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

Donaco International said on Tuesday that it does not expect to post a statutory net profit for the 2018 fiscal year, due to an anticipated impairment charge.

Transport officials from Vietnam and Cambodia are looking to build a railway connecting Ho Chi Minh City with Bavet City, linking Vietnamese outbound travellers to the Cambodian casino hub.

Cambodian casino operator NagaCorp reported a 39 percent increase in net profit for the full-year 2017, reaching $255.2 million.

China tourism arrivals to Cambodia topped the 1 million mark for the first time in 2017, setting the stage for continued gains in the country’s casino sector, which is currently seen as one of the most promising emerging markets in Asia.

China’s increasing involvement and investment in the Sihanoukville Province has pushed up the crime rate and brought instability, said governor Yun Min in a letter to the government.

The Takara Gaming Group (TGG) has announced it is entering the Southeast Asia gaming market with two casino groups in Cambodia - Golden Crown and Superich the Best Casino.

Asia’s gambling industry is heading into 2018 on a firmer footing than it has for several years, with most major markets having chalked up strong growth in 2017, though China and its policies will continue to be the main driver when it comes to performance.

 

Asia’s gambling industry is heading into 2018 on a firmer footing than it has for several years, with most major markets having chalked up strong growth in 2017, though China and its policies will continue to be the main driver when it comes to performance. Although economies around the region are growing, creating bigger middle classes with greater spending power, China and its huge outbound tourism sector will continue to dominate the region's casino sector and the preferences of its swelling mass market will be key. 

 



This content is for members only. To continue reading

Join Now

The Year of the Dog is about to dawn in Asia, with most gaming markets in the region starting on a positive note after a strong 2017. The following are predictions from some of AGB's advisors on what to expect in the year to come.

Australia-listed Donaco International said it has won a court injunction to close the Star Paradise casino in Cambodia, which it says is operating in violation of a non-competition agreement signed when it bought its Star Vegas property in Poipet.

Pages