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
Gaming firm to expand Poipet operations
American Stock Exchange-listed Entertainment Gaming Asia Inc has announced it will build and operate a slot hall as an addition to an existing casino in Poipet city on Cambodia’s border with Thailand, according to a company statement. ...
SEA and Para Game medallists awarded $6.6m
Cambodia spent about $6.6 million to reward Cambodian medallists at the 32nd SEA Games and 12th ASEAN Para Games 2023, providing essential funds for awarded athletes to support their livelihoods and future training. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodia-sea-and-para-game-medallists-awarded-66m
Schools off during SEA and ASEAN Para Games
Students across the nation have been given 28 days off school during the 32nd SEA Games and 12th ASEAN Para Games, with the possibility to study online. ...
Yatt Malai
https://kiripost.com/stories/cambodia-schools-off-during-sea-and-asean-para-games
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/
Cambodian slots help offset EGA’s losses
European Gaming machine supplier and casino operator Entertainment Gaming Asia Inc reported consolidated revenues of $7.3 million in 4Q15, a decrease of 12 per cent compared to the same period a year earlier. ...
Post Staff
http://www.phnompenhpost.com/business/cambodian-slots-help-offset-egas-losses
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
$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
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/
NGOs call for speedy passage of information freedom law
A group of 19 non-governmental organisations and associations have urged the Kingdom’s legislative and executive bodies to expedite the passage of a draft law on freedom of information, which the group said had been delayed for years. ...
Long Kimmarita
https://www.phnompenhpost.com/national/ngos-call-speedy-passage-information-freedom-law
New traffic law hurts the poor, citizens say
The introduction of the new traffic law has hit a few potholes, with some citizens complaining that it is too tough on poor families, while analysts say people in rural areas have been left in the dark about the new law’s requirements. ...
Mom Kunthear and Jonathan Cox
http://www.khmertimeskh.com/news/19443/new-traffic-law-hurts-the-poor--citizens-say/
Chinese investment in agricultural sector gives fillip to economy
Chinese investment in the Kingdom’s agricultural sector has boosted the national economy and created jobs for local people, said an expert from the Chinese Cambodian Evolution Researcher Association. ...
Nheng Chamrong
https://www.khmertimeskh.com/501359851/chinese-investment-in-agricultural-sector-gives-fillip-to-economy/
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/