Naga plans to curl around China

NagaCorp doubled the footprint of its Cambodian casino with the opening of the Naga 2 complex earlier this month, but the Hong Kong-listed operator is not content to stop there, with its founder outlining a vision to become a global hospitality group. The company, which was recently valued at more than $5 billion by Colliers International Hong Kong, started on a barge in 1993 after a United Nations coalition government was formed to restore peace and rebuild the war-torn nation. The gaming license was awarded to a company run by founder and CEO Tan Sri Dr Chen Lip Keong as part of a contract to build an airport in the seaside town of Sihanoukville. Chen saw through the problems plaguing the developing nation to envisage the possibilities for tourism in a country with a rich cultural heritage, bordering China, Thailand and Vietnam and close to Malaysia and Singapore to the south. Since...

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