Business
March 27, 2023
NagaCorp Returned to Profit in 2022 Helped by ASEAN Reopening
NagaCorp Ltd, a company incorporated in the Cayman Islands with limited liability and operator of NagaWorld integrated casino resort in Phnom Penh, Cambodia, published its full-year 2022 financial results, posting a net profit. Positive Financial Results For the twelve months ended December 31, 2022, NagaCorp generated revenue of $460.7 million, more than doubling its 2021 […]
Legal
March 14, 2023
Fake Thai Cop Scammed People for Gambling Money
The police in Thailand have arrested a man who not only pretended to be a cop but also scammed people across the central Thai countryside. Then, Thaiger reported, the fraud would gamble the dirty money away in casinos in Cambodia. The man presented himself as Pol. Col. Wuttisak Phittakchan-im, 58, claiming to be a police […]
Casino
February 27, 2023
Cambodia Now Officially Off the FATF’s Grey List
Moving forward, though, the FATF would not consider Cambodia a high-risk jurisdiction, albeit the country will most certainly have to maintain its unfaltering commitment towards cracking down on illegal gambling and eliminating any doubt that it may be allowing human trafficking to happen on its watch. Cambodia Finally Makes It Off the FATF’s List Both […]
Casino
February 17, 2023
China Wants to Help Cambodia Eliminate Illegal Gambling in All Forms
China in particular has been very keen to eliminate cross-border gambling, expending a considerable effort to this end over the past years, arresting thousands of suspects, shuttering gambling sites, operations, and more. All the while, the country has been trying to elicit the same level of commitment from neighbors such as the Philippines and Cambodia […]
Casino
February 7, 2023
Cambodia Asks Gambling Businesses to Pay Due Taxes
Both the GDT and MEF have warned non-complying businesses about inroads with the law and the potential legal course the government may follow should tax obligations are not fulfilled. Finance Minister Aun Pornmoniroth assured that there will be no fines or penalties on commercial gambling businesses that file tax returns and pay taxes voluntarily, and […]
Legal
January 10, 2023
Cambodia Carries Out a Fresh Self-Declaration Taxing Model for Casinos
According to The Khmer Times, the revenue-based taxing regime was adopted on December 30, 2022, two years after the country’s highly-anticipated casino bill was finally passed. New Taxation Regime for Gambling in Cambodia The bill called the Law on the Management of Integrated Resorts and Commercial Gambling has set the tax on mass gaming at […]
Casino
January 3, 2023
Cambodia Fulfills Gambling Crackdown by Closing over 200 Illegal Businesses
The Khmer Times reported that Cambodian police force spokesperson Lieutenant General Chhay Kim Khoeun has been actively cracking down on illegal gambling establishments across the whole country from September 15 to December 27 and will continue to do so in 2023 as well. Cambodian Police’s Crackdown Already Shows Results The police representative noted that they […]
Casino
December 29, 2022
Fire Seizes Border Casino in Cambodia, Leaves At Least 16 Dead
Local authorities rushed to the scene, attempting to put out the blaze at the Grand Diamond City Hotel and Casino in Poipet, with many people still reported missing. The fire broke out at 11:30 pm local time. According to CNN, at least 58 more people are unaccounted for, and the death toll may rise. Rescue […]
Casino
December 1, 2022
US Urges Cambodia to Address NagaWorld Union Leader Arrest
The arrest of Chhim Sithar, a Cambodian trade union leader, who has opposed the powerful local gaming giant NagaWorld, insisting on better working conditions and job security, has caught the eye of the US State Department. In a statement, the Department condemned the arrest of Sithar and other members of the union who had been […]
Casino
November 29, 2022
Century Entertainment to Relaunch Table Games in December
Century Entertainment is hoping that it can begin to bounce back from what has been a difficult year. The Cambodian table games operator ended the six-month period on September 30 with HK5.84 million ($747,000) in debt under its belt, down 72% year-over-year. The results are attributed to the closure of casinos in Cambodia and the […]
