Tagged nagaworld

Cambodian Government and casino industry hold discussions regarding proposed casino bill

October 22, 2016

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

Casino tax revenue in Cambodia increases more than one-third

K Morrison

October 19, 2016

Latest Casino and Gambling News, Cambodia, Taxation

A report issued on Tuesday by Cambodia’s Ministry of Economy and Finance (MEF) indicates that over the first nine months of 2016, one-third more tax was contributed by the country’s casino industry. Accordin...

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...

NagaCorp reports double-digit year-on-year growth in betting volumes Q1-3

Sadonna Price

October 5, 2016

Latest Casino and Gambling News, Cambodia, Economy/Finance

NagaCorp Ltd is a developer and operator of casinos, listed in Hong Kong that recently reported their betting volumes for the first nine months of the year. NagaCorp was able to see double-digit growth for year...

Citi analysts say Cambodia’s NagaWorld casino will continue to benefit from Vietnam’s ban on local gambling

Renee Kingsley

September 11, 2016

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

Vietnam allows only foreign tourists to gamble at its casinos as locals are currently banned from gambling. There have been attempts in the past to lift the ban on local gambling but so far nothing positive has...

NagaCorp Ltd announces sale of placing shares to create TSCLK Complex

Sadonna Price

September 2, 2016

Latest Casino and Gambling News, Cambodia, Casino expansion projects, Casino project updates

NagaCorp Ltd, a HKEx listed casino firm based in Malaysia with operations in Cambodia and elsewhere, has announced they will be selling 190,000,000 of their existing placing shares in a placing and subscription...

Cambodian government conducts audit on NagaWorld casino after finding discrepancies in tax filings

Renee Kingsley

August 31, 2016

Latest Casino and Gambling News, Cambodia, Taxation, Fines, Lawsuits & Litigation

The NagaWorld casino in Phnom Penh is the biggest casino in the region and has had great success in both gaming and non-gaming operations over the years. The casino is currently being audited by the Cambodian g...

Online social casino to be developed by Entertainment Gaming Asia

Sadonna Price

August 15, 2016

Online gaming software, Latest Casino and Gambling News, Asian Casino News

Entertainment Gaming Asia is a Pan-Asia focused gaming company that has recently seen short-term revenue losses. After a filing on Friday, it was revealed that the company plans on developing a social casino pl...

NagaCorp Limited reports improved first-half profit

Adam Morgan

August 9, 2016

Latest Casino and Gambling News, Cambodia, Economy/Finance

Cambodian casino operator NagaCorp Limited has released its interim financial results for the first six months of 2016 showing a 24% increase year-on-year in net profit to $125.18 million. The firm behind th...

Reports indicate NagaCity Walk will open during second half of 2016

Renee Kingsley

June 17, 2016

Latest Casino and Gambling News, Cambodia, Casino openings, China, Macau

NagaCorp Ltd which operates NagaWorld casino resort, the biggest casino in Cambodia is in the process of building a major shopping complex called NagaCity Walk which will connect NagaWorld casino resort with th...

Citi analysts predict slower but strong growth for NagaCorp in 2016

Renee Kingsley

April 18, 2016

Latest Casino and Gambling News, Cambodia, Macau

While most Asian markets including Macau experienced a significant decline in gambling revenues in 2015, Cambodia’s casino industry has bucked the trend and recorded strong profits. The NagaWorld casino resort ...

NagaCorp reveals impressive GGR growth for 2015; Casino profits up by 27%

Alex Lanter

February 3, 2016

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

Cambodian gaming operator NagaCorp revealed an impressive GGR growth for 2015 in a filing to the Hong Kong Stock Exchange on Monday. According to the information provided by the company, NagaCorp saw its gross ...

NagaCorp Cambodian expansion delayed

Alex Lanter

January 12, 2016

Latest Casino and Gambling News, Cambodia, World Casino News, Casino expansion projects, Asian Casino News

The planned acquisition of the developing company of NagaCity Walk by the NagaCorp Ltd has been delayed to the end of 2017. The 18-month delay was revealed by the Cambodian gaming operator and a possible reason...

NagaCorp’s year-to-date gaming revenue up 47%

D. Graham

October 4, 2015

Latest Casino and Gambling News, Cambodia, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Macau

NagaCorp Ltd reported unaudited data to the Hong Kong Stock Exchange Friday of almost U.S. $400 million GGR for the first nine months of 2015. This financial data represents an increase of 47% from the U.S. $27...

Cambodia casino industry reports $2 billion U.S. annual revenue

D. Graham

October 1, 2015

Latest Casino and Gambling News, Cambodia, Casino News, World Casino News, Licenses, Asian Casino News

Central bank director general Chea Serey has announced that Cambodia’s casino industry generated an estimated $2 billion revenue in 2014 from non-residents, and was assessed as approximately 40% of the country...