Tag Archives: NagaCorp
- Cambodia places $16.6M additional tax burden on NagaCorp’s shoulders
July 14, 2017
The Cambodian government has handed the country's top casino operator NagaCorp an additional $16.6 million tax bill on its non-gaming operations. According to the Phonm Penhn Post, the Cambodian government came up with the hefty tax burden after it conducted its first-ever audit of the iconic Phnom Penh hotel and...
- Hot VIP market fuels NagaCorp 2017 H1 profit
July 11, 2017
Net profit of Cambodian casino operator NagaCorp Ltd. jumped 20.3 percent in the first half of 2017, thanks to a sizzling hot VIP market. In a disclosure to the Hong Kong Stock Exchange, NagaCorp announced that it posted a $150.6 million net profit in the first six months of the...
- NagaCorp rebrands Primorye casino as Naga Vladivostok
July 7, 2017
Cambodian casino operator NagaCorp has once again rebranded its resort casino project in Russia’s far east Primorye region. NagaCorp’s Primorye casino project began life as Naga Entertainment City, then switched to Mayak (Russian for ‘lighthouse’ or ‘beacon’). On Friday, Russia’s Interfax news agency quoted Andrew Folomeev, general director of the...
- NagaCorp VIP roll climbs 34% in first quarter of 2017
April 3, 2017
Hong Kong-listed casino operator NagaCorp has printed big number for the first quarter of 2017, including VIP operations, which saw a 34 percent year-on-year growth in the first three months of the year. The company’s unaudited highlights published on Monday showed that VIP rolling chip volume reached US$3.73 billion for...
- Jimei junket loses big in 2016, scraps NagaWorld deal
March 30, 2017
Junket investor Jimei International Entertainment Group booked a significant loss in 2016 despite recording a slight revenue increase. In a filing with the Hong Kong Stock Exchange on Wednesday, Jimei said it booked a net loss of nearly HKD 51m (US $6.5m) in 2016 despite gaming revenue rising 8% to...
- Bond exercise gives CEO Chen full control of NagaCorp
March 28, 2017
NagaCorp Ltd. chief executive Chen Lip Keong gains full control of the Cambodia-based casino firm after a bond exercise. In a regulatory filing on Tuesday, the Hong Kong-listed firm announced the exercise of a set of conversion rights regarding a group of convertible bonds. Chen, who is the largest shareholder...
Newest Cambodian casino was NOT built in Thailand nat’l park
March 21, 2017
New Cambodia border casino sparks trade war with Thailand
April 19, 2017