Cambodia

It’s 9 a.m. and the Crown casino in the Cambodian border town of Bavet is booming. Hordes of Vietnamese gamblers cram themselves around card games drinking coffee and chewing on cigarette ends.

While some may have caught some sleep since the night’s session, for others, the 24-hour opening cycle has kept the chips and cards rolling all night.

On the surface this wild-west town 160km from Phnom Penh appears to be thriving and the numbers of Vietnamese strong. 

Gaming operators looking for an easy way to set up a casino and cash-in on the thousands of Vietnamese eager for a flutter, could see its luck change as Cambodia introduces new gaming legislation.



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Founder and CEO of Nagacorp, Tan Sri Dr. Chen Lip Keong is now seeking a concurrent conversion of the TSCLK Complex and NagaCity Walk bonds, rather than his previously planned staggered conversion.

Australian-listed Donaco International has signed a deal with international marketing agency Vivo Tower Ltd. to attract junkets from Macau, Hong Kong and Malaysia, according to a filing from the company to the ASX on Friday.

A total of 79 casino licenses have now been issued in Cambodia’s gaming sector, with most of the new investment directed to Preah Sihanouk province, a government official said on Wednesday.

Seven Vietnamese nationals have been charged for illegally detaining 13 gamblers who owed them money, says a report from the Military police in Cambodia’s Svay Rieng province.

Mohaleap Lotto, a subsidiary of Cambodia’s Royal Group officially entered Cambodia’s lottery market this month.

Cambodia’s long-awaited gambling legislation is likely to be published mid-year and could herald the start of a dramatic shake out of the country’s 65 casinos.

 

Cambodia’s long-awaited gambling legislation is likely to be published mid-year and could herald the start of a dramatic shake out of the country’s 65 casinos. Higher tax rates and investment levels may trigger consolidation.

 



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Low-cost carrier AirAsia has announced the launch of a new route between Kuala Lumpur, Malaysia and the Cambodian coastal city of Sihanoukville, with the first flights to start in August.

Police in Cambodia’s Preah Sihanouk province arrested 20 Chinese suspects believed to be running an illegal online gaming business.

Cambodia’s long-awaited gambling legislation is likely to be published mid-year and could herald the start of a dramatic shake out of the country’s 65 casinos.

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