Logo of Phnom Penh Post newspaper Phnom Penh Post - Naga 2 launches soft opening in Phnom Penh

Naga 2 launches soft opening in Phnom Penh

Naga 2 launches soft opening in Phnom Penh

Naga 2, a massive hotel and gaming extension to the capital’s NagaWorld casino and resort, launched a soft opening yesterday for the $369 million development, according to the company’s Facebook page.

The soft opening lasts until November 4 and gives Cambodians an 80 percent discount at its food and music carnival, despite being legally banned from any gambling activity at the venue.

Hong Kong-based equity research and brokerage firm Union Gaming Securities Asia Ltd previously predicted that the development, which includes 1,000 new hotel rooms and 500 electronic gaming machines, would rake in $113 million in total earnings during its first full year of operations.

MOST VIEWED

  • Stock photo agencies cash in on Khmer Rouge tragedy
    Stock-photo companies selling images from S-21 raises ethics concerns

    A woman with short-cropped hair stares directly into the camera, her head cocked slightly to the side. On her lap is a sleeping infant just barely in the frame. The woman was the wife of a Khmer Rouge officer who fell out of favour, and

  • Prime Minister: Take back islands from inactive developers

    The government will “take back” land on roughly 30 islands from private companies that have not made progress on planned developments, Prime Minister Hun Sen said in a speech on Monday that also targeted land-grabbing villagers and idle provincial governors. Speaking at the inauguration of the

  • Land on capital’s riverfront is opened up for investment

    The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the

  • Royal Group's Koh Rong luxury hotel officially opens

    The Royal Sands Koh Rong hotel on Monday marked its official launch as the first luxury resort on Cambodia’s most visited island. Prime Minister Hun Sen presided over the inauguration of the hotel, which has been open since December, and features rooms priced at