NagaCorp reassures investors over Cambodia licence

7 October 2014
GGRAsia
Economy and commerce / Industries / Investment / Tourism
Ariston Sdn Bhd / Bassaka Air / Chinese aid / CIMB Research Pte Ltd / Hong Kong Stock Exchange / Hun Sen / Naga2 / NagaCorp Ltd. / NagaWorld / Political and Economic Risk Consultancy Ltd / Tim McNally

Cambodian casino operator NagaCorp Ltd has taken the step of reassuring investors about its casino licence rights in the country. …

It stated that the deal includes an exclusive right to operate a casino (NagaWorld, pictured) in the capital Phnom Penh, and the area within a radius of 200 kilometres (124 miles) of the city, “except the Cambodia-Vietnam border area, Bokor, Kirirom Mountains and Sihanoukville”. The company added that the exclusivity right lasts until the end of 2035.

NagaCorp said it was issuing the filing because it had “noted, whether with an intention to cause trouble or not, some questions on the company’s exclusivity rights”. …

 GGRAsia News Staff
http://www.ggrasia.com/nagacorp-reassures-investors-over-cambodia-licence/