Junkets eye Cambodia’s VIP potential

Macau’s junket operators are increasingly focused on Cambodia, drawn in by growing business ties with China and its location between countries that don’t allow locals to gamble. SunCity Group, Macau’s largest junket, on March 1 launched its first VIP Club at NagaCorp’s NagaWorld property in Phnom Penh, encouraged by the rapid growth in Chinese tourists to the kingdom. NagaCorp opened the second phase of its resort, Naga2, in November adding a further 300 gaming tables to the property. Analysts say the new extension pushes up the standard of facilities and entertainment in Cambodia, increasing its appeal to VIP gamblers. In e-mailed comments to AGB, Suncity Group said the operator’s involvement in the kingdom highlighted the “great potential” in Cambodia’s VIP gaming market. Ben Reichel, executive director of the Australian casino operator, Donaco International Ltd, which has a property in the western province of Poipet,  said SunCity’s move to Cambodia was “pretty significant”. “Suncity...

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