Industries
Gaming
Tourists from Thailand gambling on Cambodia’s Poipet lure
Just 3.5 hours away from Bangkok, Poipet is popular with tourists looking to exit and reenter Thailand’s border to gain more time in the kingdom, said Thaiger, a Thai based media outlet. ...
Khmer Times Staff
https://www.khmertimeskh.com/501226605/tourists-from-thailand-gambling-on-cambodias-poipet-lure/
Poipet fire kills 26 and injures 57
The blaze that tore through a Poipet casino has killed 26 people and injured 57, with most of the victims Thai, Banteay Meanchey Provincial Governor Oum Reatrey said. ...
Chhorn Raksmey
https://kiripost.com/stories/poipet-fire-kills-26-and-injures-57
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
Gov’t renews 70 casino and game of chance firms
The General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) of the Ministry of Economy and Finance (MEF) has renewed the validity of 70 licenses to casino and game of chance companies nationwide in the second quarter of this year, according to a release ...
Kang Sothear
https://www.khmertimeskh.com/501135965/govt-renews-70-casino-and-game-of-chance-firms/
Thousands of Chinese leave Kingdom after ban on online gambling
The General Department of Immigration yesterday reported that tens of thousands of Chinese nationals left the Kingdom before the end of last year since the ban on online and arcade gambling was announced by Prime Minister Hun Sen in August. ...
Ben Sokhean
https://www.khmertimeskh.com/50685775/thousands-of-chinese-leave-kingdom-after-ban-on-online-gambling
Immigration Dept says 400,000 Chinese have left because of online gambling ban
The General Department of Immigration yesterday reported hundreds of thousands of Chinese nationals left the country after Prime Minister Hun Sen in August issued a directive banning all online and arcade gambling operations. ...
Ben Sokhean
https://www.khmertimeskh.com/50675447/gdi-attributes-mass-departure-to-online-gambling-ban
Online crackdown continues
Prime Minister Hun Sen has vowed to clamp down on all online and arcade gambling operations in a move to safeguard national security and curb money laundering in the Kingdom. ...
Khuon Narim
https://www.khmertimeskh.com/50672721/continue-to-crack-down-on-online-and-arcade-gambling-pm
Casino investment boosts Kingdom’s construction sector
Increasing casino investment has brought the construction sector to provinces along Cambodia’s borders, World Bank (WB) senior economist for Cambodia Ly Sodeth said on Wednesday. In the latest WB Cambodia Economic Update (CEU) report published on Wednesday, Sodeth said that the construction sector has boomed in Banteay ...
Thou Vireak
https://www.phnompenhpost.com/business/casino-investment-boosts-kingdoms-construction-sector
Entertainment and Investment expo slated for early next year
The third edition of the Asia Entertainment and Investment Expo, also known as AGE Cambodia 2020, will be held at Sokha Beach Resort in Sihanoukville on March 26 and 27, according to the official website for the event. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50661036/entertainment-and-investment-expo-slated-for-early-next-year/
Gambling ban driving Chinese nationals away
Tens of thousands of Chinese nationals are reportedly leaving the Kingdom following a government ban on online gambling intended to reduce the number of crimes committed by foreigners. On August 18, Prime Minister Hun Sen issued a directive banning all online and arcade gambling in the ...
Ben Sokhean
https://www.khmertimeskh.com/50641757/gambling-ban-driving-chinese-nationals-away/
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
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 Ltd unveils Naga 3
NAGACORP Ltd, which owns Phnom Penh’s only licensed casino NagaWorld, announced its $4 billion Naga 3 Project on the site of the former “White Building” in Tonle Bassac commune, a 29-page document filed with the Stock Exchange of Hong Kong Limited said. The company’s announcement ...
Sorn Sarath and Hin Pisei
https://www.phnompenhpost.com/business/nagacorp-ltd-unveils-naga-3
Number of casinos jumps by 53% in 2018
Cambodia granted 52 licences to casinos last year, bringing the total awarded to 150 at the end of 2018, thanks largely to a surge in gambling businesses in the Kingdom’s Preah Sihanouk province. ...
Hor Kimsay
https://www.phnompenhpost.com/business/number-casinos-jumps-53-2018
NagaWorld’s profits soar in 2017
Phnom Penh’s NagaWorld casino posted a massive increase in profits and revenue driven by strong growth in high-value guests last year, with the amount of money gambled by VIPs at the capital’s only casino exceeding Cambodia’s gross domestic product for 2016. ...
Brendan O’Byrne
http://www.phnompenhpost.com/business/nagaworlds-profits-soar-2017
Big trouble in little China? Exploring Chinese investment in Sihanoukville
The coastal city of Sihanoukville is undergoing a massive transformation. Once perceived as a seedy haunt for lethargic backpackers and expats, a flood of Chinese tourists and investors has begun to alter the landscape by setting up everything from gaudy casinos to towering luxury resorts ...
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/post-depth-business/big-trouble-little-china-0
Naga profits hit jackpot again
NagaCorp’s winning streak shows no signs of letting up, with the Hong Kong-listed casino operator posting another impressive half-year result, reporting profits up more than 20 percent year-on-year during the first six months of 2017 on a surge in VIP rollings and visits to its ...
Cam McGrath
http://www.phnompenhpost.com/business/naga-profits-hit-jackpot-again
Naga CEO Lip Keong seeking majority stake
Nagacorp Ltd, the operator of Phnom Penh’s NagaWorld hotel and casino complex, announced that the company’s chief executive, Chen Lip Keong, has submitted a proposal to shareholders and the Hong Kong Stock Exchange that would allow him to divest his personal investment of $369 million ...
Post Staff
http://www.phnompenhpost.com/business/naga-ceo-lip-keong-seeking-majority-stake
Lottery hopes to soar on Wing network
Mohaleap Lotto, a subsidiary of Cambodia’s Royal Group, officially entered the Kingdom’s lottery gaming market this month, hoping to disrupt a business sector currently dominated by black market outlets, a company executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/lottery-hopes-soar-wing-network
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
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
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
Casino in Poipet shut; reasons unknown
A Poipet venue offering online gambling and affiliated with nearby Crown Casino was closed by authorities over the weekend, according to a company security official. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/casino-poipet-shut-reasons-unknown
Casino tax revenue rises
The government collected $48 million from the casino industry last year, a rise of about 40 per cent compared with 2015. Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department, said that along with an effort by the government to improve tax revenue, ...
May Kunmakara
http://www.khmertimeskh.com/news/36411/casino-tax-revenue-rises/