Tag Archives: Cambodia
Cambodia – NagaCorp launches new non-gaming resort called Angkor Lake of Wonder
NagaCorp has signed up two architect firms; US-based Steelman Partners and Genslera to develop a non-gaming resort called Angkor Lake of Wonder on a prime piece of development land, south of the outer restricted zone of the world-famous Angkor Wat in Siem Reap, Cambodia. The group sees an opportunity to cross-sell between customers of Angkor…
Vietnam – Donaco starts road to recovery after months of disruption
With income minimal for the three months to September 30, Donaco International has said it has the long road to its recovery starts from its loss of AU$2.7m (US$1.9m). Gaming revenue at Star Vegas fell 45 per cent due to the closure of the casino on April 1 2020 in adherence with the Cambodian government…
Cambodia – Cambodia’s National Assembly approves new casino laws
Newspaper reports out of Cambodia have confirmed that the National Assembly has signed off on new legislation covering casino operations, including a includes a four per cent tax on VIP gaming revenues and a seven per cent tax on mass gaming revenues. There are currently 193 casinos licensed in Cambodia. There will now be a…
Cambodia – NagaWorld already back to 91 per cent of pre-COVID revenue levels
Cambodia casino operator NagaCorp has confirmed its solid recovery following the reopening of NagaWorld in Phnom Penh, with their three combined segments of its gaming revenue streams back to 91 per cent of pre-COVID GGR at US$1.7m per day. The group said: “The COVID-19 virus has affected and significantly slowed down regional tourism. However, the…
Cambodia – Century Entertainment to relocate gaming tables to Dara Sakor
Century Entertainment International Holdings, the company that used to be called Amax International Holdings, has said it will relocate gaming tables under its operations from a gaming floor in Sihanoukville to a hotel in Dara Sakor in Koh Kong Province on the Cambodian coastline. Dara Sakor, Koh Kong Province is one of the most rapidly…
Cambodia – Donaco kick-starts limited reopening of Star Vegas in Cambodia
Donaco International has confirmed the limited reopening of DNA Star Vegas in Poipet, Cambodia, from Friday, 25 September 2020. Star Vegas has been shut since the start of since April. Permission to reopen was given on July 3 pending individual approvals from the Ministry of Health, but Donaco has delayed reopening due to the fact…
Cambodia: Law on the management of IR and commercial gambling
On July 3, the Council of Ministers of the Royal Government of Cambodia passed long-awaited legislation governing its gaming industry. The draft bill – Law on the Management of Integrated Resorts and Commercial Gambling (LMCG) – is now pending for approval by the National Assembly and the Senate. In the making for almost nine years,…
Cambodia cautiously restarts its casino gaming industry
After a government mandated three-month closure, Cambodia’s casino industry has begun the process of re-opening. The central government had previously implemented aggressive measures to control the Covid19 outbreak, essentially closing its overland borders and implementing quarantine measures for international arrivals. Casinos will be subject to a gaming tax of 7.0 per cent on mass market…
Cambodia – NagaWorld’s GGR jumps 15 per cent despite COVID closures
Despite the disruption caused by the coronavirus pandemic, Cambodia’s NagaWorld has bounced back to form quickly saying its ‘revenues were relatively stable, despite the impact of the temporary closure of the casino operation.’ The Group delivered an increase of 15 per cent in GGR (in 1Q2020) and generated positive EBITDA and net profit during the…
