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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Thai Foreign Minister Don Pramudwinai said the ministry has not written to authorities in neighbouring Cambodia regarding a disputed border casino,The Nation reports.

Cambodia’s gambling industry is eyeing moves to open up the market in neighboring Vietnam with trepidation, though views are mixed on the potential impact.

 

Cambodia’s gambling industry is eyeing moves to open up the market in neighbouring Vietnam with trepidation, though views are mixed on the potential impact. Casinos lining Cambodia’s border with Vietnam have long benefited from traffic from Vietnamese who have been banned from gambling at home. Vietnamese are estimated to spend about $800 million annually gambling overseas, with a large chunk of that funnelled into its neighbor’s casinos.

 



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Cambodian police have arrested three local residents for allegedly cheating in a Sihanoukville casino, local media reports.

Tax revenue collected from Cambodia’s casinos jumped by about 40 percent in 2016 helped by increasing volumes, government efforts to improve tax collection and an accord with the country’s biggest operator NagaCorp.

Three Chinese gamblers were kidnapped by four other Chinese nationals, including a casino owner, in an effort to recover about $1.22 million in unpaid gambling debts, the Cambodia Daily reported military police as saying.

Australia-listed Donaco International posted higher profit in the first half of FY17, up 5 percent to A$14.8 million (US$11.4 million), according to a filing to the ASX on Thursday.

If you’ve paid a visit to any of the major gambling exhibitions in the past few years it’s clear that live casino is viewed as the future of online gaming, supplanting software-generated games dictated by RNGs. It’s the realism and transparency that appeals to players.

 

If you’ve paid a visit to any of the major gambling exhibitions in the past few years it’s clear that live casino is viewed as the future of online gaming, supplanting software-generated games dictated by RNGs. It’s the realism and transparency that appeals to players. Cambodia has wasted little time becoming a live casino hub in the Far East with increasing numbers of casinos installing cameras and the necessary tech to cater to remote gamblers – particularly in China.



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Gaming establishments in Cambodia will likely be subject to a tax rate in the “mid single digits” once the regulatory and tax bill comes into place.

Hong Kong-listed NagaCorp posted a 7 percent year-on-year increase in net profit for the full-year ended Dec. 31, 2016. According to a filing to the Hong Kong Stock Exchange on Wednesday, net profit for the year came in at US$184.2 million, attributed to “better cost control and the 2016 EGM Fee”.

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