Cambodian police has arrested 10 foreign nationals in an online gambling bust, seizing passports, keys, computers, cars and other related items, the Phnom Penh Post reports. It didn't give the nationality of those detained.
Credit ratings agency, Moody's says Nagacorp's planned development of a resort near the Angkor Wat temple complex is credit negative as it reduces the company's liquidity buffer. The plan pushes capital expenditure over the next five years to $4 billion.
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It’s been billed as a $15 billion smart city, powered by the latest in blockchain technology, but in reality it has emerged as a major online gambling hub and the new home to many of the operations that fled Cambodia after a ban on the practice last year.
While it’s too early to say Cambodia’s coastal gambling hub has risen phoenix-like from the ashes, there are encouraging signs that Sihanoukville is serious about transforming into a mass market tourism destination, with a significant improvement in urban infrastructure.
International Game Technology has announced that Bao Son International Hotel Versaces Club in Hanoi City, Vietnam, is replacing its existing casino management system with an IGT product, which will operate its loyalty program, monitor and optimize its casino floor, and perform a range of other essential functions.