $500,000 to a relative of the CPP lawmaker—and wife of former provincial governor Y Chhean—who owns the land on which the company built the Casino, according to a press release Thursday. The Gaming ...
Hul Reaksmey and Simon Henderson
http://www.cambodiadaily.com/business/dreamworld-casino-sold-to-relative-of-cpp-lawmaker-62750/
Nagacorp casino profits swell to $173M
Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. ...
Cam McGrath
http://www.phnompenhpost.com/business/nagacorp-casino-profits-swell-173m
Melco’s unit disposes of Cambodia assets
Nasdaq-listed Entertainment Gaming Asia Inc, a company linked to Macau casino operator Melco Crown Entertainment Ltd, is selling its assets in Cambodia. The sale includes all assets of Dreamworld Leisure with the exception of all electronic Gaming machines, and prohibits any use of the Dreamworld ...
GGRAsia News Staff
http://www.ggrasia.com/melcos-unit-disposes-of-cambodia-assets/
105 Chinese arrested at senator’s Poipet casino
More than 100 Chinese nationals believed to be wanted for crimes in their home country were arrested on Wednesday at a CPP senator’s casino in Poipet City, which had to be shut down during the operation, police said. ...
Saing Soenthrith
https://www.cambodiadaily.com/news/105-chinese-arrested-at-senators-poipet-casino-109327/
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/
King Sihamoni off to Beijing for Olympic games opening
King Norodom Sihamoni is planning to depart for China on February 3 to attend the opening ceremony of the Winter Olympic Games 2022 in Beijing, which are scheduled to begin on February 4, and will return on February 5. ...
Mom Kunthear
https://www.phnompenhpost.com/national/king-sihamoni-beijing-olympic-games-opening
Cambodian PM awards former Malaysian journalist for SEA Games contribution
Cambodian Prime Minister Hun Manet on Friday conferred the Royal Order MonisaraponMohaseng award on former Malaysian sports journalist-turned-sports events management specialist, ST Arasu. ...
Khmer Times Staff
https://www.khmertimeskh.com/501394869/cambodian-pm-awards-former-malaysian-journalist-for-sea-games-contribution/
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
Delayed new casino confirms opening target
Century Entertainment has confirmed the opening target and relocation of a new casino to Dara Sakor. The project had been delayed since January. The delay was down to pandemic related business conditions including logistics problems in the delivery of essential equipment. ...
Khmer Times Staff
https://www.khmertimeskh.com/50812067/delayed-new-casino-confirms-opening-target/
New regulations set for casino minimum capital
Cambodia has set a minimum capital requirement for new and existing casinos. ...
Nov Sivutha
https://www.phnompenhpost.com/business/new-regulations-set-casino-minimum-capital