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.

MOST VIEWED

  • Negotiations on EBA being held

    In an effort to defuse tensions, a senior government official said Cambodia is negotiating with the European Union (EU) on the Everything But Arms (EBA) trade deal, which allows the Kingdom to export goods to the 28-member bloc tariff-free. The EU notified Cambodia on October 5

  • Ministers to tackle sea pollutants

    Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s

  • Chinese police escort deported scam suspects

    Ninety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters

  • Sam Rainsy, government group set to clash at IPU Geneva meet?

    Opposition figure Sam Rainsy has been invited to speak at the General Assembly of the Inter-Parliamentary Union (IPU) in Geneva, according to a former Cambodia National Rescue Party (CNRP) lawmaker. A government delegation is also set to attend the meeting, a National Assembly press release