Cambodia

Nagaworld has reached a deal with the Ministry of Economy and Finance for a new tax rate on non-gaming operations, according to a ministry official.

Omni-channel gaming platform provider Mediatech Solutions has agreed a deal with Global Gaming Network to explore opportunities in the fast-emerging Cambodian market.

The agreement will see Mediatech lend its omni-channel expertise to a number of projects within Cambodia’s regulated gaming market.

Mediatech Solutions’ head of Asia-Pacific Tom Moester said: “We are delighted to have entered an agreement with Global Gaming Network to explore a number of projects in Cambodia.

Regulation in Asia is failing to keep pace with technological advances in the lottery industry and is weighing on the region’s potential, insiders say.

 

Regulation in Asia is failing to keep pace with technological advances in the lottery industry and is weighing on the region’s potential, insiders say. That creates a hurdle as most industry experts agree that growth in the sector will be lead by online and mobile innovation. 

 



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NagaCorp Ltd has made a placing and subscription agreement to sell a total of 190 million shares to not less than six parties.

In June, Vietnam took the long-awaited step and sent a draft decree that could pave the way for locals to gamble to the National Assembly. There’s been much speculation over the impact a change in the law will have for both Vietnam and neighboring Cambodia’s casino industries and whether Vietnam will finally be able claw back revenues lost over the border.

In June, Vietnam took the long-awaited step and sent a draft decree that could pave the way for locals to gamble to the National Assembly. There’s been much speculation over the impact a change in the law will have for both Vietnam and neighboring Cambodia’s casino industries and whether Vietnam will finally be able claw back revenues lost over the border.



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The Cambodian government is conducting an audit of NagaWorld to assess its tax liabilities on non-gaming operations.

Phnom Penh’s NagaCity Walk held its soft opening on Wednesday, with duty-free goods ranging from tobacco, perfumes, designer watches to cognac.

A European-Asian consortium has made a cash counter-offer of $400 million to acquire the assets and gaming concession of Savan Vegas Casino and Hotel Entertainment Complex in Laos.

25 Chinese nationals are set to be deported from Cambodia after a raid on Friday at a villa in Phnom Penh’s Sen Sok district.

HK-listed Nagacorp Ltd has reported its net profit increased 24 percent to US$125.2 million for the six months ended June 30, 2016.

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