Logo of Phnom Penh Post newspaper Phnom Penh Post - Hong Kong gaming firm signs on to run Poipet VIP room

Hong Kong gaming firm signs on to run Poipet VIP room

Hong Kong gaming firm signs on to run Poipet VIP room

Hong Kong-listed gaming investment firm Amax International Holdings Ltd signed a three-year licence agreement with Poipet’s Crown Resorts on Thursday, giving it the rental of a VIP room starting on December 1, according to a filing on the Hong Kong stock exchange.

Operations of the room’s 13 baccarat tables will be outsourced to an unnamed third-party junket operator who currently operates VIP rooms in Singapore and Saipan and whose target customers will primarily be from Thailand, Macau and mainland China, the company said. Amax previously had operations in Macau that were shut down by the Gaming Inspection and Coordination Bureau in 2015.

MOST VIEWED

  • US names new ambassador to Cambodia

    US President Donald Trump on Friday appointed W Patrick Murphy as the new US Ambassador to Cambodia, replacing incumbent William A Heidt. A press release posted on the White House’s website said nominee W Patrick Murphy is currently acting principal deputy assistant secretary at

  • Kingdom is at a crossroads between East, West after poll

    It was dubbed a success by caretaker prime minister Hun Sen after the electoral victory of his Cambodian People’s Party (CPP), which is poised to take all seats in the National Assembly. But the July 29 national election has not been positively looked at by

  • Chinese influence to sweep Kingdom?

    Growing Cambodia-China ties have seen the latter’s influence sweep across the Kingdom through increased investments and tourism. The Asian giant has become the leading source of foreign funds in Cambodia, fuelling the construction sector with huge casino and hotel projects. Much of the growth

  • Western poll flak is ‘pressure to take the Kingdom hostage’

    After last month’s national elections brought praise for the orderly manner they were run and managed, the ruling Cambodian People’s Party (CPP) spokesman Sok Eysan dismissed criticism from the West as a “violation of the Kingdom’s independence”. He said the attitude of