NagaCorp explained

NagaCorp Ltd. is a Hong Kong-listed hotel, gaming and leisure company. Its Cambodian property, NagaWorld, is the country's largest hotel and gaming resort,[1] and is Phnom Penh's only integrated hotel-casino entertainment complex. NagaCorp holds a 70-year casino licence in Cambodia which runs until 2065,[2] and has a monopoly within a 200km (100miles) radius of Phnom Penh (except the Cambodia-Vietnam border area, Bokor, Kirirom Mountains, and Sihanoukville) until 2045.[3] [4]

The Naga casino first opened on May 1, 1995 on a boat moored in the Mekong River in Phnom Penh.[5] [6] The casino moved to its current land-based facility in 2003.[7] NagaCorp held its initial public offering on the Hong Kong Stock Exchange in 2006, making it the first gaming-related company to trade on the exchange, and the first company with operations in Cambodia to become publicly traded.[8] [9] Junket operator SunCity Group have a VIP Club located on Level 23 of Naga2 hotel tower in Phnom Penh.[10]

The company is also developing a casino resort in Vladivostok, Russia.[11]

See also

Notes and References

  1. Web site: NagaCorp Makes Casino 'Holiday In Cambodia' No Joke. Forbes. 2016-03-29.
  2. Web site: GGRAsia – NagaCorp reassures investors over Cambodia licence. www.ggrasia.com. 2016-03-29.
  3. Web site: NagaCorp signs 10-year extension to Phnom Penh casino exclusivity agreement through 2045 . Inside Asian Gaming . 20 November 2019.
  4. Web site: NagaCorp gets casino exclusivity extended to 2045 . GGRAsia . 21 November 2019.
  5. News: Cambodia opens floating casino. UPI. Tricia Fitzgerald. May 1, 1995. 2018-05-26.
  6. News: NagaWorld celebrates 20 eventful years at the table. Phnom Penh Post. Charles Rollet. May 15, 2015. 2018-05-26.
  7. News: Naga Casino moves to riverfront complex. The Cambodia Daily. Kate Woodsome. September 26, 2003. 2018-05-26.
  8. News: NagaCorp raises HK$715m from IPO. South China Morning Post. October 13, 2006. 2018-05-26.
  9. Web site: NagaCorp Ltd.. NagaWorld. 2018-05-26.
  10. Web site: SunCity celebrates 1st anniversary of VIP premise at Naga2 . . 28 June 2019.
  11. Web site: NagaCorp open to new development opportunities: chairman . GGRAsia . 15 July 2019.