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.



This content is for members only. To continue reading

Join Now

A new 50-hectare mixed gaming development project is being planned for Bavet City in Cambodia.

The rapid expansion in live dealer products in Cambodia is fueling demand for increased internet capacity and greater security against cyber attacks from operators in the country, according to Limelight Networks.

Hong Kong-listed NagaCorp recorded a 34 percent increase in VIP rollings for the first three months of 2017, according to the company’s latest filing to the Hong Kong Stock Exchange.

Junket operator Jimei International Entertainment Group Ltd. swung to a loss in the full-year ended Dec. 31, 2016.

Founder, controlling shareholder and CEO of Nagacorp, Tan Sri Dr. Chen Lip Keong is looking to gain full control of the casino operator by exercising conversion rights in respect of the TSCLK Complex Convertible Bonds.

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.

 



This content is for members only. To continue reading

Join Now

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.

Pages