Industry
November 12, 2021
The United States Warns Gambling Companies to Tread Lightly in Cambodia
Several US establishments, including the Department of State, the Department of Treasury, and the Department of Commerce, have warned US betting operators who target or consider targeting the Cambodian marked to be vigilant, amid concerns about the high rates of crime in Cambodia. The US Warns its Local Operators The three bodies emphasized that numerous […]
Casino
November 9, 2021
Illegal Casinos Keep Trafficking People in Cambodia
Lured on a false promise of a well-paid job, three Cambodian workers have been held captive by a human trafficker at an illegal casino site in Sihanoukville in the west of the country. The report, which comes from Radio Free Asia, depicts the latest in a series of disturbing incidents taking place in the no […]
Industry
September 22, 2021
Cambodian-Chinese Operation Ends with Gambling and Crypto Busts
Chinese authorities continue to work with their overseas counterpart in a bid to clamp down on illegal casinos that target nationals. A police raid in Cambodia’s capital last week ended up with a brief shootout and 200 people apprehended. Police Raid in Phnom Penh Results in 200 Arrests Illegal activities, including gambling, continue to thrive […]
Business
July 6, 2021
Cambodia’s Casinos Take a Hit as Country Locks Down Its Borders
Donaco’s Star Vegas Resort & Club and NagaCorp’s Naga World in Cambodia could be facing a new round of losses. The country has been forced, once again, to close its borders with Thailand and Vietnam, thanks to the resiliency of COVID-19. The coronavirus continues to threaten the country, as well as others, with the Delta […]
Business
July 2, 2021
Donaco International Finds Last-Minute Resolution to Cover Outstanding Debt
When Donaco International Ltd. picked up $100 million from Mega Bank in 2015 to finance its casino expansion plans, it didn’t expect that, right around the corner, was waiting a series of problems that would make it nearly impossible to keep up with the loan’s repayment scheme. Since then, the Australian-listed operator, which is behind […]
Casino
June 7, 2021
NagaCorp Announces Layoffs and Pay Cuts Due to the Pandemic
Due to the ongoing pandemic and business closure, NagaCorp announced that some of its employees at Naga World Integrated Resort in Phnom Penh, Cambodia may be affected by pay cuts and layoffs. Naga World IR Employees May Be Affected by Pay Cuts, Layoffs Casino operator NagaCorp Ltd confirmed in a statement on Monday this week […]
Casino
May 4, 2021
NagaWorld to Slash 1,300 Jobs as Pandemic Rages On
NagaWorld will slash 1,300 jobs as the property is faced with the hardships of the COVID-19 pandemic in Cambodia. Pandemic Forces NagaWorld to Lay Off 1,300 People NagaWorld has been forced to cut 1,300 jobs in Cambodia as the country’s COVID-19 pandemic continues to rack up case numbers and exerts pressure on the healthcare system. […]
Casino
May 4, 2021
Century Awaits Approval for Cambodia New Casino Opening
Following multiple delays, Century Entertainment has still not been given the go-ahead to open its new casino in Dara Sakor amid mounting COVID-19 case numbers. Cambodia’s Century Entertainment Casino Remains Shut Century Entertainment International Holdings Ltd will have to slow down and reconsider the date for starting operations at its new casino in Dara Sakor […]
Industry
April 2, 2021
NagaWorld Firmly on Track to Recover to Pre-Pandemic Levels
Gaming in the Asian-Pacific region is on track to complete recovery from the material impact of the coronavirus outbreak last year, an unaudited 2021 first-quarter report released by NagaCorp revealed. Daily Volumes Indicate Return to Pre-Pandemic Levels The operator of the largest integrated resort (IR) in Cambodia, NagaWorld, announced the first 3 months of 2021 […]
Legal
November 22, 2020
Cambodia Introduces and Enacts New Gambling Law
Cambodia has rolled out a new casino industry law that will guarantee fairer and more transparent gambling rules for consumers and businesses. New Casino Regulations Take Force in Cambodia Cambodia is looking to update what is an out-of-date casino industry regulatory framework. To this end the Cambodia’s National Assembly passed a law in October, to […]