Home Cambodia Economy

Vietnam casino status quo good for NagaWorld

Sep 9th at 09:09
09-09-2016 09:09:48+07:00

Vietnam casino status quo good for NagaWorld

Vietnam's Ministry of Finance announced yesterday that its nationals would remain banned from entering the country’s casinos despite a draft decree submitted last month to the government that was expected to amend the existing law and end the ban, Vietnamese media reported.

The continuation of the status quo could benefit Cambodia’s NagaWorld casino, which feared lifting of the ban would cut into its revenue.

“We believe Naga will continue to see Vietnamese players crossing borders and gaming in Cambodia,” investment bank Citigroup said in an investor note.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Spanish outfit enters online gaming market
ECONOMY Sep 9th at 09:08

Spanish outfit enters online gaming market

Spain-based Mediatech Solutions has entered into an agreement with Cambodia’s Global Gaming Network in a bid to capture Cambodia’s fast-growing online gaming...

Start-ups urged to register abroad
ECONOMY Sep 9th at 09:05

Start-ups urged to register abroad

On their second scouting tour of Cambodia, a group of angel investors in search of start-ups worthy of seed capital urged these firms to register in countries such...

Firm to plug holes in online security
ECONOMY Sep 8th at 09:00

Firm to plug holes in online security

Singaporean IT consultancy Lantium is set to tap into Cambodia’s underdeveloped cybersecurity market and begin operating in the Kingdom within the next two weeks...

Thailand drops quotas on flights to Cambodia
ECONOMY Sep 8th at 08:57

Thailand drops quotas on flights to Cambodia

Thailand has dropped its seat quota on commercial flights to Cambodia after its government approved the removal of the restrictions in accordance with an aviation...

Fire damages Yeo’s factory, but not sales
ECONOMY Sep 7th at 10:06

Fire damages Yeo’s factory, but not sales

A fire that ripped through a Yeo’s beverage factory under construction in an industrial park on the outskirts of the capital on Monday caused damage to about a...

Legislation to regulate eco-tourism segment
ECONOMY Sep 6th at 09:25

Legislation to regulate eco-tourism segment

The Ministry of Tourism is preparing a draft law for eco-tourism with the hope that it will keep Cambodia’s tourism industry competitive while protecting the...

Turkish health care firms take local market’s pulse
ECONOMY Sep 5th at 09:54

Turkish health care firms take local market’s pulse

Turkish companies looking to expand operations in the Kingdom’s health care industry were among the most visible participants of a trade exposition held in Phnom...

Junket investor’s profit falls but sticking to its Cambodia bets
ECONOMY Sep 5th at 09:40

Junket investor’s profit falls but sticking to its Cambodia bets

Jimei International Entertainment Group, a Hong Kong-listed casino junket investor that promotes at least seven gaming tables in NagaWorld casino in Phnom Penh...

Hotels can apply for star ratings online now
ECONOMY Sep 2nd at 14:00

Hotels can apply for star ratings online now

An online system launched this week will allow hotels in Cambodia to apply for a star rating, which classifies hotels according to their quality, amenities and...

Key to cracking Thai consumer market: unique products
ECONOMY Sep 2nd at 13:59

Key to cracking Thai consumer market: unique products

Cambodia should seek to enlarge its market share of the Thai consumer market by focusing on the export of unique items, a visiting Thai trade promoter said during a...

Read More

MOST READ

Back To Top