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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/

Olympic Organizing Committee to Investigate Cambodian Factory

The London Organizing Committee for the Olympic Games (Locog) plans to investigate allegations that a Cambodian factory producing Olympic merchandise for Adidas is not paying workers a sustainable living wage, a spokesman for Locog said yesterday. The investigation is a response to an article published Saturday ...

Gamble on casino in Pailin looks like a loser

Crippling revenue and poor gamer numbers have prompted Entertainment Gaming Asia (EGA) to consider walking away from its Dreamworld Casino in Pailin province, according to a filing on the NASDAQ exchange on January 21. EGA, owned by Melco International Development, runs Dreamworld Casinos in Pailin and ...

Eddie Morton
http://www.phnompenhpost.com/business/gamble-casino-pailin-looks-loser

Sihanoukville casino gambled with an expired licence

reah Sihanouk provincial authorities have ordered a casino that operated in Sihanoukville shut down after it failed to renew its operating licence, local media reported yesterday.​ ...

Post Staff
http://www.phnompenhpost.com/business/sihanoukville-casino-gambled-expired-licence

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

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 ...

http://www.phnompenhpost.com/index.php/2012092558902/National-news/cambodias-gambling-law-loosely-enforced.html

High Stakes Security Game

Cambodia’s casino owners need to up the ante on security, the owners of each of the Kingdom’s 61 operating gaming venues were told yesterday at a Phnom Penh meeting called by national police authorities. Lieutenant General Sok Phal, deputy national police commissioner, said that in recent ...

http://www.phnompenhpost.com/index.php/2012082958352/National-news/cambodias-police-call-for-casino-crackdown.html

Island casino’s fate to be decided

A preah Sihanouk provincial official said on Monday that the administration would request approval from the Ministry of Environment and the National Committee for Coastal Management and Development to dismantle a Chinese casino on Koh Rong Sanloem. ...

Khorn Savi
https://www.phnompenhpost.com/national/island-casinos-fate-be-decided

Thai gamblers drop after coup

The number of Thai visitors crossing the border to place bets at Cambodian casinos has fallen since that country’s military staged a coup late last month. Kim Ledaro, managing director of Crown Resorts Co, which operates three Crown-branded casino resorts in Bantey Meanchey province’s Poipet town, ...

Chan Muyhong
http://www.phnompenhpost.com/business/thai-gamblers-drop-after-coup

Cambodian workers on £10 a week making Olympics 'fanwear’

Adidas, the sportswear company, is facing an investigation over claims that Cambodian workers are being paid £10 a week in basic wages to make official merchandise for the London Olympics. It is one of the 2012 Games’ largest sponsors, believed to have invested £100 million, and ...

http://www.telegraph.co.uk/sport/olympics/news/9399363/Cambodian-workers-on-10-a-week-making-Olympics-fanwear.html

Locally Created Video Game Tops Apple's Downloads in Cambodia

A group of 12 Cambodians has developed a new video game for the iPhone that just two weeks after its release has become Cambodia’s most-downloaded game in Apple Inc.’s online store. Since it was released on November 30, “Asva the Monkey” has had more than 3,000 ...

http://www.cambodiadaily.com/news/locally-created-video-game-tops-apples-downloads-in-cambodia-6761/

US Firm to Open Its Second Casino in Cambodia

A U.S.-listed gaming company is set to open its second casino in Cambodia next month, the company said as it announced its revenues had grown to more than $20 million in 2012. Entertainment gaming Asia Inc. (EGA), which is backed by Macau-based Melco International Development Limited ...

http://www.cambodiadaily.com/business/us-firm-to-open-its-second-casino-in-cambodia-14421/

Commission hold workshop to explain gambling laws

Commercial Gambling Management Commission of Cambodia (CGMC) has organised a workshop to disseminate information about the Law on the Management of Integrated Resorts and Commercial Gambling to authorities at all levels as a basis for their cooperation with all relevant institutions for higher efficiency in ...

Lay Samean and Sek Prak
https://www.phnompenhpost.com/national/commission-hold-workshop-explain-gambling-laws

New stadium to be constructed

Cambodia will start the construction of a new and more modern stadium on Friday, an official said. Prime Minister Hun Sen will preside over the groundbreaking ceremony for the stadium’s construction, covering 83 hectares of land in the commune of Bak Kheng, in the Russey Keo ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=NjExZTRjYzQ0ZTA

Money launderer’s dream

Cambodia’s anti-money laundering agency is unable to investigate or penalise financial institutions that break the law, leaving the country open to exploitation by organised crime, according to a senior official in the unit.The Financial Action Task Force (FATF) – the top international anti-money laundering and ...

Daniel Pye
http://www.phnompenhpost.com/national/money-launderers-dream

Dreams not panning out

In the shadow of Anlong Mountain in Preah Vihear province, the whir of engines pierces the tranquil scrubland. Here, in the midday heat, a group of workers scour the earth for traces of gold. A licence granted to Malaysian gold miner Delcom, which first began ...

May Titthara and Alice Cuddy
http://www.phnompenhpost.com/national/dreams-not-panning-out

NagaCorp Holds Ground Breaking Ceremony for Naga2 Development

NagaCorp Ltd. (“NagaCorp” or the “Company”, SEHK stock code: 3918), the largest hotel, gaming and leisure operator in Cambodia, held the official ground breaking ceremony yesterday for Naga2, a large-scale mixed-use expansion that will be completed by 2015. Situated 200 meters from the existing NagaWorld, ...

http://world.einnews.com/pr_news/122399929/nagacorp-holds-ground-breaking-ceremony-for-naga2-development

Dream deferred in S’pore

As another Cambodian maid who travelled to Singapore under a pilot scheme between the two countries prepares to return home this week alleging labour rights abuses, recruitment agencies in Phnom Penh continue to look for more women to sign up for the overseas work. The ...

Phak Seangly and Alice Cuddy
http://www.phnompenhpost.com/national/dream-deferred-spore

Adidas Denies Allegations of Low Wages for Factory Workers

German sports brand Adidas yesterday denied allegations that its Cambodian factory, which produces Olympic merchandise, was not paying workers a sustainable living wage. The London Organizing Committee for the 2012 Olympic Games (Locog) said on Sunday it would investigate claims that Adidas has violated its agreement ...

Firm Posts fall In Profits on Slot Machines

Entertainment Gaming Asia Inc. (EGA), a U.S.-listed Gaming firm operating primarily in Cambodia, posted a 93 percent decrease in profits for the first nine months of the year compared to the same period in 2011, according to the company’s financial statement released Tuesday. “The decrease ...

http://www.cambodiadaily.com

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