NagaCorp to begin main building works on Naga3 expansion by mid-2023
Tuesday 28 de March 2023 / 12:00
⏱ 1 min read
(Cambodia).- Hong Kong-listed NagaCorp says it expects to commence main building works on its US$3.5 billion Naga3 development in Phnom Penh, Cambodia in mid-2023, while one of the project’s three hotel towers will be complete by the end of the year.
The update formed part of NagaCorp’s Annual Report, published late last week, in which Chairman Tim McNally confirmed Naga3, the latest expansion project of its monopoly integrated resort NagaWorld, is “moving forward as planned and making good progress.”
With piling work now complete, the company revealed it is nearing completion of the basements and ground floor construction of Towers 2 and 3, while Tower 1 is making progress.
“Upon full completion of Tower 2 basements and ground floor at mid-2023, main building works for Tower 1 and Tower 3 shall commence,” NagaCorp said.
“Tower 2 and podium section of basements and ground floor shall be completed in the fourth quarter of 2023.”
When complete in 2025, the Naga3 expansion will increase the NagaWorld offering to 5,000 hotel rooms, 1,300 gaming tables and 4,500 EGMs. NagaCorp said that around 93% of Naga 3’s gross floor area will feature non-gaming offerings, “consistent with the Group’s long-term strategy of offering comprehensive lifestyle products and services.”
“Given the uniqueness of a casino monopoly in the heart of a capital city, the combined complex of NagaWorld is expected to position the Group as one of the largest riverine integrated resorts and entertainment centres in the Asia Pacific region,” said McNally.
NagaCorp last month reported a 99.5% increase in gross gaming revenue to US$445.9 million in 2022, with net Profit of US$107.3 million reversing a loss of US$47.0 million in 2021.
Categoría:Casino
Tags: casino,
País: Cambodia
Región: Asia
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
GAT Expo Cartagena 2026 came to an end after a resounding success
(Cartagena de Indias).- With this closing, GAT Events continues its remarkable 2026 circuit with upcoming stops in Mexico City, São Paulo, San Juan, Bogotá and Santo Domingo, consolidating its presence as a B2B platform for the development of the legal gaming business in Latin America and the Caribbean.
Friday 27 Mar 2026 / 12:00
Latin American Regulators Unite to Tackle Illegal Gambling and Highlight Risks for Minors
(Cartagena de Indias, SoloAzar Exclusive).- At GAT Expo Cartagena 2026, Jesús Mariano Acevedo, President of LOTBA (Buenos Aires City Lottery), took part in the regulators’ panel where he analyzed online gaming challenges, the rise of illegal gambling, and the need for a joint strategy between the public and private sectors in the region.
Friday 27 Mar 2026 / 12:00
Nevada’s Regulatory Model Offers Key Lessons for Latin America at GAT Expo Cartagena 2026
(Cartagena de Indias, SoloAzar Exclusive).- During GAT Expo Cartagena 2026, SoloAzar provided exclusive on-site coverage of the international conference “Lessons from Nevada’s Regulatory Model for Latin America,” where Brian Krolicki, Vice Chairman of the Nevada Gaming Commission, delivered a comprehensive overview of regulatory best practices, emphasizing that “strong regulation is not the enemy of a successful gaming industry—it is the foundation that makes long-term growth possible.”
Thursday 26 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.