29, Mar, 2017

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.

29, Mar, 2017

Success Dragon International Holdings Ltd has announced it has decided to terminate a business cooperation contract with the Le Merdien Hotel in Vietnam.

27, Mar, 2017

While Vietnamese citizens are allowed to gamble in local casinos under a new three-year pilot scheme, local residents have yet to set foot into any gaming venue due to lack of guidance.

22, Mar, 2017

Thai Foreign Minister Don Pramudwinai said the ministry has not written to authorities in neighbouring Cambodia regarding a disputed border casino,The Nation reports.

22, Mar, 2017

FLC Group Joint-stock Co., co-founded by billionaire Trinh Van Quyet, said it has received permission to invest $2 billion in a casino resort from the northern provincial government of Quang Ninh in Vietnam.

20, Mar, 2017

Laos hit the headlines last year when the government put Savan Vegas out for bids having seized the resort from its foreign owners, Sanum Investments, over alleged tax liabilities. The sale generated interest from six buyers, including Macau junket promoter Iao Kun Group and casino operator Macau Legend.

The bid process was turbulent at times; Sanum Investments announced it was suing the Lao government and San Marco Capital Partners, whom the government had hired to facilitate the sale, to slow down the process.

20, Mar, 2017

The government published its long-awaited bill setting out regulations for casinos earlier this year, with the rules set to take effect in March.

The bill includes a three-year pilot scheme allowing locals to gamble at two yet to be completed resorts, one in the far north and one in the south on Phu Quoc island.

It is unclear at present as to whether the scheme may also extend to the Grand Ho Tram resort.

16, Mar, 2017

Cambodia’s gambling industry is eyeing moves to open up the market in neighboring Vietnam with trepidation, though views are mixed on the potential impact.

Casinos lining Cambodia’s border with Vietnam have long benefited from traffic from Vietnamese who have been banned from gambling at home. Vietnamese are estimated to spend about $800 million annually gambling overseas, with a large chunk of that funneled into its neighbor’s casinos.

15, Mar, 2017

Cambodian police have arrested three local residents for allegedly cheating in a Sihanoukville casino, local media reports.

14, Mar, 2017

Tax revenue collected from Cambodia’s casinos jumped by about 40 percent in 2016 helped by increasing volumes, government efforts to improve tax collection and an accord with the country’s biggest operator NagaCorp.

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