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Naga2 likely to open in October

Sum Manet / Khmer Times Share:
Naga2 is close to completion

The TSCLK Complex also known as “Naga2″, which is attached to NagaWorld, a casino property located in Phnom Penh, is likely to open its doors in October.

According to GGRAsia report, the Hong Kong-listed casino operator NagaCorp Ltd. is likely to open an extension to its flagship Cambodian casino in October.

Naga2 will be connected to NagaCorp’s existing NagaWorld casino resort via an underground shopping mall called NagaCity Walk. NagaCity Walk opened last August.

Naga2 will feature gaming facilities with a capacity for up to 300 tables and 500 slot machines, according to NagaCorp’s website. It will also include 38 VIP rooms. The property will offer additional accommodation capacity.

“I anticipate the Naga2 opening will be in October,” Tim McNally, NagaCorp’s chairman, told GGRAsia.

NagaCorp stated on Monday that the property was undergoing a fit-out and was expected to be operational in the fourth quarter of 2017.

“The group believes that the opening of Naga2 with a provision for ancillary entertainment facilities will enhance NagaWorld’s appeal to both the mass market and VIP market across the region.

This will further cement NagaWorld as the entertainment centre in the Mekong region,” NagaCorp said in its media release.

According to Grant Govertsen, an analyst at Union Gaming Securities Asia Ltd., Naga2’s 850 new hotel rooms will enable “the company to embark on a wholesale refresh of NagaWorld’s hotel rooms and public spaces”.

Mr Govertsen was quoted in GGRAsia as saying that Naga2 would likely benefit from the increased number of visitors from China to Cambodia.

NagaCorp posted a 20.3 percent year-on-year increase in net profit to $150.6 million for the six months to June 30, the firm said on Monday.

The growth was fuelled by a 39.6 percent jump in gross gaming revenue – to $386.8 million – at its NagaWorld casino property.

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