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NagaCorp Faces Union Backlash over Wage Dispute

Hong Kong-listed NagaCorp is under fire from labor rights groups after dismissing a union leader amid an ongoing wage dispute.

Nagacorp Reports 20% Growth in Gross Gaming Revenue

Nagacorp, the operator of the NagaWorld resort in Phnom Penh, which has also expressed interest in bidding for the potential Sasebo IR, reported that gross gaming revenue (GGR) in the first nine months of the year was US$1.28 billion, up 20% year-on-year, with the mass market slightly outperforming the VIP sector.

AGB Launches First Mekong Gaming Summit

The first edition of the Mekong Gaming Summit, a two-day conference organized by Asia Gaming Brief and focused on gaming developments across the region, kicks off today in the bustling city of Phnom Penh, Cambodia.

Cambodia Moves to End Online Gambling

Cambodia will no longer issue licenses to online gambling businesses, and all existing licenses will not be renewed when they are expired, Prime Minister Hun Sen said in a directive on Sunday.

NagaWorld to Become Largest Riverine IR in Mekong

Hong Kong-listed NagaCorp on Sunday shared further details around its US$3.5 billion Naga 3 expansion plan.

Cambodia Casino Growth Could Threaten Genting Malaysia

Cambodia’s growing casino and tourism industry could pose a challenge to Genting’s Malaysia operations, according to a note from JP Morgan analysts.

Cambodia Upgrades Anti-Money Laundering Efforts

The Cambodian government has announced a new working group and action plan aimed at cracking down on money laundering in the nation.

Chinese Own As Much As 90% of Businesses in Sihanoukville

As many as 90% of businesses in Sihanoukville are owned by Chinese nationals, according to a report from Preah Sihanouk provincial authorities.

AGB Receives Government Endorsement for Mekong Gaming Summit

Asia Gaming Brief is delighted to announce that it has received official endorsement from H. E. Academician General Aun Pornmoniroth, deputy prime minister and minister of economy and finance of Cambodia, for its hotly anticipated Mekong Gaming & Hospitality Investment Summit.

Legislation to Spur Investment

Cambodia is seen as one of hottest casino markets in the region and the government in Phnom Penh is expected to introduce long-delayed legislation to regulate the industry.

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Fitch Asia Markets

Fitch Pegs Japan IR Revenues at US$6 Billion

Fitch Ratings has estimated that the first round of IR construction in Japan will create revenues in the US$6 billion range, much smaller than, for example, the Morgan Stanley report of April 11 which foresaw a US$15 billion Japanese IR market developing by 2025.

Casino Entry Fee Remains Point of Contention

Japan’s proposed anti-addiction measures are viewed as generally “well-balanced,” though a lowering of the casino entry fee should be considered, said experts at the Japan Gaming Congress on Friday.

Hong Kong Jockey Club Warns about Illegal Betting

Illegal gambling is growing twice as fast as wagering and about US$140 billion is laundered annually though illegal markets, local media reports.

Laguna Lăng Cô Receives Casino License, Expects 2022 Opening

The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s first casino license in ten years.

Shares in South Korea’s Casino Operators Rally Ahead of Summit

Shares in South Korea’s casino operators rallied on Tuesday ahead of a summit between US President Donald Trump and North Korea’s Kim Jong-Un on hopes for greater cross border cooperation, including a potential casino project.