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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

China to provide security equipment ahead of major events

The Chinese government will help Cambodia by providing security equipment and experience ahead of two international events to be held in the Kingdom in 2020 and 2023. ...

Ben Sokhean
https://www.khmertimeskh.com/50641756/china-to-provide-security-equipment-ahead-of-major-events/

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

Cambodia to host 6th Asian Youth Para Games in 2029

Cambodia will host the 6th Asian Youth Para Games, following the 5th Asian Youth Games in 2029, according to a press release of the National Paralympic Committee of Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501422596/cambodia-to-host-6th-asian-youth-para-games-in-2029/

Poipet project: Gaming firm starts build on slot hall

Entertainment Gaming Asia Inc, which today will launch its Dreamworld Casino in Pailin, also will break ground on a slot hall project in Poipet, near the Thai border, on Thursday, according to a company statement.   ...

http://www.phnompenhpost.com/index.php/2012050956043/Business/poipet-project-gaming-firm-starts-build-on-slot-hall.html

Cambodia celebrates success in first-time hosting of SEA Games

Cambodia on Friday celebrated its success in hosting Southeast Asian (SEA) Games for the first time, saying that the biennial multi-sport event has given a boost to the country’s sports, tourism and economy. ...

Khmer Times Staff
https://www.khmertimeskh.com/501394357/cambodia-celebrates-success-in-first-time-hosting-of-sea-games/

Naga CEO Lip Keong seeking majority stake

Nagacorp Ltd, the operator of Phnom Penh’s NagaWorld hotel and casino complex, announced that the company’s chief executive, Chen Lip Keong, has submitted a proposal to shareholders and the Hong Kong Stock Exchange that would allow him to divest his personal investment of $369 million ...

Post Staff
http://www.phnompenhpost.com/business/naga-ceo-lip-keong-seeking-majority-stake

Chinese leave Sihanoukville en masse following bust

Hotel and casino owners in Sihanoukville claim they have suffered immense losses and risk bankruptcy after Chinese investors, workers and tourists left the coastal city en masse following last month’s police arrest and extradition of 168 Chinese nationals accused of operating a transnational telecom extortion ...

Sor Chandara and Ayanna Runcie
http://www.phnompenhpost.com/business/chinese-leave-sihanoukville-en-masse-following-bust

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/

Thais hit Cambodia casinos to sidestep junta betting blitz

Desperate for a flutter during a junta crackdown on gambling at home, Thais are making a beeline for casinos in a seedy Cambodian border town — which has already been deluged by migrants also fleeing the kingdom. For over a decade Poipet, a scruffy, vice-ridden frontier ...

Business World Online News Staff
http://www.bworldonline.com/content.php?section=World&title=Thais-hit-Cambodia-casinos-to-sidestep-junta-betting-blitz&id=89616

Poipet Casino Dragging Feet on Promise

A casino in Poipet that pays wages only in Thai baht is yet to fulfil its promise to improve conditions for its 500 workers, a union representative said yesterday. Workers are still working 12­-hour days – often without a break – at the Tropicana Casino, one ...

http://www.phnompenhpost.com/index.php/2012092558900/National-news/poipet-casino-drags-feet-on-promise.html

NagaCorp Ltd unveils Naga 3

NAGACORP Ltd, which owns Phnom Penh’s only licensed casino NagaWorld, announced its $4 billion Naga 3 Project on the site of the former “White Building” in Tonle Bassac commune, a 29-page document filed with the Stock Exchange of Hong Kong Limited said. The company’s announcement ...

Sorn Sarath and Hin Pisei
https://www.phnompenhpost.com/business/nagacorp-ltd-unveils-naga-3

Gambling ban driving Chinese nationals away

Tens of thousands of Chinese nationals are reportedly leaving the Kingdom following a government ban on online gambling intended to reduce the number of crimes committed by foreigners. On August 18, Prime Minister Hun Sen issued a directive banning all online and arcade gambling in the ...

Ben Sokhean
https://www.khmertimeskh.com/50641757/gambling-ban-driving-chinese-nationals-away/

Big trouble in little China? Exploring Chinese investment in Sihanoukville

The coastal city of Sihanoukville is undergoing a massive transformation. Once perceived as a seedy haunt for lethargic backpackers and expats, a flood of Chinese tourists and investors has begun to alter the landscape by setting up everything from gaudy casinos to towering luxury resorts ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/post-depth-business/big-trouble-little-china-0

Gov’t renews 70 casino and game of chance firms

The General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) of the Ministry of Economy and Finance (MEF) has renewed the validity of 70 licenses to casino and game of chance companies nationwide in the second quarter of this year, according to a release ...

Kang Sothear
https://www.khmertimeskh.com/501135965/govt-renews-70-casino-and-game-of-chance-firms/

Macau-Backed Casino Firm to Expand Operations in Cambodia

A Macau-backed firm plans to grow its involvement in Cambodia’s casino sector as it targets the local gambling market with gaming machines and two new casinos, the company said in a financial statement filed in the US. Entertainment gaming Asia Inc, which currently provides gaming machines ...

Gaming Company Announces Casino in Poipet

Entertainment Gaming Asia Inc. (EGA), announced Monday that it will break ground Thursday on a new $7.5 million Slot Hall casino in Poipet province along the Thai border, EGA said in a statement. The casino will open by the end of the year with 300 Gaming ...

Pailin casino Dreamworld opens May 9

Entertainment Gaming Asia, an American Stock Exchange-listed company with a regional presence in both Cambodia and the Philippines, will launch its Dreamworld Casino in Pailin province on Wednesday, according to a company statement. ...

http://www.phnompenhpost.com/index.php/2012050756006/Business/game-time-pailin-casino-dreamworld-opens-may-9.html

NagaWorld posts $136M profit

On the back of a quest for high-rolling Chinese clients, NagaWorld’s gross gaming revenue soared 17 per cent in 2014, although profits were slightly down due to rising costs and lower profit margins from VIP customers. Gross gaming revenue clocked in at $381.4 million for 2014, ...

Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-posts-136m-profit

Environmentalist to be honoured in New York

The Goldman Environmental Prize winner Ouch Leng, president of the Cambodian Human Rights Task Force, has been awarded the Asia Game Changer Award for 2017 from the Asia Society. Mr Leng will go to collect the award in New York on November 1 with eight ...

Mom Sophon
http://www.khmertimeskh.com/5088344/environmentalist-honoured-new-york/

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