In April, the company announced that its founder, Lord Nagakov, would pay half of $3.5 billion, excluding land costs, during the Naga3 expansion at the Naga World Complex Casino Resort in the Cambodian capital.
The Naga 3 expansion will have a total floor area of 544,801 square meters (5.86 million square feet). Naga 3 will showcase both bulk and VIP games, adding a total of 4,720 hotel rooms to the Naga World Complex.
Earlier in April, Nagakov said it expected to invest between $3.8 billion and $4 billion in Naga 3.
Naga Corp has a 70-year license to land casino games valid until 2065 for activities within a 200-km (124-mile) radius of the Cambodian capital and a 41-year gaming monopoly ending in 2035. The company is developing a second casino resort in Vladivostok, Russia.
Nagakov's chairman, Tim McNally, recently told GGRAsia that the Hong Kong-listed casino operator is "in a position to look at" if the new development opportunities are attractive enough.
Mr McNally also said Naga 3's financing plan showed "a lot of confidence and commitment from Dr Chen" in both the company and its growth potential.
BY: 무료 슬롯
