NagaCorp said it intends to explore expansion in Siem Reap and Sihanoukville, but suggests the properties won’t necessarily include gaming.
In its latest results announcement, the operator of Nagaworld in Phnom Penh, said it wants to be perceived “as a more comprehensive and quality integrated resort developer with an emphasis on non-gaming as a source of revenue.”
“The company anticipates that non-gaming and gaming IRs can co-exist with each other in a mutually beneficial manner. It is the intention of the Group to explore viable and profitable IR development in the Siem Reap and Sihanoukville areas.”
The Cambodian government has been making efforts to clean up Sihanoukville after an influx of Chinese investment, mostly targeting online gambling, created environmental devastation. Industry sources in the town say they are seeing a gradual improvement.
The government has also said it will not permit casinos in Siem Reap province, which is home to the Angkor Wat temple complex.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.