Logo of Phnom Penh Post newspaper Phnom Penh Post - NagaCorp in final round for Cyprus casino bid

NagaCorp in final round for Cyprus casino bid

NagaCorp in final round for Cyprus casino bid

NagaCorp Ltd, the operator of Phnom Penh’s NagaWorld casino and hotel complex, is in the final bidding stage for the exclusive rights to build and operate a casino in Cyprus, according to gaming news website GGRAsia.

Sources have confirmed that the Cambodian casino operator is one of two remaining bidders for the contract, despite local Cyprus media claiming NagaCorp had yet to secure a plot of land for its potential project.

The winning bidder will receive a 30-year casino licence and have the right to be the country’s exclusive casino operator for 15 of those years.

MOST VIEWED

  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group