{"id":777028546,"date":"2025-07-02T08:15:04","date_gmt":"2025-07-02T11:15:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777028546"},"modified":"2026-04-21T21:21:52","modified_gmt":"2026-04-22T00:21:52","slug":"timothy-patrick-mcnally-retires-as-nagacorp-chairman","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/timothy-patrick-mcnally-retires-as-nagacorp-chairman","title":{"rendered":"Timothy Patrick McNally retires as NagaCorp chairman"},"content":{"rendered":"\n

McNally has been replaced by Philip Lee Wai Tuck.<\/p>\n\n\n\n\n\n\n\n

Cambodia.- Timothy McNally has stepped down<\/a> 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.<\/p>\n\n\n\n

In a LinkedIn post, NagaCorp highlighted McNally\u2019s work: \u201cHis distinguished background, including nearly 25 years with the Federal Bureau of Investigation (FBI) has been an integral part of NagaCorp\u2019s journey.\u201d <\/p>\n\n\n\n

It added: \u201cFrom guiding NagaCorp through a historical listing on the HKEX to establishing strong corporate governance and compliance standards, Mr McNally\u2019s unwavering dedication and outstanding contributions over the years have been instrumental in driving NagaCorp\u2019s growth and success. We wish him a fulfilling retirement.\u201d<\/p>\n\n\n\n

McNally wrote: \u201cIt 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<\/strong>, founder and CEO, who gave me an opportunity to work with him and build a great company.\u201d<\/p>\n\n\n\n

\"\"
Philip Lee Wai Tuck (left) and Timothy McNally at the AGM.<\/figcaption><\/figure>\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. 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 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.<\/p>\n\n\n\n


<\/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> Jeju Dream Tower sees record casino revenue and visitor numbers<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

McNally has been replaced by Philip Lee Wai Tuck.<\/p>\n","protected":false},"author":226,"featured_media":777028552,"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 McNally has retired as Chairman of NagaCorp after over two decades, with Philip Lee Wai Tuck appointed as his successor. McNally was instrumental in NagaCorp's HKEX listing and establishing robust corporate governance. Concurrently, NagaCorp reported strong Q1 2024 financial results, with GGR up 17.7% to US$171m and NGR increasing by 20.6% to US$148.2m, driven by significant growth across Mass Market and Premium VIP segments.","focusai_entities":"NagaCorp, Timothy McNally, Philip Lee Wai Tuck, Federal Bureau of Investigation, HKEX, Tan Sri Dr Chen Lip Keong","focusai_location":"Cambodia, Hong Kong","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Leadership Transition Impact","query":"What strategic shifts or operational continuity can be anticipated under Philip Lee Wai Tuck's chairmanship, particularly concerning NagaCorp's regional expansion or capital allocation strategies?"},{"label":"Q1 Performance Drivers","query":"Beyond the reported GGR and NGR growth, what specific market conditions or operational efficiencies contributed to the significant increase in Premium VIP rollings and Mass Market table buy-ins for NagaCorp in Q1 2024?"}],"footnotes":""},"categories":[157,16333],"tags":[29,24619,225,2336],"class_list":["post-777028546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-casino","tag-finance","tag-legislation","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028546","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777028546"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028546\/revisions"}],"predecessor-version":[{"id":777028560,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028546\/revisions\/777028560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777028552"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777028546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777028546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777028546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}