News
NagaCorp Holds Ground Breaking Ceremony for Naga2 Development
NagaCorp Ltd. (“NagaCorp” or the “Company”, SEHK stock code: 3918), the largest hotel, gaming and leisure operator in Cambodia, held the official ground breaking ceremony yesterday for Naga2, a large-scale mixed-use expansion that will be completed by 2015. Situated 200 meters from the existing NagaWorld, ...
Casino-Funded Election Committee Office Breaks Ground
The National Election Committee (NEC) broke ground yesterday on a $12-million tower being funded by the casino company NagaCorp that is set to take more than two years to complete and has drawn concern from election groups. At a ceremony that took place on National Assembly ...
Monitors Question Casino Building New Election Body Office
Election monitoring groups are questioning the National Election Committee (NEC) recent decision to let a Phnom Penh casino fund its new multi-million dollar headquarters, a move they said would cast further doubt on the body’s independence. NagaCorp, the owner of Phnom Penh’s only licensed casino, NagaWorld, ...
NagaWorld Profits Jump in First Half of 2012
Net profits at NagaCorp Ltd., owners of Phnom Penh’s only licensed casino, jumped 38 percent to reach $52.4 million in the first half of 2012 compared to the same period last year, the company said in its most recent financial report. The casino generated a total ...
NagaCorp to Construct New Election Committee Building
Phnom Penh’s only licensed casino, NagaWorld, has agreed to build a brand-new 15-story tower for the National Election Committee (NEC) as part of its plans to invest $369 million in expanding its current operations over the next three years, an official at the casino said ...
Slice of New Casino Lottery to Fund Red Cross
NagaCorp, the owner of Phnom Penh’s only licensed casino, launched the sale of tickets for a new national lottery on Friday with the inaugural draw to take place on July 12 and a top prize of $218,000. In a statement, NagaCorp said 30 percent of net ...
Officials to Grace NagaWorld’s Opening of First Vietnam Office
NagaWorld casino is set to inaugurate its first office in Vietnam on Saturday with high-ranking Cambodian officials set to attend. The casino’s owner, NagaCorp, has announced plans to draw more customers from Vietnam, though Hem Sopheak, a senior media executive for the casino, said all details ...
Cambodia Bets Casinos Can Boost Tourism
Cambodian developers are betting that casinos can make the tiny Southeast Asian country a bigger draw for high-spending tourists. The nation of 15 million people has more than 25 casinos, but most are small affairs in rough-and-tumble border towns that cater to hard-core Thai, Chinese and ...
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