Put aside any preconceptions about Cambodia. This
storied country in Southeast Asia has become an increasingly popular
destination for intra-Asian tourism, thanks to its vibrant services and
entertainment sectors.
While perennial tourist favorites such as Angkor and the Silver
Pagoda continue to draw crowds, tourists also are attracted by elaborate
casinos and the weakness of the Cambodia riel.
Gambling remains illegal in nearby emerging markets such as mainland
China and Thailand and few organized gambling venues exist in most of
the rest of Asia. The region’s gamblers in search of a Las Vegas-like
experience must choose between China’s special administrative region of
Macau, or Cambodia.
With the higher valuation of the Chinese currency relative to those
of the rest of the region and the fact that Macau caters primarily to
high rollers, Cambodia has become the gambling destination of choice for
mid-stakes players in the region.
Naga Corp (OTC: NGCRF) has long focused on those
gamblers, opening Cambodia’s first casino about five years ago.
Competitors have since emerged in the country—61 casinos are now in
operation—but Naga Corp’s NagaWorld remains the only gambling
establishment in Cambodia’s capital of Phnom Penh. It holds the
exclusive gambling rights (until 2035) within 200 kilometers of the
capital, also home to Cambodia’s international airport, giving it a
clear monopolistic advantage in its industry. Read the full article here.
1 comment:
This site is really helpful for getting required information and the content presented in this site is so well. For my future access, I bookmarked this site.
casino
Post a Comment