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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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.
Adam Steinberg talks about the differences in culture and work ethic between the US and Cambodia, as well as the thinkings behind decisions made relating to online gaming and Japan.
Gary Tham, Jinbei director of strategic & planning, speaks with Asia Gaming Brief Managing Editor Sharon Singleton about the company’s experience post-Covid and the Cambodian online ban. While the longer-term future looks bright, there’s no longer silly money to be made from igaming.