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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/

Casino investment boosts Kingdom’s construction sector

Increasing casino investment has brought the construction sector to provinces along Cambodia’s borders, World Bank (WB) senior economist for Cambodia Ly Sodeth said on Wednesday. In the latest WB Cambodia Economic Update (CEU) report published on Wednesday, Sodeth said that the construction sector has boomed in Banteay ...

Thou Vireak
https://www.phnompenhpost.com/business/casino-investment-boosts-kingdoms-construction-sector

NOCC draws up plan for 2023 SEA games

The National Olympic Committee of Cambodia (NOCC) has drawn up a master plan for the 2023 SEA Games, kick-starting official preparations to ensure that the country is ready to host the region’s most important sporting event, NOCC Secretary-General Vath Chamroeun said Monday. ...

Simon Henderson and Aun Chhengpor
https://www.cambodiadaily.com/news/nocc-draws-up-plan-for-2023-sea-games-90599/

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

Online crackdown continues

Prime Minister Hun Sen has vowed to clamp down on all online and arcade gambling operations in a move to safeguard national security and curb money laundering in the Kingdom. ...

Khuon Narim
https://www.khmertimeskh.com/50672721/continue-to-crack-down-on-online-and-arcade-gambling-pm

Thousands of Chinese leave Kingdom after ban on online gambling

The General Department of Immigration yesterday reported that tens of thousands of Chinese nationals left the Kingdom before the end of last year since the ban on online and arcade gambling was announced by Prime Minister Hun Sen in August. ...

Ben Sokhean
https://www.khmertimeskh.com/50685775/thousands-of-chinese-leave-kingdom-after-ban-on-online-gambling

Tourists from Thailand gambling on Cambodia’s Poipet lure

Just 3.5 hours away from Bangkok, Poipet is popular with tourists looking to exit and reenter Thailand’s border to gain more time in the kingdom, said Thaiger, a Thai based media outlet. ...

Khmer Times Staff
https://www.khmertimeskh.com/501226605/tourists-from-thailand-gambling-on-cambodias-poipet-lure/

EGA posts drop in Q3 gaming revenue

Entertainment Gaming Asia (EGA), a subsidiary of Macau-based Gaming giant Melco, posted year-on-year losses at the end of the third quarter on the back of poor player numbers at the company’s NagaWorld operations. ...

Eddie Morton
http://phnompenhpost.com/business/ega-posts-drop-q3-gaming-revenue

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

Phase two of stadium for 2023 SEA Games commences

On Tuesday, two more buildings in the series of buildings in the Morodok Techo National Sports Complex commenced construction at a groundbreaking ceremony presided over by Prime Minister Hun Sen. ...

Moeun Nhean
http://www.phnompenhpost.com/post-property/phase-two-stadium-2023-sea-games-commences

Cambodian Women’s basketball team makes winning move on first day at 4th Asian Para Games

The Cambodian women’s basketball team defeated the Lao team with a score of 65-35 in the opening round of the 4th Asian Para Games at the Hangzhou Olympic Sports Centre Gymnasium, Hangzhou, People’s Republic of China, on Oct. 19. ...

Khmer Times Staff
https://www.khmertimeskh.com/501379448/cambodian-womens-basketball-team-makes-winning-move-on-first-day-at-4th-asian-para-games/

Junket investor’s profit falls but sticking to its Cambodia bets

Jimei International Entertainment Group, a Hong Kong-listed casino junket investor that promotes at least seven gaming tables in NagaWorld casino in Phnom Penh, reported a steep decline in profit during the first half of 2016 despite increased turnover. ...

Cam McGrath
http://www.phnompenhpost.com/business/junket-investors-profit-falls-sticking-its-cambodia-bets

Athletes Keang Samom represents Cambodia at London Olympic

Keang Samorn will represent Cambodia in the Olympic Games marathon in London in July, Pen Vuthy, secretary general of The Cambodian athletic Confederation said. ...

http://thesoutheastasiaweekly.com/

Donaco dumps its new junket operator

Donaco International Ltd has terminated its junket deal with Macau VIP gaming promoter Heng Sheng Group, saying the arrangement proved too restrictive for the marketing of its flagship Star Vegas Resort and Club in Poipet. ...

Cam McGrath
http://www.phnompenhpost.com/business/donaco-dumps-its-new-junket-operator

$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

Lottery hopes to soar on Wing network

Mohaleap Lotto, a subsidiary of Cambodia’s Royal Group, officially entered the Kingdom’s lottery gaming market this month, hoping to disrupt a business sector currently dominated by black market outlets, a company executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/lottery-hopes-soar-wing-network

Immigration Dept says 400,000 Chinese have left because of online gambling ban

The General Department of Immigration yesterday reported hundreds of thousands of Chinese nationals left the country after Prime Minister Hun Sen in August issued a directive banning all online and arcade gambling operations. ...

Ben Sokhean
https://www.khmertimeskh.com/50675447/gdi-attributes-mass-departure-to-online-gambling-ban

Poipet fire kills 26 and injures 57

The blaze that tore through a Poipet casino has killed 26 people and injured 57, with most of the victims Thai, Banteay Meanchey Provincial Governor Oum Reatrey said. ...

Chhorn Raksmey
https://kiripost.com/stories/poipet-fire-kills-26-and-injures-57

NagaWorld’s profits soar in 2017

Phnom Penh’s NagaWorld casino posted a massive increase in profits and revenue driven by strong growth in high-value guests last year, with the amount of money gambled by VIPs at the capital’s only casino exceeding Cambodia’s gross domestic product for 2016. ...

Brendan O’Byrne
http://www.phnompenhpost.com/business/nagaworlds-profits-soar-2017

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