News

Nagaworld reaches tax deal

NagaWorld, a subsidiary of a Hong Kong-listed NagaCorp, reached a deal with the Ministry of Economy and Finance to pay a new tax rate on their non-gaming operations, said a ministry official. ...

May Kunmakara
http://www.khmertimeskh.com/news/29693/nagaworld-reaches-tax-deal/

Malaysian firm wagers on Sihanoukville's potential

An obscure Malaysian company has obtained approval from Cambodia’s Council of Ministers to develop hotels and casinos in Sihanoukville, with an online promotional video claiming the firm will transform the coastal city into the “Macau of Southeast Asia.”     ...

Sor Chandara
http://www.phnompenhpost.com/business/malaysian-firm-wagers-sihanoukvilles-potential

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

Aus firm buys Poipet casino

Australian-listed firm Donaco International, which currently has operations in Vietnam, has confirmed it is entering Cambodia’s already-crowded casino and gaming industry. The company announced on Friday that it had entered into an acquisition agreement to purchase the Star Vegas Resort and Club casino in Cambodia’s Poipet ...

Chan Muyhong
http://www.phnompenhpost.com/business/aus-firm-buys-poipet-casino

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

Cambodia revising gambling laws to attract investment

The Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators, industry sources have confirmed to GGRAsia. Earlier on Tuesday, the Phnom Penh Post reported that the new draft of the national casino law could be finalised ...

GGRAsia News Staff
http://www.ggrasia.com/cambodia-revising-gambling-laws-to-attract-investment/

Gambling on change

The Cambodian government is drafting a series of changes to the Kingdom’s gaming laws in a bid to draw major players from Macau and the US to the market and potentially create a new tax base from the growing, if currently illegal, online betting industry, ...

Eddie Morton
http://www.phnompenhpost.com/business/gambling-change

Thai gamblers drop after coup

The number of Thai visitors crossing the border to place bets at Cambodian casinos has fallen since that country’s military staged a coup late last month. Kim Ledaro, managing director of Crown Resorts Co, which operates three Crown-branded casino resorts in Bantey Meanchey province’s Poipet town, ...

Chan Muyhong
http://www.phnompenhpost.com/business/thai-gamblers-drop-after-coup

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