NagaCorp’s GGR up 23.7% in 1Q24, VIP exceeds pre-COVID levels 

NagaCorp Ltd, the operator of NagaWorld, a casino resort monopoly in the Cambodian capital Phnom Penh, has announced that it recorded a 23.7 percent increase in gross gaming revenue in the first quarter of this year compared to the same period last year, reaching over $145 million.

Cambodia’s famed Angkor records 47 per cent rise in international tourists in Q1

Cambodia's famed Angkor Archaeological Park received 347,534 foreign visitors in the first quarter of 2024, up 47 per cent from 236,341 over the same period last year, said a news release on Monday.

World Bank forecasts 5.8 per cent growth for Cambodia in 2024

Cambodia's economic growth will improve to 5.8 per cent in 2024, up from 5.4 per cent in 2023, a World Bank's senior economist said on Monday.

Cambodia getting a China-backed, game-changing canal

Funan Techo Canal will allow Cambodia to bypass Vietnam for its international trade and pull it even tighter into Beijing’s sphere of influence

Korea, Cambodia discuss stronger economic cooperation

Korea's Trade Ministry said Wednesday it discussed measures to bolster bilateral cooperation with Cambodia in areas including trade, infrastructure and carbon neutrality.

Cambodia bets big on tourism despite yet having visa-free policy with China: Insider

Tourism is a “major focus” of Cambodia under the new leadership of the country’s Prime Minister Hun Manet.

Brave new NagaWorld

Phnom Penh’s monopoly casino resort has lost its founder and much of its mainland Chinese customer base, writes Muhammad Cohen.

Budget giant Air Asia starts ticket sales for new airline in Cambodia

Getting from backpacker favourite Phnom Penh to the iconic ruins of Angkor Wat could be about to get easier, with Air Asia Cambodia gearing up for its first flights in May.

Cambodia vexes Vietnam with plan to divert Mekong trade via China-built canal

Planned Phnom Penh-to-coast link raises alarms amid regional influence tussle.

Cambodia needs to reinvent itself amid a dynamic changing market landscape: panelist

The accelerating move by the Thai government to legalize casinos is forcing the Cambodian gaming operator Naga Corp to ‘redefine’ its strategy, says gaming expert Daniel Li, a senior consultant at the Commercial Gambling Management Commission of Cambodia.

‘Never seen such a brand before’: AirAsia Cambodia eyes growth despite tax challenges

At the AirAsia Cambodia launch event in Phnom Penh on 18 March, a group of cabin crew take the stage in a dimly-lit ballroom in Phnom Penh, performing a dance to the track ‘Cambodian Pride’.

Cambodia’s total public debt reaches US$11.24bil in 2023 as economy expands

The Cambodian government had a total public debt stock of US$11.24 billion as of 2023, according to the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance on Monday.

AirAsia ramps up expansion with Cambodia flights from May

AirAsia’s Cambodia unit kicked off ticket sales for domestic flights as the budget carrier seeks to expand across the region and tap into a resurgence in travel demand.

National Bank of Canada denies media report of talks to sell its Cambodian unit

National Bank of Canada on Tuesday denied a media report that said it was in talks to sell its Cambodian unit, ABA Bank.

Cambodia’s National Assembly ratifies draft waterway transport law

Cambodia's National Assembly recently ratified a draft law on waterway transport that aims at enhancing waterway investment and port management in the country.

Foreign Affairs Ministry Reports Surge in Indonesian Nationals Engaging in Cambodia’s Online Gambling Industry

The Foreign Affairs Ministry has noted a substantial rise in the number of Indonesian citizens participating in Cambodia's online gambling sector.

Cambodia’s PAS port’s container throughput up 8.5% in 2023

It dominates Cambodia's trade, with significant exports to the US and imports from China.

Under the Scope: Cambodia tightens its regulatory belt, aims to appease China

The announcement by Cambodia’s leadership that it is planning to halt the expansion of gambling within the country could likely be a bid to cozy up to its main regional friend China and get visitation back.

Cambodia’s pioneering post-Khmer Rouge era Phnom Penh Post newspaper will stop print publication

The Phnom Penh Post, a newspaper founded in 1992 as Cambodia sought to re-establish stability and democracy after decades of war and unrest, said Friday that it will stop publishing in print this month, the latest blow to the country’s dwindling independent media.

Bilateral trade with Cambodia nearly $342M

Bilateral trade between Cambodia and Thailand reached $341.8 million in the first month of 2024, marking a slight increase of 0.2% over the same period last year, as reported by the Cambodian General Department of Customs and Excise.

LATEST NEWS