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Cambodia earns $2 bn from its casino annually

Cambodia’s casino industry has generated a revenue of approximately $2 billion per annum, the country’s central bank chief said here on Wednesday. ...

Business Standard News Staff
http://www.business-standard.com/article/news-ians/cambodia-earns-2-bn-from-its-casinos-annually-115093000332_1.html

Cambodia revenue drives profit surge at casino supplier

Entertainment Gaming Asia, a Nasdaq-listed company that supplies electronic gaming machines, posted a an 88 percent year-on-year rise in its third-quarter profit, citing higher sales in Cambodia as a major driver of its growth, according its filing to the Nasdaq on Monday in New York.  ...

May Kunmakara
http://www.khmertimeskh.com/news/17676/cambodia-revenue-drives-profit-surge-at-casino-supplier/

Cambodia okays LYP Group casinos' online gambling sites

Cambodia has given permission for three L.Y.P. Group casinos to launch online gambling operations.The L.Y.P. Group, which is run by Cambodian People’s Party Senator Ly Yong Phat, operates three casinos on the country’s border with Thailand; the Koh Kong Resort on the country’s southern coast, ...

Steven Stradbrooke
http://calvinayre.com/2015/11/19/casino/cambodia-okays-lyp-group-casino-online-gambling-sites/

Tax revenue from casinos rises sharply in 2015

Thanks to improved collection efforts, a total of $34.7 million in taxes was taken in from Cambodia’s casinos in 2015, a 33 percent increase on the previous year, the Finance Ministry said on Monday. Ros Phearun, deputy director-general of the ministry’s finance industry department, said ...

Kang Sothear
https://www.cambodiadaily.com/news/tax-revenue-from-casinos-rises-sharply-in-2015-105069/

NagaCorp casino 2016 profits show modest growth

Cambodian casino operator NagaCorp Ltd posted a net profit of $184.2 million last year, a 7 percent increase over the previous year, with growth largely tempered by a lacklustre surge in business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh.While ...

Kali Kotoski
http://www.phnompenhpost.com/business/nagacorp-casino-2016-profits-show-modest-growth

Donaco in negotiations to buy Cambodian casino business

Donaco International Ltd has signed an exclusive term sheet to acquire “a significant gaming and hospitality business in Cambodia”, the company said. It did not provide further details on the acquisition target. ...

GGRAsia News Staff
http://www.ggrasia.com/donaco-in-negotiations-to-buy-cambodian-casino-business/

Cambodia plans to allow locals in national casinos

The government of Cambodia is considering to allow local citizens to gamble in casinos. Currently, only foreigners are allowed to gamble in the country’s local casinos. According to an official from Cambodia’s Ministry of Economy and Finance, the government is considering to lift the restrictions on local residents, since ...

Jason Glatzer
http://www.pokernews.com/news/2014/09/cambodia-to-allow-locals-in-casinos-19284.htm

With Election on the Horizon, Politicians Defend Land Policies

Cambodian politicians have begun a public campaign to defend their records on land policies, as they prepare for the run-up to July elections. Politicians from the ruling Cambodian People’s Party, as well as the opposition Sam Rainsy and Human Rights parties, have said they will give ...

http://www.voacambodia.com/content/with-election-on-the-horizon-politicians-defend-land-policies/1576515.html

Star Vegas casino turns profit as VIPs chip in

A new VIP gambling room at the Star Vegas Resort and Club casino in Poipet raked in nearly $700,000 in revenue during its first full month of operation, its management announced yesterday.Joey Lim, managing director of Australian casino operator Donaco International Ltd, said the new ...

Cam McGrath
http://www.phnompenhpost.com/business/star-vegas-casino-turns-profit-vips-chip

Cambodia’s new casino bill faces likely delay: report

A bill to regulate the management of Cambodia’s casino industry could be approved by the country’s National Assembly (pictured) in the first quarter of 2016, reported the Khmer Times newspaper, quoting an official from the Ministry of Economy and Finance. ...

GGRAsia News Staff
http://www.ggrasia.com/cambodias-new-casino-bill-faces-likely-delay-report/

Betting online: casino operator moving into lucrative software development

A local firm has seen revenues grow by adding online operations to its casino, allowing it to take bets from offshore players. Now it is designing the software that allows other casinos to get a piece of the action. ...

Ayanna Runcie
http://www.phnompenhpost.com/business/betting-online-casino-operator-moving-lucrative-software-development

Wife of Pailin Governor Reaps Benefits From Casino Deal

Venturing into Cambodia’s casino market in May 2011, Macau-backed gambling firm Entertainment Gaming Asia (EGA) promised tens of thousands of dollars to the wife of Pailin’s provincial governor in order to lease land for the construction of a new casino, documents filed with the U.S. ...

Simon Lewis and Hul Reaksmey
http://www.cambodiadaily.com/news/wife-of-pailin-governor-reaps-benefits-from-casino-deal-40660/

Gamblers risk illegal crossing to get to Cambodia casinos

Hundreds of Vietnamese gamblers trying to get to casinos in Cambodia are testing tightened security at two border gates in Long An Province, and a crackdown at Binh Hiep Border Gate has opened a market for gangs facilitating illegal crossings or bribing guards. ...

Vietnamnet News Staff
http://english.vietnamnet.vn/fms/society/123023/gamblers-risk-illegal-crossing-to-get-to-cambodia-casinos.html

Russian charged over man’s shooting during casino clash

A Russian expatriate accused of shooting a man during a fight between two groups of foreigners at a Sihanoukville casino in February was charged with intentional violence Tuesday and sent to prison to await trial, officials said. ...

Kang Sothear
https://www.cambodiadaily.com/news/russian-charged-over-mans-shooting-during-casino-clash-86339/

NagaWorld a no-show at arbitration meeting

A strike involving hundreds of casino workers – many who have been told their contracts have been terminated – reached an impasse yesterday after NagaWorld officials did not attend a conciliation session at the Arbitration Council, a union leader said. “The Arbitration Council could not immediately ...

http://www.phnompenhpost.com/2013062566463/National/nagaworld-a-no-show-at-arbitration-meeting.html

Shift in CNRP's political strategy to win elections

The Cambodian National Rescue Party is making a strategic shift in its bid to win the next election: focusing less on traditional hot-button issues like government corruption and territorial disputes, and instead offering voters a series of concrete new policy initiatives. This required clear and ...

http://www.phnompenhpost.com/index.php/2012120460080/National-news/shift-in-cnrps-political-strategy-to-win-elections.html

NagaWorld strikers fired en masse

Nagaworld casino has fired more than 400 workers who have spent about 10 days striking to demand a wage increase, union leaders, workers and a leaked internal memo have revealed. A list of names, obtained by the Post yesterday, was emailed to management and senior staff ...

http://www.phnompenhpost.com/2013062466447/National/nagaworld-strikers-fired-en-masse.html

Rights Group Calls for Investigation of Thai Casino Torture Case

Local human rights group Adhoc has called on the government to investigate the alleged detention and torture of a Cambodian woman at a Bangkok casino where she was employed. In a statement released Friday, Adhoc said the government must push for a “full investigation” into the ...

Lauren Crothers
http://www.cambodiadaily.com/news/rights-group-calls-for-investigation-of-thai-casino-torture-case-49552/

Cambodian casinos look to win from China anti-graft crackdown

Cambodia has long drawn tourists to sights ranging from the Khmer Rouge killing fields to the magnificent temples of Angkor. Now the country is looking to a new market: Chinese gamblers who are deserting Macau, the region’s traditional casino hub. ...

Michael Peel
http://www.ft.com/intl/cms/s/0/53452978-bd9f-11e4-9d09-00144feab7de.html#axzz3TT6Cb1E2

Cambodia's tax revenues from casinos up 12 pct last year

Cambodia earned tax revenue of over 25 million U.S. dollars from casino industry in 2014, up 12 percent year-on-year, a local Cambodian Television Network (CTN) reported Monday, citing a senior finance official. ...

The Cambodia Herald​ News Staff
http://thecambodiaherald.com/cambodia/cambodias-tax-revenues-from-casinos-up-12-pct-last-year-8349

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