Hong Kong-listed Naga Corp reversed its losses from the first half year of 2021 with a net profit amounting to $52.7 million for the first half year of 2022. Sequential Growth in Results for Naga Corp for H12022 Increased foot traffic and overall business activities across all segments at Naga Corp’s integrated casino resort NagaWorld, […]
NagaCorp, the company that operates NagaWorld located in Phnom Penh, Cambodia, announced its unaudited financial results covering the period that ended March 31, 2022. NagaCorp on Its Way to Financial Rebound Last year, the company has seen difficulties mainly because of COVID-related closures. Due to the COVID-19 pandemic, NagaCorp had to temporarily suspend its operations […]
Cambodian authorities released eight of the trade union members detained in January and February this year after the country was condemned for human rights violations by the UN. Ending Repression against LRSU Activists The conflict between the Labour Rights Supported Union of Khmer Employees (LRSU) of NagaWorld and NagaCorp around the unlawful layoff of 365 […]
The ongoing NagaWorld casino workers protest in Cambodia has finally attracted the government’s attention, reported The Phnom Penh Post, stating the country’s Minister of Interior Sar Kheng decided to bring up the subject in a meeting with other government ministers. Government Officials to Discuss the Protests The Minister of Interior will host the meeting following […]
It has been 11 days since Russia invaded Ukraine, its democratic neighbor, in what the world has described as an unprovoked and illegal invasion. While Russia itself has denied that it’s waging war and has suspended all foreign media at home to keep its population in an informational blackout, businesses from around the globe have […]
NagaCorp, a beleaguered operator which posted $147 million in losses for its 2021 financial results this Wednesday, and has faced widespread protests in Cambodia against its decision to lay off close to 600 workers, is optimistic about the future of gaming in Asia now that junket operators are going to play a less impactful role […]
The continuing peaceful demonstrations of former NagaCorp employees in front of Naga World in Phnom Penh, Cambodia, prompted a response from the Ministry of Labour and Vocational Training, reported The Phnom Penh Post. Protests to Continue Marking a 10th consecutive day of protests, the people at the casino resort demanded a lawful solution to the […]
NagaCorp, the operator of NagaWorld casino resort in Cambodia, announced in a filing to the Hong Kong stock exchange that a planned share award program would be further delayed. Share Award Scheme Further Delayed NagaCorp stated in the Friday filing that, due to the prolonged global market disruption caused by the recent developments related to […]
Due to the ongoing pandemic and business closure, NagaCorp announced that some of its employees at Naga World Integrated Resort in Phnom Penh, Cambodia may be affected by pay cuts and layoffs. Naga World IR Employees May Be Affected by Pay Cuts, Layoffs Casino operator NagaCorp Ltd confirmed in a statement on Monday this week […]
Gaming in the Asian-Pacific region is on track to complete recovery from the material impact of the coronavirus outbreak last year, an unaudited 2021 first-quarter report released by NagaCorp revealed. Daily Volumes Indicate Return to Pre-Pandemic Levels The operator of the largest integrated resort (IR) in Cambodia, NagaWorld, announced the first 3 months of 2021 […]
