Cambodia’s Star Casino Asset at Centre of Donaco’s USD 55.6 Million Takeover by On Nut Road
Donaco International’s flagship Cambodian asset, the Star Vegas casino and hotel complex in Poipet, is now at the heart of a USD 55.6 million acquisition deal by On Nut Road, a Hong Kong-based special purpose vehicle managed by Argyle Street Management. As part of the takeover, shareholders will receive USD 0.045 in cash per Donaco […]
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Gov’t Restricts Casino Operations in Kep & Kampot, Allowing Exceptions in Two Areas
The Cambodian government has officially restricted casino operations in Kep and Kampot provinces to only two designated areas: Bokor Mountain and Prek Chak. This decision is outlined in Sub-Decree No. 110 dated 11 June 2024. The decision aims to foster diversified investment in sectors such as hotels and hospitality, manufacturing, agro-industry, trade, and special economic […]
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Japan Approves Ambitious $13.5 Billion Casino Project, A Game-Changer for Country’s Tourism Industry
The Japanese government has given the green light to the country’s first-ever legal casino project, set to transform the nation’s tourism industry. The initial investment cost for the ambitious project is estimated to be 1.8tn yen (approximately US$13.5 billion) and is expected to be completed in 2029. According to The Guardian, the MGM Resorts International […]
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Gov’t Issues New Guidelines Scrutinising Casino Businesses
The Commercial Gambling Management Commission of Cambodia (CGMC) 20 October issued new guidelines to further regulate casino businesses in Cambodia. According to the announcement, the summary of the guidelines includes: Casino operators must apply for a license or renew the casino license with CGMC or face legal action. Licensed casino operators can operate a casino […]
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