Search Results for: nagacorp
NagaCorp announces passing of founder Chen Lip Keong
December 12, 2023
Chen Lip Keong, the founder and senior CEO of NagaCorp Ltd., passed away on Friday. The company said that illness was the cause of...
NagaCorp discloses holding sufficient funds for full repayment of 2024 Notes
October 27, 2023
According to NagaCorp, the operator of the casino in Cambodia, it has $404 million in a bank account, which, given its current rat...
Moody views NagaCorp loan of up to US$80 million as “credit positive”
October 24, 2023
Chen Lip Keong, the founder and primary shareholder of NagaCorp Ltd., offered an up to US$80 million loan, which Moody's Investors...
NagaCorp secures US$80 million loan from major shareholder
October 18, 2023
"Dr. Chen Lip Keong, the majority shareholder of NagaCorp, the company that runs the integrated resort NagaWorld in Cambodia, has ...
NagaCorp hopeful of satisfying financial commitments thanks to NagaWorld improvements
October 4, 2023
Since its cash resources have improved as a result of improving circumstances at NagaWorld, its integrated resort in Cambodia, Nag...
NagaCorp Cambodia unlikely to return to pre-COVID EBITDA levels
September 29, 2023
According to a Citigroup investment paper, NagaCorp of Cambodia is unlikely to return to pre-COVID EBITDA levels anytime soon, giv...
NagaCorp reaches 57% increase in profit in first half of the year; gathers USD 83M
July 21, 2023
The Hong Kong-listed gaming and leisure developer NagaCorp, Ltd.’s mass market gaming has pushed the company to a 57.5% increase...
Junket crackdown, slow COVID recovery creating credit risk for NagaCorp: Moody’s
October 13, 2022
Moody’s Investors Service has warned that Hong Kong-listed NagaCorp, operator of Cambodian integrated resort NagaWorld, faces si...
NagaCorp Chair Sees the End of Traditional Junkets, Even on the Global Stage
July 28, 2022
The future of junkets in their traditional form is in doubt. Once a major part of casino operations and their VIP segments, the ch...
Succession plan accelerates as NagaCorp founder names three sons as joint CEOs
April 6, 2022
NagaCorp founder Dr Chen Lip Keong appears to be accelerating the family succession plan after announcing a “re-designation” ...