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Brokerage Union Gaming Securities LLC says it does not expect the recent precautionary shutdown of operations at Cambodian casino complex NagaWorld (pictured), due to Covid-19 infections, to be “anything like” the “multi-month closure” of that casino market seen last year.
“The quarantine period in Cambodia is two weeks, but we suspect it could take a little longer to reopen out of an abundance of caution,” said a Tuesday note from analyst John DeCree, referring to the Phnom Penh operation of Hong Kong-listed NagaCorp Ltd.
The casino group had said in a March 1 filing to the Hong Kong bourse, that business at NagaWorld had been “voluntarily” suspended after 11 employees tested positive for Covid-19 amid screening of 3,000 workers.
The draft of the roadmap is divided into three stages
including crisis management in the New Normal and tourism resilience and
restart for 2020-2021, post-pandemic recovery for 2022-2023, and preparation
for tourism rebound for 2024-2025.
The draft has been endorsed by the country’s National
Committee on Tourism Development, and has been supported by concerned ministries
and institutions.
According to the ministry, between January and October this
year, the number of international arrivals to Cambodia decreased unprecedentedly
by 76.1 percent compared to the same period last year, from over five million
to just above 1 million./. VNA