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NagaCorp Ltd

One of the investors of the Primorye gambling zone near Vladivostok, the Malaysian company NagaCorp Ltd, will start the construction of its first project this November, the administration of the region says.

14 October 2016
http://riarealty.ru/

Cambodian investors that are already set to inject some $350m into the gambling zone in the Primorsky Krai (Maritime Territory) are weighing the benefits of increasing the figure, General Director of a major Cambodian gaming operator Naga Corporation Ltd. Chen Lip Keong said.

“We plan to invest roughly $350m and are considering the idea of investing even more. I can see great opportunities opening up in developing the gaming zone,” Chen Lip Keong stated in his address to the Eastern Economic Forum.

“Your currency is going through hard times, and it is a good thing for us as investors, since investing becomes easier. A further factor is the efficient practical program which is being carried out now permitting us to launch our projects as soon as possible,” the businessman observed.

The Cambodian investor cited several reasons encouraging Naga Corporation Ltd to invest into the gambling zone in the Primorsky region. Firstly, it has to do with the ‘strategic position’ in Russia’s Far East close to such industrially developed countries as Japan, North and South Korea and China “with a total population of over 280 million people.”

“You are also a European city located in Asia, and I think all Asians would like to visit a European city so close them. Furthermore, the rouble is cheap right now, which will urge more tourists to come and visit,” the businessman said.

02 September 2015
PRIME
Investor
350.0 mln
Primorsky Krai

Investor profile

NagaCorp Ltd

Cambodia

Company's website: www.nagacorp.com

T: +855.2.322 8822

Public company

E-mail: enquiries@nagaworld.com

Contact: Mr. Philip Lee Wai Tuck, Executive Director

NagaCorp Ltd. is a leader in the entertainment and recreation industry and since 1995 has owned and managed Cambodia’s largest integrated gaming complex NagaWorld, the first entertainment center in Indochina to offer world-class services.

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