Naga casino to buy aircrafts to fly Chinese gamblers to Phnom Penh

19 February 2014
The Cambodia Herald
Economy and commerce / Investment / Tourism
Angkor Wat / Chinese aid / Hong Kong / Macau / NagaCorp Ltd / Philip Lee Wai Tuck / Timothy McNally

Cambodian casino operator, Hong Kong-listed NagaCorp, is trying to reach deals in order to fly gamblers from Macau and mainland China to its gaming resort in Phnom Penh, according to media reports. ... Hong Kong media quoted NagaCorp chief financial officer, Philip Lee Wai Tuck, as saying the company is also going to invest around US$45 million in airport facilities in Phnom Penh. According to the reports, Mr Lee said an aircraft that is 10 or 15 years old can around US$10 million to purchase outright. Mr Tuck was also quoted saying that the company has the capital needed and needs no financing through share placement. Currently, the company is working on getting approvals with the respective authorities in both Macau and Cambodia.

 The Cambodia Herald News Staff
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