Sihanoukville was once a city that drove both local and international headlines. Considered the next hot property investment destination, Sihanoukville continued development as a prime residential, commercial, retail, and up until 2019, gambling hub in Southeast Asia. The city was the microcosm of Cambodia’s rapid development in the past decade. Sihanoukville, a once-sleepy beach town…
Sihanoukville provincial authority and private sector has welcomed a $50 million investment in a new five-star hotel, which observers note will better equip the province to serve tourist arrivals in the years to come. The Council for the Development of Cambodia (CDC) on May 5 gave JinBei Palace Co Ltd the nod for its 195-room…
International Limited has announced all casino operations in the Banteay Meanchey province have been temporarily suspended from 27 April 2021 to comply with the order from Cambodia local authorities to for closure of all casinos in the area. The company’s casino, Star Vegas (pictured), halted its operations until further notice to prevent the outbreak of…
The nighttime lockdown curfew in Cambodia’s capital city, Phnom Penh (pictured), host of the NagaWorld casino resort, has been again extended by the local authorities for another week, to May 5. Such curfew was first introduced on April 1 as a countermeasure against the further spread of Covid-19, and was due to last until April…
Malaysian-based WA Hospitality will be making its foray into Sihanoukville with the opening of the 300-key Won Majestic Casino Hotel & Resort Cambodia come 1Q2022. Located steps from the picturesque Sokha beach, the property will feature luxury suites and studio rooms, a swimming pool, gym, three restaurants, guest lounge and a casino. WA Hospitality had…
The governor of Preah Sihanouk, Kuoch Chamroeun, has granted permission for three hotspots in Sihanoukville, Cambodia, including Jin Bei Casino and Hotel, to resume normal operations. All three branches of Jin Bei Hotel as well as Jin Bei Casino and Hotel were closed down in late February after two positive cases of COVID-19 among Chinese…
King Norodom Sihamoni has promulgated a long-awaited gambling law that aims to create jobs, boost the economy and bolster tourism as well as establish safeguards against money laundering and corruption. The law, which will dictate how casinos and gambling operators conduct business, has 12 chapters and 97 articles. It was passed by the National Assembly…
Hong Kong-listed NagaCorp Ltd, the parent company of local casino operator NagaWorld Ltd, on November 15 announced plans to develop a $350 million non-gaming integrated resort (IR) in Siem Reap province. The industry term IR is used to describe a large-scale resort complex that comprise tourism and conference amenities and often feature casinos and other…
The once dormant Cambodian gaming capital of Sihanoukville is returning with a modernized model for the times that appears prepared to create added steady revenue flow for Cambodia. Recent History Originally arising from a construction boom backed primarily by Chinese investors, Sihanoukville developed into a resort of palm-fringed beaches with no regard for urban planning,…
Cambodian casino operator NagaCorp says it’s not worried about the COVID-19 pandemic because the company believes its Phnom Penh casino monopoly will outlast the virus. On Wednesday, NagaCorp issued a trading update on its performance over the first three months of 2020, during which gross gaming revenue at its NagaWorld facility in Cambodia’s capital rose 15% year-on-year…
