Cambodia

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.

Donaco International Ltd has signed a three year deal with Kings Consulting Limited, owner of Poker King Club, to stage international poker tournaments at the Star Vegas.

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.

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