Officials to Grace NagaWorld’s Opening of First Vietnam Office
NagaWorld casino is set to inaugurate its first office in Vietnam on Saturday with high-ranking Cambodian officials set to attend. The casino’s owner, NagaCorp, has announced plans to draw more customers from Vietnam, though Hem Sopheak, a senior media executive for the casino, said all details ...
Strikers know when to fold 'em
More than 300 workers from the Tropicana Casino and resort in Banteay Meanchey provinces’s Poipet town obeyed a court order to end striking and return to work yesterday and official said. Hong Prakorb, a provincial official for the Labour Ministry said more than 200 workers ...
Cell Aquaculture updates on soft opening of Cambodia casino
Cell Aquaculture (ASX:CAQ) has advised the soft opening of the Roxy Casino in Cambodia for which it has executed the Heads of Agreement to acquire. It had in March agreed to acquire Roxy Casino and the Haikou Free Trade Zone project from vendors Noble Rate Limited, Tang ...
Proactive Investors News Staff
http://www.proactiveinvestors.com.au/companies/news/55215/cell-aquaculture-updates-on-soft-opening-of-cambodia-casino-55215.html
More workers rally at ongoing Naga strike
bout 100 chefs and kitchen staff walked off the job at the capital’s NagaWorld casino yesterday as a workers’ strike at the luxury entertainment venue entered its fifth day. More than 1,000 protesters — the majority of the casino’s workers — rallied outside the front entrance ...
http://www.phnompenhpost.com/2013022761629/National/more-workers-rally-at-ongoing-naga-strike.html
Union representatives summoned
Union leaders representing workers on strike at the Tropicana Casino and Resort were served with a summons by the Banteay Meanchey provincial court yesterday after a complaint by the Casino’s management. The court summons came around the time Sum Sam Ith, the Tropicana representative, sent ...
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/
Two Russians arrested after fight over Kazantip profits
Police arrested two Russian men at a rented villa in Sihanoukville on Saturday after a Moldovan man was injured in a fight that began when one side allegedly demanded a portion of the profits from the upcoming Kazantip music festival, officials said on Sunday. ...
Ouch Sony and Chris Mueller
https://www.cambodiadaily.com/news/two-russians-arrested-after-fight-over-kazantip-profits-78001/
Opposition Lawmakers Want ‘Social’ Land to Go to Farmers
Cambodian lawmakers have passed a new law on agriculture, but critics say the law does not go far enough to protect the country’s farmers. The law passed on Thursday evening, but not before debate at the National Assembly. During the debate opposition representatives called on the ...
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/
Locals still off-limits, PM cautions casinos
As Cambodian migrant workers return in droves from Thailand through the casino-laden border town of Poipet, Prime Minister Hun Sen is warning gambling parlour owners this does not mean a jackpot for them. “casinos in Phnom Penh and along the border are not for Khmer citizens,” ...
Meas Sokchea
http://www.phnompenhpost.com/national/locals-still-limits-pm-cautions-casinos
A winning wager
Near the river in Phnom Penh and next to Diamond Island, there’s a huge, bunker-like building that is almost always a beehive of activity. Inside, there are people enjoying an evening concert or strolling around studying the decor, including large stone faces of the Buddha. Others, however, are occupied with more mundane matters-placing ...
Pailin gets $4m feed processing warehouse
Chea Kea, owner of the Daimond Crown casino on the border with Thailand in Pailin province, is investing in a $4 million feed processing warehouse that will also be used to store commodities and house farm animals. Construction on the warehouse, which is expected to ...
http://www.phnompenhpost.com/2013070366629/Business/pailin-gets-4m-feed-processing-warehouse.html
Bets keep flowing as NagaWorld Employee Protest Continues
Gambling went on as usual at NagaWorld, Phnom Penh’s only licensed hotel-casino, Monday, despite an ongoing strike by employees who claim that more than 400 of them have been fired following weeks of protest. About 300 workers sat outside the casino with banners on Monday in ...
Hul Reaksmey and Simon Lewis
http://www.cambodiadaily.com/news/bets-keep-flowing-as-nagaworld-employee-protest-continues-31881/
Don’t bet on elections
The house always wins, except when there’s a disputed election scaring gamblers away from the tables. That’s the message from Entertainment Gaming Asia Inc, which operates casinos in Poipet town and Pailin province as well as supplying NagaWorld casino with slot machines. According to the company, Cambodia’s ...
Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/don%E2%80%99t-bet-elections
After charges laid, turkish stabbing suspect attempts to flee
A Turkish man who survived a drive-by shooting in Sihanoukville only to be arrested less than 24 hours later over an earlier stabbing incident was charged by the Preah Sihanouk Provincial Court on Sunday—after which he attempted to flee while still in handcuffs. ...
Ben Sokhean
https://www.cambodiadaily.com/news/after-charges-laid-turkish-stabbing-suspect-attempts-to-flee-78879/
Cambodian casinos may be at risk
As Vietnam takes steps towards legalising gambling for its own citizens, analysts warn of a threat to the bottom line at Cambodia’s premiere casino, NagaWorld, whose patronage depends largely on gamblers from neighbouring countries. Local Vietnamese news agency Thanh Nien reported on Tuesday that the Vietnamese ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/cambodian-casinos-may-be-risk
Tax revenues from casinos climb 25 per cent in 2011
The Kingdom’s 27 casinos are set to generate about US$20 million in tax revenue for the government in 2011, a 25 per cent year-on-year increase, according to the Ministry of Economy and Finance. At least one government official, however, said the lack of a regulatory regime ...
Casinos flush with locals
At 7am, the border crossing from Vietnam to Svay Rieng’s Bavet town is already buzzing with the activity of foreign gamblers arriving for a day at the casinos along National Highway 1. But throughout the day, a steady trickle of Cambodian players make their way ...
Strikes could resume, says union official
A sacked union official at the Tropicana Casino and Resort in Beanteay Meanchey province’s Poipet town said yesterday hundreds of workers would strike again if he and a colleague were not reinstated after negotiations on Sunday. ...