News

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

Junket investor’s profit falls but sticking to its Cambodia bets

Jimei International Entertainment Group, a Hong Kong-listed casino junket investor that promotes at least seven gaming tables in NagaWorld casino in Phnom Penh, reported a steep decline in profit during the first half of 2016 despite increased turnover. ...

Cam McGrath
http://www.phnompenhpost.com/business/junket-investors-profit-falls-sticking-its-cambodia-bets

Minister orders Nagaworld construction stopped

An awning at the NagaWorld casino which extends three meters onto a public sidewalk was ordered to be destroyed yesterday by the Minister of Land Management, according to officials. ...

Taing Vida
http://www.khmertimeskh.com/news/24541/minister-orders-nagaworld-construction-stopped/

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

Don’t bet on elections

The house always wins, except when there’s a disputed election scaring gamblers away from the tables. That’s the message from Entertainment Gaming Asia Inc, which operates casinos in Poipet town and Pailin province as well as supplying NagaWorld casino with slot machines. According to the company, Cambodia’s ...

Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/don%E2%80%99t-bet-elections

A confronting force on streets

As protests against land grabbing have increased in Phnom Penh in the past five years, so too have violent crackdowns by the authorities. Police have been criticised for their treatment of protesters – which has included beatings with electric batons and kicks to the stomach of ...

Shane Worrell and Chhay Channyda
http://www.phnompenhpost.com/national/confronting-force-streets

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/

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

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

Police Detain Protesting NagaWorld Staff

Nineteen NagaWorld casino employees were detained Tuesday afternoon as police attempted to break up a protest of more than 500 workers who had picketed in front of the casino for the past six days, demanding the company increase their salaries.  The workers had been striking non-violently ...

http://www.cambodiadaily.com/news/police-detain-protesting-nagaworld-staff-31336/

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

NagaCorp To Build Underground Retail Center In Phnom Penh

Nagacorp will build an underground road and retail space linking its casino complex in Phnom Penh to nearby Koh Pich, according to the announcement released by City Hall yesterday. The underground road, which will be 23 meters wide and 447 meters long, will connect to National ...

http://www.cambodiadaily.com

NagaWorld Workers Reinstated After Protests

Following six straight days of protests by hundreds of staff at NagaWorld Casino, casino management yesterday agreed to reinstate four senior workers and said they would consider increasing the entire staff’s minimum wage. Between 500 and 1,000 workers had been demonstrating over what they said were ...

http://www.cambodiadaily.com

NagaWorld Workers on Strike After Firings

More than 500 workers from Phnom Penh’s NagaWorld Casino demonstrated on Monday, in what was their fourth straight day of strike action in front of the casino over wages and the firing of four staff members Sok Narith, deputy secretary general of the Cambodian Tour­ism and ...

http://www.cambodiadaily.com/news/nagaworld-workers-on-strike-after-firings-11761/

Firm Posts fall In Profits on Slot Machines

Entertainment Gaming Asia Inc. (EGA), a U.S.-listed gaming firm operating primarily in Cambodia, posted a 93 percent decrease in profits for the first nine months of the year compared to the same period in 2011, according to the company’s financial statement released Tuesday. “The decrease ...

http://www.cambodiadaily.com

Monitors Question Casino Building New Election Body Office

Election monitoring groups are questioning the National Election Committee (NEC) recent decision to let a Phnom Penh casino fund its new multi-million dollar headquarters, a move they said would cast further doubt on the body’s independence. NagaCorp, the owner of Phnom Penh’s only licensed casino, NagaWorld, ...

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