News

NagaWorld’s dispute meetings in stalemate after ninth round talks

The ninth meeting between NagaWorld and worker representatives has ended in a stalemate, with both sides failing to reach a compromise, according to the Ministry of Labour and Vocational Training. ...

Lay Samean
https://www.phnompenhpost.com/national/nagaworlds-dispute-meetings-stalemate-after-ninth-round-talks

Sar Kheng set to lead NagaWorld mediation meeting

Minister of Interior Sar Kheng is slated to lead a meeting with ministers and authorities to seek a solution for the ongoing labour dispute between the NagaWorld integrated resort and former staff who have since mid-December been protesting the termination of hundreds of their coworkers. ...

Lay Samean
https://www.phnompenhpost.com/national/sar-kheng-set-lead-nagaworld-mediation-meeting

24 more former NagaWorld protesters diagnosed with COVID

From February 19-20, 2022, the results of samples of 24 more NagaWorld protesters were found to be positive for COVID-19, while some involved have not submitted themselves for the 2nd test. ...

Khmer Times Staff
https://www.khmertimeskh.com/501028433/24-more-former-nagaworld-protesters-diagnosed-with-covid/

NagaCorp Ltd unveils Naga 3

NAGACORP Ltd, which owns Phnom Penh’s only licensed casino NagaWorld, announced its $4 billion Naga 3 Project on the site of the former “White Building” in Tonle Bassac commune, a 29-page document filed with the Stock Exchange of Hong Kong Limited said. The company’s announcement ...

Sorn Sarath and Hin Pisei
https://www.phnompenhpost.com/business/nagacorp-ltd-unveils-naga-3

VIPs roll into capital’s casino

Nagacorp Ltd, the Hong Kong-listed operator of Cambodia’s NagaWorld casino and hotel complex, posted $3.73 billion in VIP rolling chip volume during the first quarter of 2017, a 34 percent year-on-year increase, while mass market buy-ins and electronic gaming machine (EGM) growth remained steady, the ...

Kali Kotoski
http://www.phnompenhpost.com/business/vips-roll-capitals-casino

Casino tax revenue rises

The government collected $48 million from the casino industry last year, a rise of about 40 per cent compared with 2015. Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department, said that along with an effort by the government to improve tax revenue, ...

May Kunmakara
http://www.khmertimeskh.com/news/36411/casino-tax-revenue-rises/

Modest growth for NagaWorld

NagaWorld, a subsidiary of Hong Kong-listed NagaCorp, recorded a modest four percent increase in gross gaming revenue (GGR) last year, bringing the figure up to $500.8 million.   ...

May Kunmakara
http://www.khmertimeskh.com/news/35315/modest-growth-for-nagaworld/

Nagaworld reaches tax deal

NagaWorld, a subsidiary of a Hong Kong-listed NagaCorp, reached a deal with the Ministry of Economy and Finance to pay a new tax rate on their non-gaming operations, said a ministry official. ...

May Kunmakara
http://www.khmertimeskh.com/news/29693/nagaworld-reaches-tax-deal/

NagaCity Walk gives capital a taste of duty-free shopping

The NagaCity Walk, a $94 million subterranean shopping centre in Phnom Penh aimed at high-rolling tourists visiting the adjacent NagaWorld casino and hotel complex, held its soft opening yesterday, with duty-free luxury goods ranging from affordable tobacco, perfumes and designer watches to a $3,400 bottle ...

Kali Kotoski
http://www.phnompenhpost.com/business/nagacity-walk-gives-capital-taste-duty-free-shopping

Big investments can succeed in Cambodia - Nagaworld

NagaWorld has just celebrated its 21st anniversary since its inception on May 1, 1995, and sited near the beautiful Mekong River in the capital city of Phnom Penh, NagaWorld is the biggest integrated entertainment resort in the Mekong region. ...

Khmer Time Team
http://www.khmertimeskh.com/news/25642/big--investments-can-succeed--in-cambodia---nagaworld/

Casino operator’s winning streak continues

Nagacorp Ltd, the Cayman Islands-registered operator of Cambodia’s NagaWorld casino and hotel complex, recorded $153.8 million in gross gaming revenue during the first quarter of 2016, a 35 per cent increase over the same period last year. ...

Cam McGrath
http://www.phnompenhpost.com/business/casino-operators-winning-streak-continues

Local expert claims illegal construction linked to corruption

A local expert has said that with the absence of a master plan for Phnom Penh or a comprehensive construction code, collusion with corrupt officials has led to illegal construction in the city.This claim was solidified last week when the government warned that it would ...

Siv Meng
http://www.phnompenhpost.com/real-estate/local-expert-claims-illegal-construction-linked-corruption

Prime minister warns ‘bad officials’ over building violations

Days after City Hall ordered NagaWorld casino to halt its expansion because it was damaging Phnom Penh’s beauty, Prime Minister Hun Sen on Sunday warned “bad officials” to stop allowing construction projects to damage the country’s aesthetic allure. ...

Kang Sothear
https://www.cambodiadaily.com/news/prime-minister-warns-bad-officials-over-building-violations-99703/

Nagaworld expansion suspended

The controversial expansion of NagaWorld casino in Phnom Penh has been temporarily halted after an inspection of the construction site led Prime Minister Hun Sen to judge that it was interfering with the city’s beauty, according to City Hall. ...

Sek Odom
https://www.cambodiadaily.com/news/nagaworld-expansion-suspended-99673/

NagaWorld sees revenue jump 42% in first half

Cambodia’s largest casino NagaWorld’s gross gaming revenue (GGR) grew for the first semester this year by 42 per cent to $255.4 million, compared to the $180.3 million reported for the same period in 2014. ...

Ayanna Runcie
http://www.phnompenhpost.com/business/nagaworld-sees-revenue-jump-42-first-half

NagaWorld sees year-on-year boost in VIP revenues

Phnom Penh casino NagaWorld has announced that gross gaming revenue (GGR) rose 48 per cent year-on-year for the first quarter of 2015, largely on the back of returns from VIP clients. Nagacorp, the Hong Kong stock exchange-listed parent of NagaWorld, said in an unaudited report released ...

Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-sees-year-year-boost-vip-revenues

Cambodian casinos look to win from China anti-graft crackdown

Cambodia has long drawn tourists to sights ranging from the Khmer Rouge killing fields to the magnificent temples of Angkor. Now the country is looking to a new market: Chinese gamblers who are deserting Macau, the region’s traditional casino hub. ...

Michael Peel
http://www.ft.com/intl/cms/s/0/53452978-bd9f-11e4-9d09-00144feab7de.html#axzz3TT6Cb1E2

NagaWorld posts $136M profit

On the back of a quest for high-rolling Chinese clients, NagaWorld’s gross gaming revenue soared 17 per cent in 2014, although profits were slightly down due to rising costs and lower profit margins from VIP customers. Gross gaming revenue clocked in at $381.4 million for 2014, ...

Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-posts-136m-profit

EGA posts drop in Q3 gaming revenue

Entertainment Gaming Asia (EGA), a subsidiary of Macau-based gaming giant Melco, posted year-on-year losses at the end of the third quarter on the back of poor player numbers at the company’s NagaWorld operations. ...

Eddie Morton
http://phnompenhpost.com/business/ega-posts-drop-q3-gaming-revenue

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