Good morning. NagaWorld, Nagacorp’s integrated resort in Phnom Penh finally reopened its doors after more than a six-month shutdown in mid-September 2021. NagaCorp chairman Timothy McNally however stresses that the company has not stood idly by over the last year. In our Face to Face interview, McNally gives an update about what the company has been up to over the last year, including development updates for Naga 3, Naga Vladivostok, and plans for Siem Reap and Sihanoukville.
What you need to know
- Rodrigo Duterte on Thursday signed in a new law taxing online casinos, which stipulates that POGOs must pay a 5 percent tax on GGR.
- The UK government is considering closing a loophole which allows Asian betting firms to sponsor English Football clubs as part of its review of UK gambling laws.
- The Vietnamese president reportedly held a number of meetings with executives from major U.S. firms this week, including Weidner Asset Management Steelman Partners.
- Malaysia is set to shed interstate travel restrictions once 90 percent of the adult population is fully vaccinated.
On the radar
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What the papers say
- Website allowing citizens to report gaming companies circumventing youth restrictions launched.
AGB Intelligence
FACE TO FACE
NagaWorld ramps quietly, expansion projects still on the cards
NagaWorld, Nagacorp’s integrated resort in Phnom Penh reopened its doors after more than a six month shutdown on September 15 without its usual fanfare. It appears that the country’s government, which can be commended for its aggressive vaccination rollout, still needs to keep an eye out for sensitivities in relation to reopening a large-scale facility in its capital city. In an interview with Asia Gaming Brief, McNally confirmed that while the government had given them the green light to open, they have chosen to do so more quietly for the time being.
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