two-day strike<\/a><\/em><\/strong>, Nagacorp has accepted employee demands with the 3,000 workers no back at work. The country\u2019s largest casino company NagaWorld followed the management\u2019s decision to raise wages and reinstate the union leader Chhim Sithar.<\/p>\n\n\n\nThe company has agreed to increase wage levels between 18% and 30%, which workers have been calling for since September when Chhim Sithar was suspended. His reinstatement comes as a surprise after the company said in a statement on Friday that \u201cthe group expects to continue to suspend Ms Chhim Sithar, but with full pay, pending further investigations and analysis.\u201d <\/p>\n\n\n\n
Last week, NagaCorp described its employee wages and fringe benefits program as \u201cone of the best and if not the highest in Cambodia\u201d and accused union leaders of failing to engage in amicable discussions after workers rallied outside the company\u2019s NagaWorld complex in Phnom Penh. Although employees have now returned to work, the company has not released an official statement regarding the strike.<\/p>\n\n\n\n
NagaCorp recorded a gross gaming revenue (GGR) of \u20ac1.2 billion in the first nine months of 2019 representing an increase of 20.2% over the same period last year. It has also begun constructing Naga 3, which is three times larger than Naga 1 and Naga 2 combined, with a budget of \u20ac3.2 billion. It is set to open in 2025.
<\/p>\n","protected":false},"excerpt":{"rendered":"
The company has agreed to increase wages between 18% and 30% and to reinstatement union president Chhim Sithar.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Nagacorp has successfully resolved a two-day employee strike at its NagaWorld complex in Cambodia, agreeing to wage increases between 18% and 30% and reinstating union president Chhim Sithar. This resolution, following initial management resistance, ensures the return of 3,000 workers and allows the company to continue its operations and significant capital expenditure projects, including the Naga 3 expansion.","focusai_entities":"Nagacorp, NagaWorld, Chhim Sithar","focusai_location":"Cambodia, Phnom Penh","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"NagaCorp OpEx Impact?","query":"What is the projected impact of the 18-30% wage increase on NagaCorp's operational expenditure (OpEx) and EBITDA margins for the upcoming fiscal periods, considering the scale of its workforce?"},{"label":"Naga 3 Development Risk?","query":"How might the recent labor dispute and subsequent wage agreements influence the timeline and budget adherence for the Naga 3 development, particularly regarding potential future labor relations or construction costs?"}],"footnotes":""},"categories":[160,28,16333],"tags":[30,2336],"class_list":["post-2247","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-south-east-asia-news","tag-cambodia","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2247"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2247\/revisions"}],"predecessor-version":[{"id":21283,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2247\/revisions\/21283"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}