Logo of Phnom Penh Post newspaper Phnom Penh Post - Sihanoukville to host next entertainment expo




Sihanoukville to host next entertainment expo

Content image - Phnom Penh Post
Somheng (second from the right) presents a certificate to a foreign exhibitor at the expo on November 28. Post staff

Sihanoukville to host next entertainment expo

The Asia Entertainment and Investment Expo 2018 concluded in Phnom Penh on a positive note last week, with potential sales hitting the targeted $50 million and investors expressing confidence in Cambodia’s business sector.

The three-day trade event managed to attract about 2,000 visitors and 70 exhibitors from Asia, Europe and the US.

“It was a successful event and we managed to hit the $50 million target in terms of potential and confirmed sales that included gaming, equipment and entertainment categories,” Jerel Soo, CEO of WorldEx Trade Media Sdn Bhd that organised the event told The Post.

Following the success and requests from international participants, the organisers are planning to host the event in Sihanoukville next year – a city which has emerged as a major attraction for gaming investors.

The expo themed “Realizing Opportunities and Gearing Gaming Market for Future” was held at Sokha Phnom Penh Hotel from November 28 to 30.

The objective of the event was to attract investors in the property, franchise, gaming and entertainment industries.

And, at the same time to promote the latest technologies in the entertainment and gaming sectors.

Companies involved in e-payment, leisure, online-gaming and service providers for the entertainment industry participated in the expo, while experts also joined the conference, where issues related to the respective sectors were discussed.

“Cambodia is moving in the right direction and the entertainment and gaming sectors can attract more tourists to the country and also reduce unemployment like in Macau, where unemployment is very low.

“More investors from Europe are showing interest in Cambodia as the gaming market is a sunset industry in Europe. So Cambodia has the opportunity to position itself as key player in the region,” he added.

The government legalised gambling in Cambodia and 60 gambling outlets are currently operating in 13 cities around the Kingdom. 

Speaking at the opening ceremony of the event last Wednesday, Ministry of Commerce undersecretary Somheng Bora urged foreign investors to consider Cambodia as their investment destination as the country is experiencing rapid growth.

“There is a big push for development in Cambodia, there is peace and rapid development."

“I am passionate about promoting development and invite foreign investors to invest in Cambodia."

“The environment here is ready to accept your investments,” said Somheng.

The trade expo was supported by the Ministry of Commerce and Ministry of Economy and Finance. 

Malaysia-based WorldEx Trade Media Group is involved in organising international trade events around the region.

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • ‘Beware of WhatsApp fraudsters’

    The Ministry of Posts and Telecommunications warned members of the public who use WhatsApp to vigilantly guard against a new trick employed by hackers that involves the use of six-digit codes sent to potential victims via the popular messaging app. The ministry said hackers could