• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Malaysian firm says has nod for casinos in Cambodia

Mar 28, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck  


Malaysian firm says has nod for casinos in Cambodia

Malaysian company SV International Sdn Bhd says in a promotional video that it has obtained approval from Cambodia’s Council of Ministers to develop hotels and casinos in Sihanoukville (pictured), a coastal city in Cambodia.

On Monday, the Cambodia Daily newspaper quoted Ros Phearun, a spokesman for Cambodia’s Ministry of Finance, confirming government approval of SV International’s initial plans for development in Sihanoukville. But he added that SV International had not yet applied to the ministry regarding casino licensing for the newly announced projects or provided details of the developments.

Alan Lim, described as SV International’s founder and group chairman, was quoted by the newspaper saying the planned developments included casinos, online casinos, hotels and pawnshops.

The firm’s first property – to be called SV World casino – would be in a refurbished hotel, Mr Lim was quoted as saying. The revamp work would start in April and be completed by September.

The Phnom Penh Post newspaper on Monday separately reported that an entity called Salient Ventures Ltd – described as a locally registered arm of SV International – was bulk-buying potential development land in Sihanoukville’s port area. SV International said in its promotional video that it was also purchasing existing hotels in the area for renovation and equipping them with gaming licences.

The Malaysian firm additionally said in the video that it hoped to acquire “in the next three to six months … its second casino licence” in Cambodia.

Cambodia does not currently have a gaming law. Mr Phearun was quoted in February saying it might introduce such a statute this year. In the absence of formal regulation, Cambodia has issued licences for land-based casinos, and some venues have then requested permission to include online operations.

In November the Khmer Times reported that a Cambodian entrepreneur – said to own three border casinos serving Thai gamblers – had been given permission to expand his gaming businesses into online activities.

Tim Shepherd, president of business development for Asian casino and gambling hall operator Silver Heritage Ltd, said on Wednesday during the iGaming Asia Congress held in Macau that Sihanoukville had recently become popular with firms wishing to operate telephone betting operations to Asian customers, mostly by the use of live video feeds showing casino dealers operating casino table games. He noted that telephone betting – also known as proxy betting – while having been technically allowed in Macau if it did not involve a live video link, had now largely been eliminated from the Macau market.

In a November 2014 note, brokerage Daiwa Securities Group Inc said that – at the time of writing – proxy betting had been estimated to account for 8 percent of the Macau market’s casino gross gaming revenue (GGR) for VIP play. Macau’s VIP baccarat GGR in 2014 was nearly MOP212.54 billion (US$26.6 billion), according to Macau government data.


  • tweet
Related articles
  • Jeju still studying online gaming for its casinos: govt
    Jeju still studying online gaming for...

    Jun 24, 2022  

  • Donaco to restart gaming operations at Star Vegas
    Donaco to restart gaming operations at...

    Jun 17, 2022  

More news
  • Sega Sammy to launch Genesis Crest 43J cabinet in Asia
    Sega Sammy to launch Genesis Crest 43J...

    Jul 01, 2022  

  • Macau monthly GGR for June worst since Sept 2020
    Macau monthly GGR for June worst since...

    Jul 01, 2022  


Latest News

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Jul 01, 2022  

Casino equipment supplier Sega Sammy Creation Inc said in a Friday release it was debuting its Genesis Crest 43J cabinet in Asia. The product will be available at an in-person trade show, G2E Asia:...
Read More
Macau monthly GGR for June worst since Sept 2020

Macau monthly GGR for June worst since Sept 2020

Jul 01, 2022  

Kangwon 2021 average bet 61pct above foreigner casinos

Kangwon 2021 average bet 61pct above foreigner casinos

Jul 01, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


638

Aggregate number of Covid-19 cases in the latest Macau outbreak, as of Thursday-end



Most Popular

  • Macau tells casinos cut on-duty staff by 90pct: reportsMacau tells casinos cut on-duty staff by 90pct: reports July 1, 2022
  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • GKL says no biz lift soon from S.Korea-Japan travel easingGKL says no biz lift soon from S.Korea-Japan travel easing July 1, 2022
  • Macau monthly GGR for June worst since Sept 2020Macau monthly GGR for June worst since Sept 2020 July 1, 2022
  • Universal hopes Okada Manila biz listed before Sept 30Universal hopes Okada Manila biz listed before Sept 30 June 30, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us