NagaCorp Ltd will continue building its third casino, Naga 3, within the NagaWorld complex in Phnom Penh, Cambodia, while suspending operations in Russia following the war with Ukraine.

The Cambodian hotel and casino complex operator announced last week that it had halted construction of the Naga Vladivostok gaming and resort development complex in Russia, which was expected to cost more than RM1 billion, due to "uncertainties" about the project.


An artist’s impression of Naga 3, which is currently under construction and will cost US$3.5 billion.

NagaCorp obtained a casino license in Phnom Penh, Cambodia, allowing it to operate there until 2065 and granting it a monopoly in the country until 2035.

It operates two casinos, Naga 1 and Naga 2 (which opened in November 2017), within the NagaWorld complex in Phnom Penh.

Naga 3, which is designed to withstand Richter 6 earthquakes, is currently under construction and will cost US$3.5 billion. It will more than double NagaCorp's capacity and is expected to be completed in 2025.

According to reports, the combined NagaWorld complex of Naga 1, Naga 2, and Naga 3 will have about 5,000 hotel rooms, 1,300 gaming tables, 4,500 electronic gaming machines, and numerous other non-gaming attractions. It is expected to be one of the world's largest integrated entertainment complexes.

Full: https://www.nst.com.my/property/2022/03 ... NDVMN0ZPW0