Bokor resort slated to bolster Kampot tourism
Kampot officials are looking to the Bokor Mountain Resort, a US$1 billion project that opens today, to drive tourism growth in the burgeoning seaside destination. The provincial Tourism Department said the number of domestic visitors to Kampot had risen 120 per cent to 338,000 in the ...
Smart rolls out 4G network
Mobile internet speeds in Cambodia are ratcheting up a notch. Smart Mobile, the country’s second largest operator by subscribers, is making 4G LTE internet available to customers this week, the company announced yesterday during the launch of the service at NagaWorld Casino. Thomas Hundt, CEO of Smart, ...
Eddie Morton
http://www.phnompenhpost.com/business/smart-rolls-out-4g-network
Naga Corp Reports 23 Percent Profit Growth
NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...
http://www.cambodiadaily.com/business/nagacorp-reports-23-percent-profit-growth-9646/
Casinos rake in $2 billion
Cambodia’s casino industry generates close to $2 billion in revenue a year and accounts for nearly 40 per cent of the Kingdom’s tourism revenue, a central bank official said yesterday.Chea Serey, director-general of the National Bank of Cambodia, told a workshop on statistics in international ...
Sor Chandara
http://www.phnompenhpost.com/business/casinos-rake-2-billion
EGA reports Cambodian casino losses
Nasdaq-listed Entertainment Gaming Asia (EGA) reported a net loss of $6.7 million for the fourth quarter of 2016, compared with a loss of $2.7 million in the same time in 2015 largely due to the cancellation of its operations in Cambodia, the company said in ...
Kali Kotoski
http://www.phnompenhpost.com/business/ega-reports-cambodian-casino-losses
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
Aus firm buys Poipet casino
Australian-listed firm Donaco International, which currently has operations in Vietnam, has confirmed it is entering Cambodia’s already-crowded casino and gaming industry. The company announced on Friday that it had entered into an acquisition agreement to purchase the Star Vegas Resort and Club casino in Cambodia’s Poipet ...
Chan Muyhong
http://www.phnompenhpost.com/business/aus-firm-buys-poipet-casino
Casino bill likely this year
The National Assembly will likely approve a casino-management bill before the end of the year, which is aimed at doubling gambling revenues and bringing the industry on par with international standards, said a senior official from the Ministry of Economy and Finance. Ros Phearun, deputy director ...
May Kunmakara
http://www.phnompenhpost.com/business/casino-bill-likely-year
Ha Tien Vegas Casino closes due to bankruptcy
Ha Tieng casino in Kampot province, Bordering with Vietnam was closed due to bankruptcy after there were no gamblers. According to the source, there were about 2 000 staffs laid off. Gamblers are Vietnamese but when Vietnamese government banned its people from going to gamble ...
Cambodia Bets Casinos Can Boost Tourism
Cambodian developers are betting that casinos can make the tiny Southeast Asian country a bigger draw for high-spending tourists. The nation of 15 million people has more than 25 casinos, but most are small affairs in rough-and-tumble border towns that cater to hard-core Thai, Chinese and ...
http://online.wsj.com/article/SB10001424052702304750404577317094266574870.html
Government approves Sihanoukville ‘Casino city’ plans
Malaysia-based company SV International was granted permission by the Council of Ministers earlier this month to begin the initial stage of grand plans to turn part of Sihanoukville into a “casino city,” an official confirmed. ...
Hannah Hawkins and Ben Sokhean
https://www.cambodiadaily.com/news/government-approves-sihanoukville-casino-city-plans-110478/
Casino operator’s winning streak continues
Nagacorp Ltd, the Cayman Islands-registered operator of Cambodia’s NagaWorld casino and hotel complex, recorded $153.8 million in gross gaming revenue during the first quarter of 2016, a 35 per cent increase over the same period last year. ...
Cam McGrath
http://www.phnompenhpost.com/business/casino-operators-winning-streak-continues
VIPs roll into capital’s casino
Nagacorp Ltd, the Hong Kong-listed operator of Cambodia’s NagaWorld casino and hotel complex, posted $3.73 billion in VIP rolling chip volume during the first quarter of 2017, a 34 percent year-on-year increase, while mass market buy-ins and electronic gaming machine (EGM) growth remained steady, the ...
Kali Kotoski
http://www.phnompenhpost.com/business/vips-roll-capitals-casino
Another Russian arrested over casino brawl
Police in Sihanoukville on Monday arrested Russian national Roman Dragomir, 39, for his alleged involvement in a violent brawl between two groups of foreigners at the Queenco Hotel & Casino in February, an official said. ...
Kang Sothear
https://www.cambodiadaily.com/news/another-russian-arrested-over-casino-brawl-86218/
Tycoon under fire for casino project
A tycoon who is building a casino and a dam in Oddar Meanchy province has come under fire for displacing villagers – and possibly the military. ...
Phak Seangly
http://www.phnompenhpost.com/national/tycoon-under-fire-casino-project
Opposition Questions Shortcoming in Government Revenue
The National Assembly on Friday passed a law approving the government’s revenue and spending in 2011, drawing criticism from the opposition, which claimed the amount taken in by the government during the period was too low. All 77 CPP lawmakers present voted in favor of the ...
http://www.cambodiadaily.com/news/opposition-questions-shortcomings-in-government-revenue-8468/
Tonle Bassac: Primed for the future
Tonle Bassac is located on the western shore of the Bassac River, from which it takes its name (Tonle is Khmer for ‘river’). Contained by the river to the east, Sihanouk Boulevard to the north and Norodom Boulevard to the west, Tonle Bassac hooks westward ...
David Murphy
http://www.phnompenhpost.com/real-estate/tonle-bassac-primed-future
Nagacorp could bid on Cyprus casino licence
Nagacorp Ltd, the parent company of NagaWorld, Cambodia’s biggest casino, is expected to bid on a licence to operate the first casino resort in Cyprus, according to a media report from the Mediterranean island. ...
Post Staff
http://www.phnompenhpost.com/business/nagacorp-could-bid-cyprus-casino-licence
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
$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