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09, Aug, 2017

According to recent research by Rattaphong Sornsuphap, from the College of Social Innovation at Rangsit University, there are at least 32 casinos he would term as “serious” that are seeking to tap the Thai market, with most along the frontiers with Cambodia, Laos and Myanmar. That doesn’t count the many more fly-by-night operations seeking to cash in on the Thai market from dusty border towns.

Estimated total revenue of The Greater Mekong region was almost $50 billion in 2015, that’s up from $34.2 billion in 2010 and includes the IRs in Singapore and Malaysia, he said.

03, Aug, 2017

The push to legalize casinos in Thailand appears to be gathering momentum, though experts say any reforms are unlikely to have much of an impact on the thriving illegal market, which is estimated at more than $5 billion a year.

Academics in the country, who focus on gaming, say there is increasing confidence that the issue of casinos will be raised again after the next general election, expected in late 2018. It would be the  most significant step in gaming industry reforms since Thailand became a constitutional monarchy in 1932.

30, Jul, 2017

Goal Summit Ltd, a subsidiary of Suncity Group Holdings, is set to acquire a 34 percent stake in an integrated resort project in Hoi An South for an aggregate consideration of HK$600 million ($76.8 million).

24, Jul, 2017

Donaco International says it expects to add approximately 100 gaming tables to its Star Vegas casino over the next few months.

20, Jul, 2017

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.

19, Jul, 2017

The provincial committee of Thua Thien-Hue is asking the government’s permission to increase the investment capital of the Laguna Lang Co project to US$2 billion, as well as to open a casino in the complex.

16, Jul, 2017

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.

14, Jul, 2017

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.

11, Jul, 2017

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.

02, Jul, 2017

The Ho Tram Project Company (HTP) has inked a Memorandum of Understanding with a Vietnam-based natural gas distributor in a move towards cleaner, greener power.

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