Right to the Source is back after a week’s break and Ed Birkin of H2 Gambling Capital has been saving up some rants for this episode, but we start looking at the Cambodian casino market.
After Cambodian online gambling was outlawed in 2019, the country’s casino market was the only show in town. But Covid-19 and a crackdown on junkets has effectively left operators struggling to return to pre-pandemic revenue levels.
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That even affects NagaCorp, Cambodian gaming’s local listed giant with a monopoly on casinos in and within 200km of the country’s capital Phnom Penh. Even with Naga 3, a hotel tower under construction, without VIP play it’s going to find growth difficult.
We’ve got this, we’ve got Ed ranting about data, and we even find time for some cheap shots at Manchester United.
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