Cambodian casino operator NagaCorp cashes in on Chinese influx

Company proceeding with expansion in Phnom Penh and Russia but hesitating on Japan

The opening of the $369 million Naga2 extension to the NagaWorld complex has generated a surge of new Chinese customers. (Photo by Ken Kobayashi)

ZACH COLEMAN, Nikkei Asian Review deputy editor

July 25, 2018 23:09 JST

HONG KONG -- Surging Chinese investment into Cambodia swelled revenues for Phnom Penh casino operator NagaCorp by 82.5% for the first half of 2018.

The company, which has a 40-year monopoly on casino gambling in the Cambodian capital, last November doubled the hotel and gaming capacity of its NagaWorld complex with the opening of its $369 million Naga2 extension. Its rapid take off now has the company talking about another phase.