Operator of the only casino in Cambodia’s capital Phnom Penh, NagaCorp announced that Naga2 Casino’s opening is planned for next year.

The official Naga2 Casino’s opening will see the casino offering 200 gaming tables and up to 1,000 slot machines.

As its NagaWorld complex is reaching full capacity on regular basis, NagaCorp decided that the development of Naga2 situated near the existing resort would be a great idea. Naga2 would cost US$369m and the ground for it has been broken in November 2012. The new Naga2 inlcudes two components: the NagaCity Walk that would hold around 13,248 square metres of retail and public space and the TSCLK Complex featuring around 1,000 hotel rooms, 30 luxury VIP apartments, a new casino and a multipurpose-entertainment/theatre with around 2,100 seats.

Tim McNally, Chairman of NagaCorp,:

“We have made considerable progress in the development of the TSCLK Complex Project during the Period. It is expected that the TSCLK Complex will be operational in 2017.”

“The business volume growth is attributable to visitor growth to the property and successful operational efficiencies implemented in 2015 that continued to provide convenience for players at the gaming tables and EGM. The implementation of table buy-ins for all Public Floor Tables in 2015 continued to drive incremental growth in business volumes. In addition, the group’s collaboration with Chinese outbound travel agents and an independent airline operator to bring Chinese visitors into Cambodia contributed positively to visitor growth of the property. In January 2016, the independent airline operator commenced thrice weekly scheduled flights from the Chinese cities of Changsha and Xian to Cambodia.”

NagaCorp confirmed Naga2 Casino’s opening following the announcement of the Cambodian operator’s net profit’s increase by 24 per cent to US$125.2m in the first half of 2016, which came thanks to an improvement in the local economy and an increase in visitors.

NagaWorld houses 296 gaming tables and 1,662 EGMs. The company achieved Mass Market growth of 17% on the tables and increase an 18% increase in EGM bills-in.

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