Monday, June 21, 2021
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Nagacorp sees strong demand for $200m note issue

Nagacorp said it has raised $200 million through an additional note issue, which received strong support from investors.

Nagacorp seeks to slash monthly run-rate costs by $2m

Nagacorp, the operator of the only casino in the Cambodian capital, said it's seeking to cut its monthly run-rate costs by about $2 million through job cuts and other programs as it seeks to mitigate the impact of the pandemic.

Sihanoukville remains in yellow zone, gambling banned

Cambodia's Sihanoukville, home to multiple casinos, remains in the country's Covid yellow zone due to new cases with all large gatherings and gambling strictly prohibited.
Corona Phu Quoc

Locals program unlikely to be expanded, despite Covid

Although foreign investor interest is strong in Vietnam, the market is complicated, with government regulations mandating a minimum $2 billion investment, a figure seen as too high for a resort that will be wholly reliant on foreigners.
cambodia, nagacorp

Nagacorp faces labor challenge, expansion setback

Nagacorp, Cambodia’s largest casino operator, has faced a rocky quarter, with another shutdown, labour issues and a blow to its expansion plans. The group came under fire from labour unions over plans to cut jobs despite reporting a robust recovery after the first phase of the pandemic.

Phnom Penh imposes covid-19 restrictions, Nagaworld remains closed

Phnom Penh City Hall has imposed new restrictions as covid-19 cases in the capital city continue to surge. NagaWorld, the city’s only integrated resort operator has already been closed as of March 1.

NagaCorp sends lay-off messages to 600 workers

Cambodia’s largest casino operator NagaCorp is reportedly laying off at least 600 of its workers, despite reporting a $102.3 million net profit in 2020, leaving casino workers perplexed. 
Hanoi, vietnam

Vietnam tightens AML rules, stipulates penalties

The Vietnam Ministry of Finance is drafting a decree which will stipulate penalties for casino operators operating without a relevant license or having a hand in money laundering. 
Sok Kim Meng casino

Cambodian border casino has 56 staff test positive for Covid

Cambodian authorities said 56 employees of the Sok Kim Meng casino have been infected with Covid and the property is now closed.
Thailand police Bangkok raid

Bangkok authorities bust US$3 million online gambling operation

Police in Bangkok have busted an illegal online gambling operation that netted around US$3 million per month.
AGE at ICC Sydney, 2021

Australasian Gaming Expo (AGE) 2021

The Australasian Gaming Expo (AGE) is the place to see new products and services, network, attend thought-provoking seminars, seek business partners and generate sales....
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.

Regulating the Game 2021

Esports BAR Cannes

AGBriefings, June, 2021, Resorts World Las Vegas

Asia Gaming Briefings – June 2021 Edition

For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
Asia Gaming Briefings, april 2021

Asia Gaming Briefings – April 2021 Edition

In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.