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

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Phnom Penh curfew starts today

    A two-week curfew from 8pm to 5am starts today in Phnom Penh, a day after a sub-decree detailing administrative measures to contain Covid-19 was issued by Prime Minister Hun Sen. “Travelling in Phnom Penh is temporally banned between 8pm and 5am,” said Phnom Penh governor

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Cambodia gears up for muted New Year festival

    The recent curfew and restrictions imposed in the capital and other Covid-19 hotspots were intended to break the chain of transmission, Ministry of Health spokeswoman Or Vandine said as municipal and provincial authorities issued new directives banning certain activities during the upcoming Khmer New Year

  • Culture ministry: Take Tuol Sleng photos down, or else

    The Ministry of Culture and Fine Arts has told Irish photographer Matt Loughrey to take down the photos of Khmer Rouge victims at Tuol Sleng Genocidal Museum which he allegedly colourised and altered to show them smiling. The ministry said Loughrey's work is unacceptable, affecting

  • Covid-19 vaccination now obligatory

    Prime Minister Hun Sen on April 11 issued a sub-decree making Covid-19 vaccination compulsory for individuals unless they have a medical certificate proving they have pre-existing health conditions that prevent them from doing so. «This applies to all members of the armed forces and civil servants