Cambodia

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year.

 

 

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year. But it hasn’t all been plain sailing; the fatal attack on Resorts World Manila lead to a suspension of its gambling operations in June, while South Korea continues to underperform after a diplomatic spat with China, which banned tour groups after Seoul agreed to deploy a U.S. missile shield.



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Hedge fund Nine Masts Capital is challenging the revised terms of the convertible bond deal between NagaCorp and its founder, arguing that the agreement would short change minority shareholders.

NagaWorld will be subject to an additional tax bill on its non-gaming operations, similar to the $16.6 million tax that was imposed last year.

Cambodian casino operator NagaCorp posted a boost in net profit for the half year ended June 30, 2017, attributed to robust business volume growth across all segments, particularly in VIP.

Betsoft Gaming have signed a partnership deal with Clubvegas999.com, operated by Zustro.com, a site that works in association with the prominent land-based casino HaTien Vegas Entertainment resort.

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.

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