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The Latest in cambodia
Business
July 2, 2021
Donaco International Finds Last-Minute Resolution to Cover Outstanding Debt
When Donaco International Ltd. picked up $100 million from Mega Bank in 2015 to finance its casino expansion plans, it didn’t expect that, right around the corner, was waiting a series of problems that would make it nearly impossible to keep up with the loan’s repayment scheme. Since then, the Australian-listed operator, which is behind […]
Casino
June 7, 2021
NagaCorp Announces Layoffs and Pay Cuts Due to the Pandemic
Due to the ongoing pandemic and business closure, NagaCorp announced that some of its employees at Naga World Integrated Resort in Phnom Penh, Cambodia may be affected by pay cuts and layoffs. Naga World IR Employees May Be Affected by Pay Cuts, Layoffs Casino operator NagaCorp Ltd confirmed in a statement on Monday this week […]
Casino
May 4, 2021
NagaWorld to Slash 1,300 Jobs as Pandemic Rages On
NagaWorld will slash 1,300 jobs as the property is faced with the hardships of the COVID-19 pandemic in Cambodia. Pandemic Forces NagaWorld to Lay Off 1,300 People NagaWorld has been forced to cut 1,300 jobs in Cambodia as the country’s COVID-19 pandemic continues to rack up case numbers and exerts pressure on the healthcare system. […]
Casino
May 4, 2021
Century Awaits Approval for Cambodia New Casino Opening
Following multiple delays, Century Entertainment has still not been given the go-ahead to open its new casino in Dara Sakor amid mounting COVID-19 case numbers. Cambodia’s Century Entertainment Casino Remains Shut Century Entertainment International Holdings Ltd will have to slow down and reconsider the date for starting operations at its new casino in Dara Sakor […]
Industry
April 2, 2021
NagaWorld Firmly on Track to Recover to Pre-Pandemic Levels
Gaming in the Asian-Pacific region is on track to complete recovery from the material impact of the coronavirus outbreak last year, an unaudited 2021 first-quarter report released by NagaCorp revealed. Daily Volumes Indicate Return to Pre-Pandemic Levels The operator of the largest integrated resort (IR) in Cambodia, NagaWorld, announced the first 3 months of 2021 […]
Legal
November 22, 2020
Cambodia Introduces and Enacts New Gambling Law
Cambodia has rolled out a new casino industry law that will guarantee fairer and more transparent gambling rules for consumers and businesses. New Casino Regulations Take Force in Cambodia Cambodia is looking to update what is an out-of-date casino industry regulatory framework. To this end the Cambodia’s National Assembly passed a law in October, to […]
Casino
July 6, 2020
NagaWorld Casino Reopens Doors on July 8, VIP Tables and Slots Available for Guests
Cambodia’s NagaWorld Casino will reopen doors on July 8. The operator has received a certificate, allowing it to resume operations. With that being said, the casino is still going to follow strict health and safety protocols. July 8 Marks the Day When VIP Tables and Slots at NagaWorld Start Operating NagaCorp Ltd has announced that […]
Casino
July 5, 2020
Cambodia Gives Green Light to Reopening Casinos
Shuttered since April 1, casinos in Cambodia are finally returning said the country’s prime minister Hun Sen through a spokesperson on Friday. Casinos in Cambodia Return after a Three-Month Hiatus Cambodia casinos will restart operations, the country’s Prime Minister, Hun Sen, confirmed on Friday. With operators now having an official green light by the government, […]
Casino
April 8, 2020
Donaco Implements Measures to Ensure Business Sustainability
Temporary closure of casinos around the world disrupted the core of the gaming industry and forced casino operators to take some unpopular measures to maintain the necessary operability state to be able to resume business the moment the ongoing health crisis resides. One thing is certain, though: burning cash reserves is inevitable. Donaco International, the […]
Legal
March 30, 2020
Cambodian Casinos to Close Due to Growing COVID-19 Outbreak
The shut down of all casinos nationwide in Cambodia is ordered by prime minister Hun Sen due to the growing COVID-19 pandemic. Nationwide Casinos Shutdown Due to the COVID-19 Pandemic Cambodian Prime Minister Hun Sen has ordered a nationwide shut down of casinos due to the COVID-19 outbreak in the country. The order came on […]