{"id":777026822,"date":"2025-05-23T09:54:40","date_gmt":"2025-05-23T12:54:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026822"},"modified":"2026-04-21T22:40:29","modified_gmt":"2026-04-22T01:40:29","slug":"timothy-patrick-mcnally-to-retire-as-nagacorp-chairman","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/timothy-patrick-mcnally-to-retire-as-nagacorp-chairman","title":{"rendered":"Timothy Patrick McNally to retire as NagaCorp chairman"},"content":{"rendered":"\n

McNally will retire on June 30.<\/p>\n\n\n\n\n\n\n\n

Cambodia.- Timothy Patrick McNally <\/strong>has notified the NagaCorp <\/strong>board of his intention to retire as a non-executive director, chairman of the board and chairman and member of the Anti-money Laundering (AML) Oversight Committee on June 30. McNally said he wants to spend more time with his family and focus on personal interests.<\/p>\n\n\n\n

Philip Lee Wai Tuck<\/strong>, NagaCorp’s current executive director and executive deputy chairman, will replace McNally as chairman of the board and the AML Oversight committee from July 1.<\/p>\n\n\n

\n
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Timothy Patrick McNally.<\/figcaption><\/figure>\n<\/div>\n\n\n

The company said: “McNally has confirmed that he has no disagreement with the board, and there is no matter relating to his retirement that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited or the shareholders of the company.<\/p>\n\n\n\n

“The board thanks Mr McNally for his dedication and the significant contributions he has made to the company during his tenure of office, and congratulates Mr Lee on his new role.”<\/p>\n\n\n\n

For the first quarter of the year, NagaCorp<\/a> posted gross gaming revenue (GGR) of US$171m, up 17.7 per cent year-on-year<\/a>. Net gaming revenue was US$148.2m, an increase of 20.6 per cent.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Premium VIP Market rollings rose 72.6 per cent to US$2.01bn. Premium VIP GGR <\/strong>stood at US$42.86m, up 20.6 per cent. The VIP referral segment <\/strong>experienced an increase, with GGR rising by 11 per cent to US$19.28m.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Wynn Resorts eyes Thai gambling market<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

McNally will retire on June 30.<\/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":"Timothy Patrick McNally will retire as Non-Executive Director, Chairman of the Board, and Chairman of the Anti-money Laundering (AML) Oversight Committee at NagaCorp on June 30, with Philip Lee Wai Tuck succeeding him. This leadership transition occurs as NagaCorp reports robust Q1 2024 financial performance, including a 17.7% year-on-year increase in Gross Gaming Revenue (GGR) to US$171m and a 20.6% rise in Net Gaming Revenue (NGR) to US$148.2m, driven by growth across Mass Market and Premium VIP segments.","focusai_entities":"Timothy Patrick McNally, NagaCorp, Philip Lee Wai Tuck, The Stock Exchange of Hong Kong Limited, Wynn Resorts","focusai_location":"Cambodia, Hong Kong, Thailand","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Leadership Transition Impact?","query":"What is the strategic impact of this leadership transition on NagaCorp's long-term market positioning and operational strategy, particularly concerning its gaming verticals?"},{"label":"AML Governance Evolution?","query":"How will the new AML Oversight Committee chairman influence NagaCorp's regulatory compliance posture and governance frameworks, especially in the context of evolving global AML standards?"}],"footnotes":""},"categories":[157,16333],"tags":[30,29,2336],"class_list":["post-777026822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-cambodia","tag-casino","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026822","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=777026822"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026822\/revisions"}],"predecessor-version":[{"id":777026843,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026822\/revisions\/777026843"}],"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=777026822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}