Tag: NagaCorp

NagaCorp has confirmed it is working on “fresh plans” for a non-gaming resort near the UNESCO World Heritage site Angkor Wat, in Siem Reap, Cambodia.

While Japan’s central government has confirmed it’s considering whether to push back the application process for one of the country’s first three integrated resort licences, the regional authorities in Nagasaki and Yokohama are moving forward with the administrative groundwork for their respective bids.

NagaWorld’s gross gaming revenue rose 15 percent year-on-year to $368.9m for the first three months of 2020, thanks to strong growth in the VIP segment.

While casinos in Siberia and the Russian Far East have temporarily closed amid the ongoing coronavirus pandemic, Tigre de Cristal in the Primorye gaming zone is still moving ahead with an expansion plans which will see the addition of further hotel rooms and a new Suncity VIP room.

The casino complex in the Cambodian capital Phnom Penh reported GGR of nearly $1.29bn in the first nine months of the year, while the property’s operator..

While NagaCorp is considering a Japan IR licence bid and is on track to open the first phase of its Russian casino resort Naga Vladivostok in Q2 2020..

NagaCorp’s plans for the $3.5bn third phase to its NagaWorld casino complex in Phnom Penh “are its most ambitious yet” explains Warwick Bartlett, CEO of..

NagaCorp has confirmed the cost of its Naga Three development in Phnom Penh will hit $3.5bn, partly funded by its own CEO Chen Lip Keong, providing an..

CJSC Shambala is planning to build a casino in the Primorye Integrated Entertainment Resort zone in the Russian Far East. The group currently operates Shambala Casino in Azov City, however this property will be forced to close in January 2019 following change in the law by the Russian Duma which is looking to reduce competition for the new gambling zone...

Hong Kong-listed casino operator NagaCorp is likely to open an extension to its flagship Cambodian casino in October, according to recent comments by Tim McNally, the company’s chairman.   The TSCLK Complex - also known as Naga2 - is attached to NagaWorld, a casino property located in the Cambodian capital, Phnom Penh. In a filing on 10 July, Naga Corp stated that...

A coalition effort between Melco International and the Hard Rock chain may become the sole vying candidate for Cyprus’ new IR licence – as the other parties continue to haggle with local landowners.   The bidding process to operate the sole casino licence up for grabs in the Republic of Cyprus may end up with only one viable candidate – after local media...

End-of-year financials from Hong Kong-based NagaCorp – owner and operator of Phnom Penh’s NagaWorld casino and hotel complex – are likely to show sustained, substantial growth, according to Japanese investment bank and brokerage Daiwa Securities. Daiwa representatives met with Naga management at the bank’s Consumer and Gaming Conference, which took place in Hong Kong last month. A follow-up note posted...