Monday, November 30, 2020

Tag: NagaWorld

NagaWorld celebrates “very positive” reopening

Cambodia NagaWorld Phnom Penh positive reopening
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.

Strong VIP drives 15 percent GGR growth at NagaWorld in Q1

NagaCorp gaming revenues
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.

Cambodian government extends NagaCorp’s Phnom Penh gaming monopoly

Nagacorp Phnom Penh
NagaCorp’s gaming monopoly in Phnom Penh will now run until the end of 2045, while analysts suggests the extension will offer the company a greater..

NagaWorld sees more than 20 percent in rise in GGR for first nine months 20

Cambodia NagaCorp GGR Financial results
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..

NagaCorp moving forwards with $3.5bn Naga 3 expansion in Phnom Penh

NagaCorp expansion in Phnom Penh
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..

Lucky for some: Cambodia’s new gambling bill

iGaming Times Cambodia
The Cambodian market is a game with two sets of rules: one for NagaWorld, and another for everybody else. Ben Lee, partner at Macau-based consultancy firm IGamiX, explains what provisions the country’s much-awaiting gaming bill is likely to make for these two classes of enterprise. Cambodia’s casino market is a feral world, where private people still barter for licences and...

NagaWorld expansion could open by Octoberas NagaCorp faces additional $16m tax bill

nagaworld
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...

Cambodia’s new casino regulation bill to be ready this year

Casino Review Cambodia
A bill to regulate the management of the casino industry in Cambodia should be approved this year, said Ros Phearun, an official from the country’s Ministry of Economy and Finance.   The Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators. According to reports, there are currently 65 casinos in operation...

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