{"id":777005950,"date":"2023-06-05T09:13:04","date_gmt":"2023-06-05T12:13:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777005950"},"modified":"2026-04-22T21:18:08","modified_gmt":"2026-04-23T00:18:08","slug":"nagacorp-pushes-naga-3-casino-project-back-to-2029","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-pushes-naga-3-casino-project-back-to-2029","title":{"rendered":"NagaCorp pushes Naga 3 casino project back to 2029"},"content":{"rendered":"\n<p>NagaCorp has pushed back the completion of its next NagaWorld phase due to the &#8220;external geopolitical macroeconomic environment&#8221;.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.-\u00a0<strong>NagaCorp<\/strong>\u00a0has announced that it will push back its\u00a0<strong>Naga 3 project\u00a0<\/strong>in Phnom Penh by four years to 2029. The company said it is exploring alternative options in light of external economic challenges and global inflationary pressures.<\/p>\n\n\n\n<p>According to a filing with the Hong Kong Stock Exchange, NagaCorp needs to carefully\u00a0consider possibilities to align revenue generation with capital expenditure on the development. One of the options being contemplated involves resizing the project.<\/p>\n\n\n\n<p>The company&#8217;s unit and the project contractor has entered into a supplemental agreement to extend the completion date of the design and build agreement, now aiming for a target date no later than September 30, 2029. The project was originally scheduled to open in September 2025.<\/p>\n\n\n\n<p>Naga 3, initially estimated to cost US$3.5bn, was expected to be a significant addition to NagaWorld. It is expected that the combined NagaWorld complex (Naga 1, Naga 2 and Naga 3) will have approximately 5,000 hotel rooms, 1,300 gaming tables, 4,500 EGMs and many non-gaming attractions.<\/p>\n\n\n\n<p>In April,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/nagacorp-ggr-up-6-8-in-q1\" rel=\"noreferrer noopener\">NagaCorp<\/a>&nbsp;posted gross gaming revenue (GGR) of&nbsp;<strong>US$117m<\/strong>, up 6.8 per cent for the first three months of the year. EBITDA for the quarter fell by 3.3 per cent annually to US$59.02m.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NagaCorp has pushed back the completion of its next NagaWorld phase due to the &#8220;external geopolitical macroeconomic environment&#8221;.<\/p>\n","protected":false},"author":176,"featured_media":25662,"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 announced a four-year delay for its Naga 3 integrated resort project in Phnom Penh, pushing the completion to 2029 due to the \"external geopolitical macroeconomic environment\" and global inflationary pressures. The company is exploring options to align revenue generation with capital expenditure, including potential project resizing. This postponement impacts a significant US$3.5bn expansion designed to substantially increase NagaWorld's gaming and non-gaming capacity.","focusai_entities":"NagaCorp","focusai_location":"Cambodia, Phnom Penh, Hong Kong","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Naga 3 Project Resizing?","query":"What specific components of the Naga 3 project are being considered for resizing, and what is the projected impact on the overall US$3.5bn capital expenditure?"},{"label":"Macroeconomic Impact Analysis?","query":"How does the 'external geopolitical macroeconomic environment' specifically impact NagaCorp's revenue generation capabilities and its ability to fund the Naga 3 expansion?"}],"footnotes":""},"categories":[157,158,16333],"tags":[23632,2336],"class_list":["post-777005950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-integrated-resorts","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005950","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777005950"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005950\/revisions"}],"predecessor-version":[{"id":777005976,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005950\/revisions\/777005976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25662"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}