Oct 13, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck  
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.
Apr 22, 2024
Apr 11, 2024
Apr 24, 2024
Apr 24, 2024
Apr 24, 2024
Several operators of foreigner-only casinos in South Korea have confirmed to GGRAsia that they are either opening or reactivating marketing offices in Japan, traditionally an important target market...(Click here for more)
”[Las Vegas Sands] conservatively would like to reduce absolute debt levels at Sands China given debt raised during the pandemic”
Colin Mansfield and Connor Parks
Analysts at CBRE Capital Advisors