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Milestones
2025

In August 2025, NagaWorld was officially certified as a Great Place To Work® with an exceptional Trust Index score of 95%, an endorsement by its employees on the culture of trust and respect in the workplace.

2024

NagaCorp fully discharged the senior notes due 2024 (the "2024 senior notes") upon its maturity on 6 July 2024.

2023

On 3 June 2023, NagaCorp deferred the completion date of the Design and Build Agreement ("DBA") for Naga 3 to 30 September 2029 due to the macroeconomic conditions.

On 13 March 2023, The Stock Exchange of Hong Kong Limited ("SEHK") expanded the Stock Connect programme and included NagaCorp, the first foreign gaming company in the programme.

2021

NagaCorp issued additional senior notes totaling US$200 million, which were consolidated to form the same series as the 2024 senior notes.

Additionally, NagaCorp also fully repaid the senior notes due 2021 (the "2021 senior notes") upon its maturity on 21 May 2021.

2020

NagaCorp issued 2024 senior notes worth US$350 million. These notes were listed on the Singapore Exchange Securities Trading Limited.

2019

On 19 November 2019, the Royal Government of Cambodia ("RGC") extended the Company’s exclusive casino gaming rights within a 200KM radius of Phnom Penh for an additional 10 years, until 31 December 2045.

NagaCorp has been recognised as one of the best-performing gaming stocks on The Stock Exchange of Hong Kong Limited, reaching a record-high market capitalisation of about HK$62.9 billion with a share price of HK$14.50 on 6 November 2019.

Artist impression only

On 12 April 2019, the Group signed a DBA for Naga 3, guaranteeing a maximum expenditure of up to US$3.5 billion for up to 544,801 square meters of construction. The funding strategy includes 50% from internal sources and the remaining 50% through a subscription agreement with the controlling shareholder.

2018

NagaCorp was the first Cambodian issuer of offshore bonds, issuing a debut 2021 senior notes totaling US$300 million, which were rated one notch higher than the sovereign rating of Cambodia. These notes were listed on the Singapore Exchange Securities Trading Limited.

2017

On 3 November 2017, NagaCorp celebrated the soft opening of Naga 2 and NagaCity Walk, completing the expansion of the NagaWorld complex (Naga 1 and Naga 2). This development has transformed NagaWorld into a world-class Integrated Resort, representing an investment of around US$1.5 billion.

2016

The opening of NagaCity Walk in Phnom Penh’s inaugural downtown duty-free shopping in August 2016.

2014

On 2 September 2014, the Ministry of Economy and Finance of Cambodia reaffirmed the exclusivity of Ariston Sdn. Bhd. ("Ariston"), a wholly-owned subsidiary of NagaCorp, running until the end of 2035.

2012

In January 2012, about 85% of NagaCorp’s minority shareholders approved the acquisition of Naga 2. Subsequently, NagaCorp conducted a groundbreaking ceremony for the Naga 2 development in November 2012.

2011

NagaCorp announced the acquisition of Naga 2 - collectively comprising NagaCity Walk and TSCLK complex - from the late Tan Sri Dr Chen Lip Keong ("Dr Chen"), with the issuance of convertible bonds upon completion worth US$369 million.

2006

NagaCorp became the first gaming company listed on the Main Board of the SEHK through an initial public offering that raised HK$822 million by issuing 575 million shares at HK$1.43 each.

2005

On 12 August 2005, RGC and Ariston signed an Addendum Agreement. The RGC confirmed Ariston’s rights to operate a casino in Phnom Penh under an existing Casino License, with an exclusivity zone of 200KM around Phnom Penh, excluding specific areas like the Cambodia-Vietnam border, Bokor, Kirirom Mountains, and Sihanoukville.

2003

On 1 October 2003, NagaCorp relocated its casino from the barge to the ground floor of the entertainment wing of NagaWorld.

2000

On 2 February 2000, the RGC and Ariston further agreed with the terms and conditions of the Sihanoukville Development Agreement ("SDA") dated 2 January 1995 and signed the Supplemental Sihanoukville Development Agreement which both parties mutually agreed that in addition to the barge, the development would include a landed casino in Phnom Penh.

1996

RGC reaffirmed its commitment to honouring investments.

1995

On 2 January 1995, the RGC and Ariston signed the SDA in Kuala Lumpur, Malaysia. The signing ceremony was attended by prominent figures including the late Dr Chen and the former Prime Ministers of both Cambodia and Malaysia. This agreement paved the way for the inauguration of the Naga Resorts Casino by Prince Norodom Ranaridh on 1 May 1995, which was situated on a barge along the Bassac River in Phnom Penh.

1994

The RGC invited international bids for an infrastructure-tourism project in Sihanoukville, southern Cambodia. Ariston, a Malaysian company owned by our founder and controlling shareholder, the late Dr Chen, was selected as the preferred bidder by the consultants after thorough screening and interviews.

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