Cambodia

NagaCorp, which operates the NagaWorld casino in Cambodia, envisages adding a third phase to its resort with more non-gaming attractions as tourism to the country grows.

Cambodia’s long-delayed draft gaming law has taken a step forward with a recent meeting between high-level members of the government and more than 100 members of the private sector. 

Casino operator Donaco International says it is looking at options for utilizing an online gaming license owned by Star Vegas in Poipet sometime in the fiscal year 2017.

A Sihanoukville casino has been ordered to shut down by provincial authorities after it failed to renew its operating license.

Cambodia collected a total of US$37.4 million in taxes from casinos in the first nine months of 2016, reports Xinhua, quoting a finance ministry report released on Tuesday.

A recent public hearing in Cambodia has confirmed Naga Corp’s exclusivity in Phnom Penh through 2035, said Union Gaming in a note.

Earlier this week, it was reported by media that former Macau junket boss, Mr Huang Shan, suspected of embezzling an estimated $1.3 billion of Macau casino junket investor funds was “captured” in a casino in Cambodia.

Former Macau junket boss, Mr Huang Shan, who is suspected of embezzling an estimated $1.3 billion of Macau casino junket investor funds has been reportedly caught in Cambodia.

Nagacorp, the operator of Cambodia’s NagaWorld casino in Phnom Penh, has reported continued strength in sales, with both the VIP and mass market recording low double-digit gains in the nine months through to the end of September.

Cambodia was one of the best performing jurisdictions in Asia in 2015 and although growth has slowed from the stellar levels seen last year, the country’s casinos are still going strong.

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