NagaCorp unveils Naga2 details

nagacorp naga 2

Credits: KWA Consult Sdn Bhd

The operator revealed that the upcoming gambling floor in Cambodia will double its capacity.

Hong Kong.- NagaCorp announced in Hong Kong on Tuesday that the Naga2 complex set to open in Phnom Penh, Cambodia, in October, will double its gaming capacity, as the company is focusing on a rise in high-roller betting.

As Nikkei Asian Review reported, the facility is set to feature 2500 gambling machines, 100 VIP tables, as well as more than 200 public tables. Moreover, the announced new capacity could be finished in 6 to 12 months. Philip Lee, chief financial officer of NagaCorp, said: “We are pushing hard to bring in new business.” The current venue has 1660 machines and 239 tables. Back in March, the national government reported that tax revenues generated by the gaming industry in 2016 reported a growth of 40 percent due to improved policies on control and regulation over casino and betting operations. The results were obtained from the operation of 77 authorised casinos.

The Cambodian government also established further agreements with major casino company in the country, NagaCorp, which helped boost tax payments. “Now, we have got more from NagaWorld since they complied with our requirement to pay on non-gaming revenue,” explained in March Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department.