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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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Wakayama Seminar Draws In the Business Community

The Wakayama IR Business Connect Seminar was held on the late afternoon of the 19th and was successful in drawing interest from a large cross-section of the local business community, as well as domestic and international media.

Carl Icahn Gains Three Seats on Caesars’ Board of Directors

Caesars Entertainment agreed last week to allow investor Carl Icahn to appoint three directors to its company board, indicating that a substantial change of policy direction is in the offing as Mark Frissora steps down at the end of April.

Analysts Less Optimistic Than Operators About Japan

Investment analysts are far less optimistic about the prospects for the casino market in Japan than the operators who are pushing hard for a license, warning that returns and gross gambling revenue may fall far short of high expectations.

Hokkaido Gambling Addiction Council Holds Nation’s First Meeting

The Hokkaido Gambling Addiction Countermeasure Promotion Council held its first meeting last Thursday at the prefectural government office, with topics such as the procedures for status checks on gambling addiction in the prefecture discussed among council leaders.

Problem Gambling Hotline Receives 503 Calls in February

In the month of February, the Recovery Support Network (RSN), a pachinko addiction helpline headed by Naoyuki Nishimura, received a total of 503 calls to its hotline, 41 cases more than in the previous month.