Timothy Patrick McNally retires as NagaCorp chairman
McNally has been replaced by Philip Lee Wai Tuck.
Cambodia.- Timothy McNally has stepped down as chairman of the NagaCorp board after more than 20 years following the company’s 2025 Annual General Meeting on June 30. Philip Lee Wai Tuck has been appointed to the role.
In a LinkedIn post, NagaCorp highlighted McNally’s work: “His distinguished background, including nearly 25 years with the Federal Bureau of Investigation (FBI) has been an integral part of NagaCorp’s journey.”
It added: “From guiding NagaCorp through a historical listing on the HKEX to establishing strong corporate governance and compliance standards, Mr McNally’s unwavering dedication and outstanding contributions over the years have been instrumental in driving NagaCorp’s growth and success. We wish him a fulfilling retirement.”
McNally wrote: “It is I who extend my gratitude to all whom I have worked with at Naga Corp for the past 20 years. Thanks to all who have supported Naga over the years. My special thanks to the late Tan Sri Dr Chen Lip Keong, founder and CEO, who gave me an opportunity to work with him and build a great company.”
For the first quarter of the year, NagaCorp posted gross gaming revenue (GGR) of US$171m, up 17.7 per cent year-on-year. Net gaming revenue was US$148.2m, an increase of 20.6 per cent. Table buy-ins and slots bills-in for Mass Market Tables increased by 4.8 per cent to US$997m. GGR for this segment grew by 17.9 per cent from US$92.4m to US$109m.
Premium VIP Market rollings rose 72.6 per cent to US$2.01bn. Premium VIP GGR stood at US$42.86m, up 20.6 per cent. The VIP referral segment experienced an increase, with GGR rising by 11 per cent to US$19.28m.
