NagaCity Walk forms as part of NagaCorp’s Naga 2 expansion project, featuring approximately 13,248 square metres of retail and public space. China Duty Free Group (CDFG), which already operates stores in Siem Reap and Sihanoukville has leased nearly all 4,000 square meters of the mall space from NagaWorld.It’s grand opening is scheduled for early 2017.
A proposed conversion of TSCLK Complex convertible bonds, owned by NagaCorp CEO Dr. Chen Lip Keong, would take his ownership to above 50 percent, up from his current 39 percent, said Union Gaming in a note on Monday. The TSCLK Complex (Naga 2) and NagaCity Walk was funded initially by Dr. Chen, at and agreed […]
Hong Kong-listed NagaCorp posted a 7 percent year-on-year increase in net profit for the full-year ended Dec. 31, 2016. According to a filing to the Hong Kong Stock Exchange on Wednesday, net profit for the year came in at US$184.2 million, attributed to “better cost control and the 2016 EGM Fee”. Revenue increased 5.5 percent […]
Cambodian casino operator NagaCorp Ltd has made a placing and subscription agreement to sell a total of 190 million shares to not less than six parties, according to its filing to the Hong Kong Stock Exchange on Thursday. The placing shares represent approximately 8.37 percent of the issued shares of the company, which it intends […]
Phnom Penh’s NagaCity Walk held its soft opening on Wednesday, with duty-free goods ranging from tobacco, perfumes, designer watches to cognac. According to the Phenom Post, the retail area was only 50 percent complete when the mall opened, with construction continuing on the other half. Employees were seen putting the final touches on displays and […]
The construction progress of Naga2 and the forthcoming opening of NagaCity Walk are positive signs for the Cambodia-based casino operator, says Union Gaming who recently conducted a site visit. “We expect continued strong volume trends in 2Q16 and have a decidedly positive outlook on 2H16 and beyond, including the forthcoming openings of NagaCity Walk and […]
Cambodia-based NagaCorp says it expects Cambodia to pass a gaming law in 2016 that will likely include a tax provision and possibly a gaming tax. According to Nagacorp chairman Timothy McNally,Cambodia is likely to approve and pass a gambling bill in Y16Q4. It is currently in drafting stage. The company said in its view any tax […]