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Volume 90 – No. 4

Phnom Penh’s NagaWorld Resort and Casino

Teri Shaffer Yamada
California State University, Long Beach, USA

Keywords: Cambodia, patronage, revenue farming, casinos, gambling, tourism, NagaWorld

DOI: 10.5509/2017904743

  • English Abstract
  • Chinese Abstract

NagaWorld, the only integrated resort and casino in Phnom Penh and touted as the first of its kind in Southeast Asia, currently holds a privileged position in Cambodia’s gaming industry: a unique government agreement for a seventy-year gaming license until 2065 and a casino monopoly agreement for Phnom Penh City until 2035. Its corporate management cleverly leveraged NagaWorld’s special status with the Royal Government of Cambodia (RGC) to facilitate stellar profits. This article analyzes the intersection of NagaWorld’s business history with the political economy of Cambodia from the 1990s. It argues that NagaWorld’s special relationship with politicians can be understood in terms of its status as a new form of “monopoly revenue farm” within Cambodia’s custom of patron clientism. Its viability as a business model for casino capitalism in other areas of Southeast Asia may be limited unless similar monopoly conditions can be replicated.

金边的金界度假村和赌场

关键词:柬埔寨,恩庇-侍从关系,包税制度,赌场,旅游业,金界

作为金边唯一的综合性度假村和赌场,并号称东南亚业内首家, 金界目前在柬埔寨博彩业拥有特殊的优越地位: 它拥有独一无二的政府协议,授予它2065年到期的70年博彩执照,以及有效至2035年的金边的赌场垄断权协议。 它在企业管理中精明地利用自己与柬埔寨王国政府的特殊身份来协助其产生可观的利润。本文分析了上世纪90年代起金界的商业史与柬埔寨政治经济的交集。本文提出金界与政治家的特殊关系可以通过金界在柬埔寨恩庇-侍从主义习俗中作为一种新形式的 “垄断型包税农场” 的地位加以理解。作为赌场资本主义的一种商业模式,它在东南亚其他地区的可行性可能会受到局限,除非类似的垄断条件也能在其他地方得到复制。

Translated from English by Li Guo

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An International Review of Asia and the Pacific

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