Nagacorp Ltd
HKG:3918 ISIN:KYG6382M1096
Established in 1995, NagaCorp manages and operates the only licensed casino in Phnom Penh, the capital city of the Kingdom of Cambodia. It owns a casino license valid for 70 years from 1995 up to 2065, and exclusive gaming operational rights within a 200km radius of Phnom Penh (save Cambodia–Vietnam border area, Bokor, Kirirom Mountains and Sihanoukville) for a period of around 41 years between 1995 and 2035. Its flagship project, NagaWorld is an international hotel-casino complex, a first-of-its-kind in Phnom Penh, containing 8-storey entertainment wing and a 14-storey hotel wing with a total built up area of approximately 110,768 sq.m.
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NagaCorp Ltd.'s (HKG:3918)(PINK:NGCRF) NagaWorld Casino Resort in Cambodia might see its opportunity after the declining gaming revenue and "Disappeared" gaming crowd in Macau, which is hammered by a slower Chinese economy, the credit crunch and China's visa restriction.
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