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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 ...

http://thesoutheastasiaweekly.com/?p=5267

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

Vietnamese firm to invest in massive casino

A little-known Vietnamese investment firm plans to build a massive $200 million mixed-use development that includes a hotel, casino and water park in the dusty Cambodian border town of Bavet through its fully-owned Malaysian subsidiary, a government official confirmed yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/vietnamese-firm-invest-massive-casino

Revenues Down at Pailin’s Dreamworld Casino

U.S.-listed firm Entertainment Gaming Asia’s (EGA) Dreamworld casino in Poipet province has seen revenue drop by almost 18 percent this year, according to financial results released by the company. Results issued on Thursday from Hong Kong said the casino, which opened in May 2012, made revenue ...

http://www.cambodiadaily.com/business/revenues-down-at-pailins-dreamworld-casino-39102/

EdC to light up casino town

Electricite du Cambodge (EdC) has announced an $84.5 million project that will see the Vietnamese border town of Bavet connected to the Kingdom’s power grid. EdC representatives told media on January 15 that the Chinese government will in part fund the power grid expansion from Kandal ...

Chan Muyhong
http://www.phnompenhpost.com/business/edc-light-casino-town

Investor Decries Export Tax on Cambodian Seafood

A major Hong Kong investor in Cambodia has claimed that a government duty on seafood exports is stunting the country’s fish proc­essing industry. Hong Kong-based Sunwah Group began operating a shrimp-processing factory in Sihanoukville in 1994, and its plans in the country now include building a ...

http://www.cambodiadaily.com/business/investor-decries-export-tax-on-cambodian-seafood-23258/?utm_source=rss&utm_medium=rss&utm_campaign=investor-decries-export-tax-on-cambodian-seafood

Cambodian buses in Saigon to be strictly controlled

In the petition to the National Road Administration, Deputy Director of the HCM City Department of Transportation – Mr. Duong Hong Thanh, reported that at the time the Vietnam-Cambodia agreement on land transportation took effect, only 40 cars of each country were allowed to cross ...

http://english.vietnamnet.vn/fms/society/74337/cambodian-buses-in-saigon-to-be-strictly-control.html

Koh Rong Sanloem casino ‘is flouting’ closure order

A Preah Sihanouk provincial official said on Thursday that the owner of Jinding Hotel and Casino on Koh Rong Sanloem is flouting the authorities’ order to close the business by March 22. Preah Sihanouk Provincial Hall spokesman Kheang Phearum told The Post that the provincial ...

Khorn Savi
https://www.phnompenhpost.com/national/koh-rong-sanloem-casino-flouting-closure-order

NagaCorp sits out South Korean casino offering

NagaCorp, the Hong Kong stock exchange-listed parent company of NagaWorld, is not bidding for a South Korean casino permit, the company said in a filing to the exchange. ...

Post Staff
http://www.phnompenhpost.com/business/nagacorp-sits-out-south-korean-casino-offering

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