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News

Tax revenue from casino sector drops

Tax revenue from Cambodia’s casino industry cratered in 2020 as Covid-19 prompted the government to tighten entry restrictions, limiting the number of international visitors to the Kingdom, according to a Ministry of Economy and Finance senior official on March 21. ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-casino-sector-drops

Delayed new casino confirms opening target

Century Entertainment has confirmed the opening target  and relocation  of a new casino to Dara Sakor. The project had been delayed since January. The delay was down to pandemic related business conditions including logistics problems in the delivery of essential equipment.   ...

Khmer Times Staff
https://www.khmertimeskh.com/50812067/delayed-new-casino-confirms-opening-target/

After human drain from Sihanoukville, casinos follow suit

Sihanoukville is set to lose yet another casino as Century Entertainment International Holdings, formerly known as Amax International Holdings Limited, will relocate its gaming floor from Sihanoukville to the up and coming tourist spot of Dara Sakor in Koh Kong province. ...

Jason Boken
https://www.khmertimeskh.com/50770745/after-human-drain-from-sihanoukville-casinos-follow-suit/

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

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

Union claims casino labour abuse

The Collective Union of Movement of Workers has sent a letter to the Ministry of Labour seeking intervention over abusive working conditions for staffers at a casino in Banteay Meanchey province’s Poipet town. ...

Sen David
http://www.khmertimeskh.com/5099378/union-claims-casino-labour-abuse/

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

Donaco’s Poipet gamble pays off

Casino operator Donaco International Ltd posted a seven-fold increase in revenue in its first full-year financial filing since acquiring the Star Vegas Resort and Club in Banteay Meanchey province’s Poipet commune, according to the company’s audited annual report, released yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/donacos-poipet-gamble-pays

Court Order Ends NagaWorld Strike, Sends Staff Back to Work

Hundreds of employees of Phnom Penh’s NagaWorld casino and hotel returned to work Wednesday in response to a court order telling them to end their nearly two-week-long strike. Staff demanding that the high-grossing company raise their minimum pay from $80 to $150 per month have been ...

http://www.cambodiadaily.com/business/court-order-ends-nagaworld-strike-sends-staff-back-to-work-32435/

Spending in NagaCorp casino drops

Spending in NagaCorp’s casino has dropped by about 4.4 per cent in the first quarter of the year compared with the same period last year. Some $1.17 billion was gambled in the casino from January to March this year, said a company quarterly report released last ...

http://www.phnompenhpost.com/2013052865866/Business/spending-in-nagacorp-casino-drops.html

Poipet Casino Grand Opening set for Next Month

U.S. listed gambling firm Entertainment Gaming Asia Inc. (EGA) will next month hold a grand opening for its second casino on the Thai-Cambodia border, the company said. In a statement issued on Monday from Hong Kong, it said that Dreamworld Club in Poipet, which has been ...

http://www.cambodiadaily.com/business/poipet-casino-grand-opening-set-for-next-month-19965/

Naga World Boss Acquires Billionaire Status

The Malaysian founder of Phnom Penh’s only licensed casino, Chen Lip Keong, is now a billionaire after seeing his fortune multiply in size in recent years, according to Forbes magazine. The magazine, which calculates the wealth of individuals using company data, published a list of the ...

http://www.cambodiadaily.com/

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/

Striking Casino Workers Court Ordered Back to Work

The Banteay Meanchey provincial court has ordered casino workers in a border town to resume work, following a five day strike over poor working conditions. The provincial court judge, Pich Vicheathor, told workers they must resume their work or be fired, workers said. The workers say ...

http://www.voacambodia.com/content/striking-casino-workers-court-ordered-back-to-work/1563653.html

Casino Workers Strike Over Fired Union Leaders

More than 200 workers at Poipet City’s Casino Tropicana went on strike over the weekend, calling for management to improve working conditions and rehire two Free Trade Union (FTU) members who were fired earlier this year. Workers said that Sat Sep, formerly the representative of the ...

http://www.cambodiadaily.com

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