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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

OZ Minerals Completes Sale of Cambodian Assets

Australian mining firm OZ Minerals announced yesterday that it has successfully sold its Cambodian mining assets to Renaissance Minerals Limited for AU$17.8 million, or $19.2 million, after years of disappointing gold exploration results here. According to the statement, Renaissance now controls the 1,100-square-km core of the ...

Okvau resource’s value at centre of dispute

Gold in Mondolkiri is at the center of a dispute between OZ Minerals and Shin Ha Mining Co Ltd after an alleged breach in contract. OZ Minerals bought out Shin Ha Mining Co Ltd from their joint venture without paying the true value of the ...

http://www.phnompenhpost.com/index.php/2011070750240/Business/okvau-resources-value-at-centre-of-dispute.html

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/

Belt and Road projects yield fruits, forge ahead amid pandemic in Asia-Pacific, especially Cambodia

The China-funded 60,000-seat Morodok Techo National Stadium, built in Cambodian capital Phnom Penh, was handed over to Cambodia in September. The country is now ready to host the Southeast Asian Games in 2023. ...

Khmer Times Staff
https://www.khmertimeskh.com/50993676/belt-and-road-projects-yield-fruits-forge-ahead-amid-pandemic-in-asia-pacific-especially-cambodia/

Olympic bid ends with Sorn Seavmey loss

Hopes of Cambodia’s first-ever Olympic medal crumbled on Saturday evening as taekwondo star Sorn Seavmey was comfortably beaten by Reshmie Oogink of the Netherlands. ...

Ouch Sony
https://www.cambodiadaily.com/news/olympic-bid-ends-sorn-seavmey-loss-116980/

Casino owner’s woes persist

The share price of Cambodian casino owner Entertainment Gaming Asia has fallen below the minimum requirement of the Nasdaq Stock Market, threatening the gaming company’s US listing, according to a statement posted on EGA’s website last week. EGA has been given 180 days – until October ...

Eddie Morton
http://www.phnompenhpost.com/business/casino-owner%E2%80%99s-woes-persist

As PM ‘brags’, scammers try to strike gold

Prime Minister Hun Sen yesterday sang the praises of Cambodia’s first gold medallist in 44 years – suggesting Sorn Seavmey’s achievement was the “only thing Cambodia can brag about” – as the Kingdom’s Olympic Committee warned of bogus Facebook accounts in her name soliciting money. After ...

Taing Vida
http://phnompenhpost.com/national/pm-%E2%80%98brags%E2%80%99-scammers-try-strike-gold

Firm says gold deposit discovered in Mondolkiri

Renaissance Minerals announced Friday it has discovered a high-grade gold deposit in an area in Mondolkiri province that lies within the Australian firm’s Cambodian Gold Project. The new find is located about 500 meters to the northeast of the company’s Okvau exploration zone. The announcement comes ...

Gaming Company Posts Record Quarter of $5.2M

Entertainment Gaming Asia Inc. (EGA), which owns a number of casinos in Cambodia, as well as provides gaming machines to other local gambling venues, announced on Tuesday that quarterly revenues from April through June reached a record $5.2 million, up 14 percent compared to the ...

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. ...

http://www.phnompenhpost.com/index.php/2012040455409/Business/gaming-firm-to-expand-poipet-operations.html

Nagaworld reaches tax deal

NagaWorld, a subsidiary of a Hong Kong-listed NagaCorp, reached a deal with the Ministry of Economy and Finance to pay a new tax rate on their non-gaming operations, said a ministry official. ...

May Kunmakara
http://www.khmertimeskh.com/news/29693/nagaworld-reaches-tax-deal/

Poipet Casino Grand Opening set for Next Month

U.S. listed gambling firm Entertainment Gaming Asia Inc. (EGA) will next month hold a grand opening for its second casino on the Thai-Cambodia border, the company said. In a statement issued on Monday from Hong Kong, it said that Dreamworld Club in Poipet, which has been ...

http://www.cambodiadaily.com/business/poipet-casino-grand-opening-set-for-next-month-19965/

No Investigation of OZ Minerals Deal, Police Say

The Australian Federal Police (AFP) have decided not to investigate the Australian mining company OZ Minerals, saying information that the firm paid hundreds of thousands of dollars to family members of officials in the Ministry of Industry, Mines and Energy (Mime) when buying out its ...

http://www.camnet.com.kh/cambodia.daily/

Police reopen OZ, Cochlear bribery cases

THE Australian Federal Police will reopen corruption inquiries into major Australian companies OZ Minerals and Cochlear, after searing criticism that it was lax in its investigations. OZ Minerals will be targeted following discussions with the OECD about the AFP’s previous investigation of alleged foreign ...

http://www.smh.com.au/business/police-reopen-oz-cochlear-bribery-cases-20130112-2cmrt.html

Gaming Asia opens new club

Entertainment Gaming Asia will open up it’s second Dreamworld Club in Cambodia in the Thai-Cambodia border town of Poipet, in  Banteay Meanchey province,  according to a media release from the US-listed company on Monday. ...

http://www.phnompenhpost.com/2013042565219/Business/gaming-asia-opens-new-club.html

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