NagaCorp Mulls Investing in Integrated Resorts in Siem Reap and Sihanoukville

• 1 September 2020
• Local News
• 3926 Views

Large-scale Cambodian casino monopoly firm NagaCorp is considering investing in Integrated Resorts (IR) in Siem Reap and Sihanoukville, to expand its business and generate new non-gambling revenue, according to its 2020 interim report.

Released on 27 August, the report states the intention of the group to explore viable, profitable and mutually beneficial IR developments in the Siem Reap and Sihanoukville areas.

Despite the COVID-19 crisis, NagaCorp has been performing well after re-opening on 08 July. For the first half of 2020, the company earned gross gaming revenue of US$372 million with a net profit of US$20.6 million.

The firm will continue developing Naga 3, expected to be completed by 2025, which expected to at least double the company’s capabilities.

The report also stated that the combination of 3 NagaWorld projects which are Naga 1, Naga 2 and Naga 3 will enable a total of 5,000 hotel rooms, 1,300 gaming tables and 4,500 electronic gaming machines and other non-gaming attractions.

• Investment and Funding
• Tourism and Travelling