NagaCorp soars back to profit in 1H22, resumes dividend payments
Hong Kong-listed NagaCorp Ltd has reported a net profit of US$52.7 million for the six months to 30 June 2022, reversing a US$77.2 million loss recorded a year earlier on the back of higher business volumes across all business segments...
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Philippines, Cambodia still on international AML grey list
The Philippines and Cambodia remain on a list of nations under increased monitoring by the Financial Action Task Force (FATF), also known as the “grey list”, for deficiencies in their efforts to counter money laundering, terrorist financing, and proliferation financing....
NagaWorld protesters accused of conspiracy
Cambodian authorities have accused a group of NagaWorld workers involved in a protest against the treatment of 365 former employees laid off by the company last April of being part of a conspiracy. At a joint press conference held earlier...
NagaCorp, Wynn Macau seen having greatest regional exposure to junket risks
Cambodian casino operator NagaCorp and high-end-focused Macau concessionaire Wynn Macau Ltd are the two regional operators most exposed to the VIP segment, and therefore most at risk from China’s crackdown on cross-border gambling, according to Morgan Stanley analysts. The issue...
Cambodia removes quarantine requirement for fully vaccinated visitors
Cambodian Prime Minister Hun Sen has announced the lifting of all quarantine requirements for fully vaccinated arrivals as of Monday 15 November. According to local media reports, the news was delivered on Sunday with near immediate effect, allowing international arrivals...
US companies warned against investing in Cambodia’s casino and financial sectors on trafficking, money laundering concerns
The US Department of State, US Department of the Treasury and US Department of Commerce have issued a joint advisory cautioning American companies either operating in or considering operating in Cambodia against interactions with certain entities and sectors of concern,...
Century Entertainment granted two gaming tables as Ng Man Sun opens new casino in Cambodia’s Dara Sakor
Hong Kong-listed Century Entertainment International Holdings Ltd says it has been assigned two gaming tables, with more expected to follow, to be operated by the company as part of an agreement related to a new casino in Dara Sakor, Cambodia....
Donaco reveals cash burn of US$380,000 per month in 3Q21
Southeast Asian casino operator Donaco International Ltd says it burned through US$380,408 per month due the impact of COVID-19 in the three months to 30 September 2021, although the cash burn was “well within the targeted range.” According to a...
