Sri Lanka to open casino at Colombo Lotus Tower
A recently opened communications tower in Colombo, Sri Lanka will soon house a casino as part of an agreement to operate a comprehensive entertainment area across one floor of the building. According to details announced by Sri Lanka’s State Minister...
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...
Thailand: Keeping the dream alive
Now more than ever it appears that Thailand will finally realize a legal casino gaming industry, although it remains to be seen what form it will take. Long considered a pipe dream, the narrative around a legalized casino industry in...
Imperial Pacific International to owe US$103 million in unpaid fees to CNMI government
Troubled Saipan casino operator Imperial Pacific International (IPI) will soon owe more than US$100 million to the CNMI government as it awaits a long-promised capital injection from an investor. The Commonwealth Casino Commission (CCC) broke down IPI’s outstanding obligations during...
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...