NagaCity Walk gives capital a taste of duty-free shopping

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VietStock FI English 1 week(s) ago

The NagaCity Walk, a $94 million subterranean shopping centre in Phnom Penh aimed at high-rolling tourists visiting the adjacent NagaWorld casino and hotel complex, held its soft opening yesterday, with duty-free luxury goods ranging from affordable tobacco, perfumes and designer watches to a $3,400 bottle of cognac.

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Bassaka Air sticks to its routes

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VietStock FI English 1 week(s) ago

Bassaka Air has said it plans to continue serving the Cambodian domestic market, bucking analyst predictions that the airline would abandon this increasingly competitive air space once it secured a licence to operate in the more lucrative Chinese market.

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Gaming firm to push into mobile apps

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VietStock FI English 2 week(s) ago

Pan-Asian gaming company Entertainment Gaming Asia Inc (EGA) will actively pursue new business ventures, including developing an online social casino platform, to help offset short-term revenue losses, the company said in a filing yesterday.

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Duterte's war on online gambling prompts gaming tycoon's exit

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Báo Thanh Niên English 2 week(s) ago

Duterte's war on online gambling prompts gaming tycoon's exit

Former PhilWeb Corp. Chairman Roberto Ongpin, who’s been singled out by Philippine President Rodrigo Duterte in a campaign to end the influence of big businesses on the government, said he will sell his stake to protect the electronic gambling company and its workers.

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NagaCorp profits up as casino packs in punters

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VietStock FI English 2 week(s) ago

Nagacorp Ltd, the operator of NagaWorld casino in Phnom Penh, saw its net profit climb 24 per cent during the first half of 2016 on “an increase in business volume across all segments of the gaming business,” the Hong Kong-listed company said in a filing yesterday.

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Ba Ria-Vung Tau’s beaches discovered

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Báo Đầu Tư English 2 week(s) ago

Ba Ria-Vung Tau’s beaches discovered

Ba Ria-Vung Tau is becoming a hit with tourists, due to its 300-kilometre coastline of sandy shores and resort destinations.

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Big C bends to heavy-handed authorities

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Báo Đầu Tư English 3 week(s) ago

Big C bends to heavy-handed authorities

Big C Vietnam, representing its new owner Central Group, committed to finishing the payment of its outstanding tax debt (VND1.534 trillion or $70 million) by the end of this month.

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Thailand's Central declares $89.6 mln tax on Big C Vietnam deal: report

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Báo Thanh Niên English 3 week(s) ago

Thai retail giant Central Group has declared around VND2 trillion (US$89.6 million) in tax on its acquisition of Vietnam's biggest foreign-owned supermarket chain Big C, local media reported.

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Gaming pilot programme aims to enter Vietnam

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Báo Đầu Tư English 3 week(s) ago

Gaming pilot programme aims to enter Vietnam

A pilot programme, in which capable operators implement internationally proven solutions, will help resolve qualms of the Vietnamese government regarding legalising gaming. Michael Kelly, executive chairman of the Board of ACDL and Ho Tram Project Company talked to VIR’s Hoang Anh on the sideline of the Hospitality Investment Conference Vietnam on the benefits of such a programme and how it can be implemented.

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Gaming firm cashes out of NagaWorld deal

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VietStock FI English 1 month(s) ago

Gaming firm cashes out of NagaWorld deal

Pan-Asian gaming company Entertainment Gaming Asia Inc (EGA) will sell 670 of its electronic gaming machine (EGM) seats placed at NagaWorld casino in Phnom Penh to an unnamed Cambodian firm for $2.5 million, the Nasdaq-listed company announced on Wednesday.

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Woman arrested in southern Vietnam for running gambling den at home

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Báo Thanh Niên English 1 month(s) ago

Woman arrested in southern Vietnam for running gambling den at home

Police in the southern province of Ba Ria-Vung Tau have arrested a woman for allegedly running illegal gambling operations at her house and making dozens of millions of dong in profits every day.

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Vietnamese tax authorities looking to pin down elusive Uber and Big C

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Báo Đầu Tư English 1 month(s) ago

Vietnamese tax authorities looking to pin down elusive Uber and Big C

Vietnamese tax authorities are looking for a way to tax ride-sharing company Uber, while putting pressure on French and Thai retailers Groupe Casino and Central Group, the old and new owner of supermarket chain Big C Vietnam, to pay the tax incurred from the sale.

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Vietnam asks Big C to fulfill tax responsibility before making managerial adjustments

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam asks Big C to fulfill tax responsibility before making managerial adjustments

Vietnam’s General Department of Taxation has requested local tax agencies in 20 locations Big C has operations in to ensure that the supermarket chain has fulfilled tax liabilities before renewing its business license or changing its legal representatives.

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Casino town’s luck could run out

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VietStock FI English 2 month(s) ago

A final draft of a casino law has been submitted to the Vietnamese government which, if approved, could lift the ban on Vietnamese nationals gambling on their home turf – a move that some casino operators in the Cambodian border town of Bavet say could be a knockout blow to their struggling operations.

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Investors bet on casino decree

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Báo Đầu Tư English 2 month(s) ago

Investors bet on casino decree

A long-awaited draft decree, which for the first time allows Vietnamese residents to gamble in casinos, has just been submitted to the government after seven years of compilation.

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