Tag Archives: NagaCorp
- NagaCorp VIP turnover surges two-thirds in year-to-date
October 3, 2017
Cambodian casino operator NagaCorp has enjoyed a more than two-thirds rise in its VIP gambling business over the first nine months of 2017. NagaCorp filed papers with the Hong Kong Stock Exchange on Tuesday showing unaudited VIP gambling turnover at its flagship NagaWorld property in Cambodia’s capital Phnom Penh rising...
- No bidders yet for Primorye gaming zone land auction
September 25, 2017
Russia’s far east gaming zone outside Vladivostok appears to be having difficulty attracting bids on its undeveloped land plots. In late August, the state-owned Development Corporation of the Primorsky Territory announced that it was extending the August 28 deadline for companies to submit applications to participate in the auction of...
- Political stability in Cambodia serves as NagaCorp’s buoy in H1
August 22, 2017
The good times rolled in Hong Kong-listed casino operator NagaCorp Ltd. in the first half of 2017, thanks to a stable political climate in Cambodia. NagaCorp Chairman Timothy McNally stated in the company’s interim report dated August 18 that the 20.3 percent net profit growth in the January to June...
- 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...
Russian betting industry icon Oleg Zhuravsky dies suddenly
March 17, 2017
Russia blocks Google over online gambling redirect
June 23, 2017
Marathon launch Russian-licensed sports betting site
July 21, 2017
Lawrence Ho unloads $21.3M shares in Summit Ascent
September 15, 2017