Inside Asian Gaming

inside asian gaming MAY 2015 12 Cover Story Among dozens of casinos in Cambodia, NagaWorld in Phnom Penh has done the most to raise the kingdom’s regional profile By Muhammad Cohen Cambodia Putting on the Map C ambodia doesn’t often appear on regional leader boards, but it tops Southeast Asia when it comes to number of casinos. The kingdom hosts some 60 of them, most of which are small operations along its borders, but Cambodia also has ambitious operators traded on major exchanges poised to fuel further growth, including NagaCorp, a top performer on Hong Kong’s Hang Seng Index since its 2006 listing, NASDAQ-listed Entertainment Gaming Asia, controlled by Lawrence Ho’s Melco International, and most recently Australia-listed Donaco International, which is finalizing its purchase of Star Vegas, reputed to be the best performer among Cambodia’s border casinos.