Nagacorp Chairman Tim McNally pens heartfelt tribute to Tan Sri Dr Chen Lip Keong
Following the passing of NagaCorp founder Tan Sri Dr Chen Lip Keong on Friday 8 December, announced by NagaCorp this morning, company Chairman Tim McNally has provided the following statement to Inside Asian Gaming, which he referred to as a...
Read moreDonaco posts first profitable quarter in over a year on Star Vegas recovery
ASX-listed Donaco International Limited has produced its first EBITDA-positive quarter in more than a year in the three months to 30 September 2022, buoyed by the reopening of Star Vegas Resort & Club in Poipet, Cambodia. Shuttered on 27 April...
Work still remains for Cambodia to drop off Financial Action Task Force grey list
Cambodia has made significant progress towards being removed from the Financial Action Task Force (FATF) money laundering grey list but still has work to do, according to local anti-corruption outfit Transparency International Cambodia (TI Cambodia). The comments, from TI Cambodia...
Cambodia’s illegal gambling crackdown sees more than 10,000 venues raided
Cambodia police have raided more than 10,000 suspected illegal gambling establishments and taken legal action against 127 of them, authorities have revealed. As reported by The Khmer Times, National Police spokesman Lieutenant General Chhay Kim Khoeun stated late last week...
Sihanoukville announces new rules for casino operators to curb human trafficking
Casino operators in the Cambodian province of Preah Sihanouk have been put on notice with Governor Kuoch Chamroeun announcing a raft of new measures aimed at preventing human trafficking and other illegal activities. According to The Khmer Times, Chamroeun issued...
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...
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...