Wednesday, November 13, 2019
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Nagacorp 1H GGR gains 42 percent driven by VIPs

Nagacorp said its gross gaming revenue surged 42 percent in the first half, driven by a 50 percent jump in VIP rollings. The company, which...

China crackdown puts spotlight on political risk in Asia

While most countries across Asia pose some degree of political risk, Taiwan is perhaps one of the more complex jurisdictions due to its relations with neighbouring China.Domestic politics, public opinion and cross-straits relations may all play a part as the island debates moves to allow a casino industry on its outlying islands. Bill Bryson, a senior advisor at Global Market Advisors, outlines some of the risks and mitigating factors.a)  Possible change of ruling party: Taiwan is a full-fledged democracy, in which all elected government positions, including the President, are directly elected by the people of Taiwan. The current ruling party, the Chinese Nationalist Party (“KMT”), is generally favorably disposed towards creating a casino gaming industry and has a clear majority in the Taiwan legislature. The current opposition party, the Democratic Progressive Party (“DPP”), is generally not favorably disposed towards casino gaming, but is less concerned about the establishment of casino gaming on Kinmen and Matsu since it does not consider those two islands, which sit just off the coast of Fujian Province within sight of the Chinese mainland, to be part of Taiwan.

Cambodia collects 20 percent more gaming tax in H1

Cambodia collected $12 million in tax from casinos in the first six months of the year, a year-on-year increase of 20 percent, local media...

Jimei unit to run VIP operation in Nagaworld

Jimei International said one of its units will run a junket operation at NagaCorp’s NagaWorld casino in Cambodia for an initial period of one...
Cambodia, Star Vegas

Donaco International promotes deputy CFO

Donaco International Ltd announced that the company’s deputy chief financial officer, Chong Kwong Yang, has been appointed to the senior position of chief financial...

Donaco confirms ownership of Star Vegas

 Donaco International confirmed that it has completed the acquisition of the Star Vegas Club and Resort in Poipet, Cambodia. “The Company now has ownership and...

Acquisition of Star Vegas Resort in Cambodia on track

Donaco International announced that the acquisition of the Star Vegas Resort and Club in Poipet, Cambodia, is on track for completion on 1 July,...

Global VIP market slowing, Morgan Stanley says

The VIP market is showing signs of slowing growth globally and not just in Macau, according to a report from Morgan Stanley. In Q1, 2015,...

NagaCorp expects “significant” increase in net profit

NagaCorp, operator of Phnom Penh’s NagaWorld, said it expects to record a significant year-on-year increase in net profit attributable to shareholders as a result...

Naga reaches $40 mln EGM deal with investor group

Nagacorp said it has reached an accord with a group of four investors over a new electronic gaming area in its NagaWorld casino in...

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SkyCity board member to resign over fire-hit project

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