Cambodian prime minister Hun Sen has said in a letter to the country’s king that the Buddhist Institute (pictured) in the capital Phnom Penh, will not be sold or rented to casino operator NagaCorp Ltd.
An extension to NagaCorp’s property NagaWorld that is currently under construction means the gaming resort shares a boundary with the institute.
Mr Hun Sen blamed “incitement by uneducated people” for the rumours, reported the Cambodia Daily newspaper.
On October 6 NagaCorp took the step of issuing a filing to the Hong Kong Stock Exchange, reassuring investors of its casino licence rights in the country.
On Thursday, the country’s Cults and Religion Minister Min Khin had told a National Assembly commission that the land wouldn’t be sold or rented out. “For this Buddhist Institute, we are not renting or selling or developing it for investment,” Mr Khin was quoted as telling local reporters.
Aug 16, 2019JP Morgan Securities (Asia Pacific) Ltd says it expects the protests that have been taking place for several weeks in Hong Kong to have a minor negative impact on Macau’s casino gross gaming...
Aug 16, 2019
Aug 16, 2019
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Chief executive of SkyCity Entertainment Group