Tagged cambodia

New casino resort planned for Bavet Cambodia

April 20, 2017

Casino proposals, Cambodia, Latest Casino and Gambling News

A new casino resort is in the works for the Bavet area of Cambodia, with a goal of bringing in Vietnamese gamblers who have been banned from participating in gaming at casinos located in their home country, to ...

Silver Heritage Group increases budget for under-construction Nepal casino

Adam Morgan

March 24, 2017

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Nepal

Asian casino operator Silver Heritage Group has increased the budget for its under-construction Tiger Palace Resort Bhairahawa in Nepal by over 34% and begun raising additional funds to cover the escalating cos...

Silver Heritage Group granted temporary stock suspension

Adam Morgan

February 27, 2017

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Nepal

After announcing earlier this month that the opening of its new Tiger Palace Resort Bhairahawa in Nepal had been delayed, Asian casino operator Silver Heritage Group has now been granted an immediate suspension...

Donaco International Limited reports mixed half-year financial results

Adam Morgan

February 24, 2017

Latest Casino and Gambling News, Economy/Finance, Asian Casino News

Asian casino operator Donaco International Limited has released its financial results for the six months to the end of December showing that its half-year gross revenues had decreased by over 14% year-on-year t...

Policy change could benefit struggling Vietnam casinos

Adam Morgan

February 11, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Vietnam

New figures from some of the casinos in Vietnam have reportedly revealed that last month’s decision by authorities in the Asian nation to partially lift their long-standing ban on locals gambling could not have...

Silver Heritage Group delays opening of new Nepal casino

Adam Morgan

February 6, 2017

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Nepal

After announcing in October that it intended to open its new Tiger Palace Resort later this month, Asian casino operator Silver Heritage Group has now delayed the launch after encountering “temporary unexpected...

Sihanoukville casinos asked to refuse Cambodian clientele

K Morrison

January 30, 2017

Cambodia, Latest Casino and Gambling News, Gaming Law & Legislation

Casinos located in the seaside province of Sihanoukville have been asked by the deep-water port city’s Governor Yun Min to start enforcing laws that prohibit locals from gambling in Cambodian casinos, according...

Government of Cambodia creates new casino governing body

Sadonna Price

December 23, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Cambodia

As new gaming laws are to be passed in 2017, the government of Cambodia is working to impose tighter restrictions on the casinos located in the country. To do this, there will be two new Interior Ministry depar...

$30m casino chatter on east bank of Mekong River

Sadonna Price

December 13, 2016

Latest Casino and Gambling News, Casino proposals, Cambodia

This past weekend, it was announced via The Star that MQ Technology Bhd had partnered with Cambodian Resorts and Entertainment Co Ltd with plans to create a hotel and casino along with a theme park. The project...

High tax rates expected in coming Vietnam casino legislation

Adam Morgan

November 17, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Vietnam

The government for Vietnam is soon expected to publish long-awaited draft legislation containing provisions for those wanting open an integrated casino resort in the country although prospective operators could...

February soft launch for Nepal’s Tiger Palace Resort

Adam Morgan

October 24, 2016

Latest Casino and Gambling News, Casino project updates, India, Nepal

After July saw it launch an initial public offering that raised approximately $18.8 million to help fund future projects, Asian casino operator Silver Heritage Group has now announced that its under-constructio...

Cambodian Government and casino industry hold discussions regarding proposed casino bill

Renee Kingsley

October 22, 2016

Gaming Law & Legislation, Cambodia, Latest Casino and Gambling News, Taxation

The Cambodian government has encouraged the casino industry to flourish in the country and its 69 licensed casinos have witnessed a combined increase in revenues during the first nine months of this year bringi...

Suspected embezzler of Macau casino junket investor funds finally caught

Sadonna Price

October 13, 2016

Latest Casino and Gambling News, Macau, Financial Fraud

In 2014, it was reported that a representative of the Kimren Group, Huang Shan, was believed to have been stealing from the junket operator. The Kimiren Group operated in Macau with VIP gaming rooms located in ...

NagaCorp Limited “on schedule” in Russia after overcoming construction delay

Adam Morgan

October 12, 2016

Latest Casino and Gambling News, Casino project updates, Russia

After earlier reporting that construction on its Seaside Entertainment Resorts City in Russia’s Primorsky Krai region had been delayed due to workers unexpectedly unearthing some archaeological finds, Cambodian...

Morgan Stanley reports decline in Macau VIP gambling and strong growth in International VIP gambling during Q2

Renee Kingsley

September 14, 2016

Latest Casino and Gambling News, Macau

Morgan Stanley recently released a market report for Q2 of 2016 covering the global VIP gambling market and revealed that Macau, the biggest gambling hub in the world continued to see its VIP market segment dec...