Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Hong Kong group invests in Cambo Six

Hong Kong group invests in Cambo Six

Hong Kong group invests in Cambo Six

Golden Resorts Group, a Hong Kong-listed operator of hotel-casinos in Macau, is

set to acquire a 49 percent interest in Cambodian bookmaking business Cambo Six,

local media reported. The group said in a statement it had signed a memorandum

of understanding to acquire the share for about $19 million. Cambo Six holds a

license granted by the Cambodian government to operate an exclusive bookmaking

business for football matches. Golden Resorts will pay about $8 million in cash

for the acquisition, while the remaining $11 million will be satisfied by

issuing shares at about $0.08 per share. The deal is expected to be finalized by

May 31.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all