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

  • 12th Cambodia int’l film festival to see return of Hollywood star

    Phnom Penh is set to come alive with the magic of cinema as the highly anticipated 12th Cambodia International Film Festival (CIFF) takes centre stage. Boasting an impressive line-up of 188 films from 23 countries, including captivating shorts, feature films, documentaries and animation, the festival promises an

  • Bareknuckle champion wants Kun Khmer fighter

    Dave Leduc, who is the current openweight Lethwei boxing champion in Myanmar, has announced that he will travel to Cambodia this year to challenge SEA Games gold medallist Prum Samnang any time that is convenient, after their planned match later this month in Slovakia was

  • Brawl marrs football final as Indonesian take gold in seven goal thriller

    The Indonesian men's U22 men national football team were crowned champions of the 32nd SEA Games in Cambodia, defeating Thailand 5-2 in extra time on May 16 at Olympic National Stadium in Phnom Penh. The match was marred by an ugly incident that occured in the 91

  • Fresh Covid warnings as Thai hospital fills

    A senior health official reminds the public to remain vigilant, as neighbouring countries experience an increase in Covid-19 cases, with the latest surge appearing to be a result of the Omicron XBB.1.5 sub-variant. Or Vandine, secretary of state and spokeswoman for the Ministry of Health,

  • 1.4 billion dollar Phnom Penh-Bavet expressway due in four years

    The Government, through the Ministry of Public Works and Transport, has officially signed a public-private partnership agreement with a private company for the construction of a Phnom Penh-Bavet Expressway project that will connect the capital to Svay Rieng province. The budget for the project is

  • New Law on Taxation comes into effect

    Cambodia has enacted the eagerly-awaited new Law on Taxation, which aims to improve the national tax regime’s compliance with present and future international standards and economic conditions; encourage accountability, effectiveness and transparency in the collection process; and promote investment in the Kingdom. King Norodom