Gaming firm cashes out of NagaWorld deal

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VietStock FI English 2 week(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 2 week(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 3 week(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 3 week(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 3 week(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 1 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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Parties urged to pay $160mn tax in Big C Vietnam transfer deal

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Báo Tuổi Trẻ English 1 month(s) ago

Parties urged to pay $160mn tax in Big C Vietnam transfer deal

Two months after the finalization of a massive deal that sees French-owned supermarket chain Big C Vietnam transferred to a new owner, neither of the parties involved seems to care about fulfilling their tax liabilities, much to the frustration of the Vietnamese tax agency.

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Vietnam demands $159 million tax on Big C deal: report

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Báo Thanh Niên English 1 month(s) ago

Vietnam demands $159 million tax on Big C deal: report

More than a month after France's Casino Group completed the US$1.04 billion sale of supermarket chain Big C Vietnam to Thailand's Central Group, the Vietnamese tax authority has reportedly grown impatient with the late tax payment on the record deal.

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Cambodian VIP revenue growth leads world market

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VietStock FI English 1 month(s) ago

Cambodian VIP revenue growth leads world market

Cambodia is expected to lead the globe in terms of VIP gaming revenue growth as a percentage this year, according to a new report issued by US investment bank Morgan Stanley.

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Banyan Tree’s luxury resort takes shape

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Báo Đầu Tư English 1 month(s) ago

Banyan Tree’s luxury resort takes shape

Singaporean developer Banyan Tree Holdings intends to build six more hotels in the Laguna Lang Co resort complex over the next few years.

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The Grand plans expansion of resort

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Báo Đầu Tư English 1 month(s) ago

The Grand plans expansion of resort

The Ho Tram Project Company – the developer behind the $4.2-billion The Grand Ho Tram Strip integrated resort and casino in the southern province of Ba Ria-Vung Tau, is jumpstarting the construction of the resort’s second hotel tower and additional amenities.

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Canada developer pledges another $75 million for resort project in Vietnam

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Báo Thanh Niên English 2 month(s) ago

Canada-incorporated Asian Coast Development Ltd. has pledged another US$75 million for a 400-acre resort and casino complex near the southern beach town of Vung Tau.

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Thailand's Central Group to slow down Vietnam acquisitions after Big C deal: report

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Báo Thanh Niên English 2 month(s) ago 1 related news

Thailand's Central Group to slow down Vietnam acquisitions after Big C deal: report

After aggressively expanding its business in Vietnam in the past two years, mainly through acquisition deals, Thai retail giant Central Group now plans to ease the buying spree to focus on generating profits over the next three years.

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Casinos gamble on liberalising decree

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Báo Đầu Tư English 2 month(s) ago 1 duplicate news 1 related news

Casinos gamble on liberalising decree

Seven years after its first proposal, Vietnam’s government decree on the casino business has yet to be approved despite undergoing many revisions.

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Big C Vietnam's new Thai owner unveils aggressive expansion strategy

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Báo Thanh Niên English 2 month(s) ago 1 related news

Big C Vietnam's new Thai owner unveils aggressive expansion strategy

A Big C outlet in Vietnam. Photo credit: Zing

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