Logo of Phnom Penh Post newspaper Phnom Penh Post - Cinema chain eyes Cambodia expansion

Cinema chain eyes Cambodia expansion

Cinema chain eyes Cambodia expansion

Thailand’s Major Cineplex Group (MCG) plans to invest 5.2 billion baht ($158.6 million) in Cambodia, Laos, Myanmar and Vietnam (CLMV) to build 100 theatre screens, according to Thai media reports.

MCG officials told the Bangkok Post this week that the company, which currently operates seven screens in Cambodia, is considering a rapid expansion into CLMV markets in an effort to increase revenue from subsidiary operations three-fold.

“We see a lot of potential to grow in both Thailand and neighbouring countries,” MGC chairman Vicha Poolvaraluck told the Bangkok Post.

“If we achieve the 1,000-screen target, the revenue contribution from overseas operations will rise to 10 per cent, up from only 3 per cent,” Vicha said.

Chy Sila, the local partner of MCG’s Cambodia operations confirmed he is currently seeking new locations in Phnom Penh for more cinema screens.

“We had some talks with each other over the expansion plans. We see huge potential to grow here, compared to our neighbouring countries,” Chy said, citing MCG’s 300 screens in Vietnam and 1,000 in Thailand.

MCG commenced operations in Cambodia in June this year with the opening of Aeon Mall. The company installed seven screens within the modern shopping centre, with the capacity to hold 1,600 viewers.

“We already set plans to cooperate with other new shopping malls, but we need to see how big the malls will be and how many customers will potentially come,” Sila said. “We’re also looking at some potential province locations,” he said.

MOST VIEWED

  • Over 100 Chinese nationals to be deported for online scam

    The Ministry of Interior is planning to deport 128 Chinese nationals after they were arrested in Preah Sihanouk province on Wednesday for their alleged involvement in an online money extortion scam. Y Sokhy, the head of the Department of Counter-terrorism and Transnational Crime, told The Post

  • LPG gas explosion injures 13 people, including foreigners, in Siem Reap

    An explosion on Wednesday at a liquid petroleum gas (LPG) car and tuk-tuk refuelling station in Siem Reap city has left 13 people, including an American and a Briton, suffering burns. The seven most severely burned, including a provincial police officer, were sent to a Thai

  • The French mother navigating the capital in her own personal tuk-tuk

    French woman Cecile Dahome gracefully manoeuvres her tuk-tuk through the manic streets of Phnom Penh with the precision of a Japanese katana before a herd of motorcyclists, attempting to perform illegal U-turns, cuts her off. The riders, like baby ducklings following their mother’s tracks,

  • More than 800 people test positive for HIV in 2018

    The National Aids Authority (NAA) said more than 800 people tested positive for human immunodeficiency virus (HIV) last year, joining over 76,000 others aged between 15 and 49 in the Kingdom already infected with the virus. The spread of HIV/AIDS in the Kingdom is showing few signs of