Monday, July 15, 2024

Search Results

Moody’s raises NagaCorp outlook to stable due to liquidity improvement

The rating agency Moody’s has raised Cambodian gaming operator NagaCorp’s outlook from negative to stable, citing liquidity improvements.

NagaCorp uses most of $80M shareholder loan

Hong Kong-listed NagaCorp has almost fully used an $80-million shareholder loan received in October last year.

NagaCorp CEO reshuffle “surprising”: Expert

The recent dismissal of Cambodian gaming group NagaCorp's CEO – Finance and Treasury, Chen Cherchi, is "surprising" considering the scope of his previous executive responsibility and stake-hold in the group, gaming expert Daniel Li told AGB.

Son of NagaCorp’s late founder to leave executive positions

Hong Kong-listed NagaCorp has announced that Chen Cherchi, one of the sons of the group's late founder Chen Lip Keong, will stop serving as Chief Executive Officer - Finance and Treasury, and in any other executive position in the group, effective from May 16th.

NagaCorp’s GGR up 23.7% in 1Q24, VIP exceeds pre-COVID levels 

NagaCorp Ltd, the operator of NagaWorld, a casino resort monopoly in the Cambodian capital Phnom Penh, has announced that it recorded a 23.7 percent increase in gross gaming revenue (GGR) in the first quarter of this year compared to the same period last year, reaching over $145 million.

Daily Asia Gaming eBrief: NagaCorp in gradual recovery, Naga 3 scheduled for 2029

NagaCorp was hit hard by COVID, with the company still experiencing a gradual recovery, notes Chairman Timothy McNally. The group is working hard to restructure its finances to figure out the scope of Naga 3, which is likely to only open in 2029.
00:18:17

NagaCorp in gradual recovery phase: Timothy McNally

Despite 2023 falling slightly short of expectations, the Chairman of NagaCorp says that the company is in a gradual recovery after COVID. Both VIP and mass have returned and as the number of flights increases, so should foot fall.

NagaCorp’s GGR up 16 percent in FY23 to $515 million

NagaCorp has announced that it recorded a 15.5 percent increase in gross gaming revenue (GGR) in 2023, reaching over $515 million.

NagaCorp’s former founder’s family trust to remain majority stakeholder

The Sakai Trust, a family trust established by the recently deceased founder of NagaCorp, Chen Lip Keong, continues to hold directly and indirectly about 69.26 percent of the gaming group, the company announced recently.

NagaCorp confirms death of its founder Chen Lip Keong 

The Cambodian gaming tycoon and founder of NagaCorp, Chen Lip Keong, has passed away at the age of 75, as announced by the company.