Industries

Gaming

Myanmar moves to legalise casinos

Myanmar is considering a plan to legalise casinos. Some already operate under special provisions but changes to the law are being proposed to encourage more tourism and tax collection. A Chinese company is now working with a militia to help it develop a large border ...

Cambodia's casino boom town, created by Chinese money

Chinese money has transformed the once-sleepy backpacker destination of Sihanoukville, Cambodia into a gambling resort hub with 30 casinos, and 70 more being built. It’s touted as the “New Macau”. But all that new wealth is eluding many local Cambodian businesses – which are being ...

Casinos could bring B100bn windfall

More than 100 billion baht a year in tax revenue is expected to pour into state coffers if casinos are legalised in Thailand, according to a study conducted by the dean of Rangsit University’s College of Social Innovation. The estimated revenue excludes contributions from tourism and ...

NagaCorp casino profits swell to $173M

Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. Gross gaming revenue (GGR) ...

Casino tax receipts up 33 pct in 2015: government

The government collected $34.7 million in taxes from Cambodia’s 63 licensed casinos in 2015, a 33 per cent increase over the previous year, a Ministry of Economy and Finance official said on 12 January. Ros Phirun, deputy director of the ministry’s Finance Industry department, attributed the ...

Police break up drug ring on Vietnam-Laos border

Authorities in the north-central province of Quang Tri busted on 23 November an illicit ring that supplied drugs and unlawfully organized gambling near the Vietnam-Laos border. Quang Tri border guards, in coordination with police in Laos’ Savannakhet Province and relevant agencies, launched a raid on the ...

Savan Vegas casino hotel in Laos up for sale

Savan Vegas Hotel and Entertainment Complex, a casino hotel in Laos, is being offered for sale via a competitive bid process, according to a press release dated 19 October. Keep reading ...

In Laos' economic zone, a casino and illicit trade beckon in 'lawless playground'

Kings Romans Casino is the centerpiece of the Golden Triangle Special Economic Zone, a 39-square-mile private concession in northwestern Laos, an impoverished communist country of 6.7 million between Thailand and Vietnam. As the name suggests, it is within the Golden Triangle, the area where Thailand, ...

Gaming firm gaining momentum with slot machines

US-listed gaming operator Entertaining Gaming Asia (EGA) has recovered from last year’s losses and recorded a profit during the second quarter of 2015. Along with sales of its gaming products, including poker chips and gaming plaques, the company attributed much of the increase to a boost ...

Jungle Vegas: How China's gamblers are pouring into a casino in Laos' notorious Golden Triangle

Kings Romans, a Chinese-owned casino complex in Ton Pheung district, Bokeo, is the centrepiece of a 10,000-square metre “Golden Triangle Special Economic Zone” set up by communist-ruled Laos with investment from its giant neighbour. The other Golden Triangle nations, Thailand and Myanmar sit just across river, ...

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