Year

Corporate Events

1994

•      
• The Royal Government of Cambodia (“RGC”) invited international bids for an infrastructure-tourism project in Sihanoukville, southern Cambodia. Ariston Sdn. Bhd. (“Ariston”), a Malaysian company owned by our founder and controlling shareholder, Dr Chen Lip Keong (“Dr Chen”), was selected as the preferred bidder by the consultants after thorough screening and interviews.
  

1995

• On 2 January 1995, the RGC and Ariston signed the Sihanoukville Development Agreement (“SDA”) in Kuala Lumpur, Malaysia. The signing ceremony was attended by prominent figures including 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 is situated on a barge along the Bassac River in Phnom Penh.
  
• On 1 May 1995, former First Prime Minister of Cambodia – HRH Prince Norodom Ranaridh officially launched the Naga Resorts Casino on a barge which was anchored on the bank of the Bassac River, central of Phnom Penh
  

1996

• The former second Prime Minister of Cambodia Hun Sen assured that RGC would honour all the agreements signed.
  

1999

• On 23 June 1999, pursuant to a Phnom Penh City Court Judgment No 27 "C", the court ruled that the RGC and Ariston were bounded by the terms, conditions and obligations in the SDA dated 2 January 1995 and were bound to respect and implement the agreement between the parties.

2000

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

2003

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

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.

2006

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

2011

• NagaCorp announced the acquisition of Naga 2 - collectively comprising NagaCity Walk and TSCLK complex - from Dr Chen involved the issuance of convertible shares/bonds upon completion worth US$369 million.

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.

2013

• NagaCorp raised HK$1.2 billion aiming to expand its high-premium direct-players program and develop junket operations with reliable partners. Additionally, NagaCorp announced plans to invest a minimum of US$350 million in Vladivostok, Russia.

2014

• On 2 September 2014, the Ministry of Economy and Finance of Cambodia reaffirmed the exclusivity of Ariston, running until the end of 2035.

2015

• On 22 May 2015, NagaCorp held a ground breaking ceremony for the project in Vladivostok, Russia.

2016

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

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 + Naga 2). This development has transformed NagaWorld into a world-class integrated resort, representing an investment of around US$1.5 billion.

2018

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

2019

• On 12 April 2019, the Group signed a design and build agreement for Naga 3, guaranteeing a maximum expenditure of 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.
• On 19 November 2019, the RGC extended the Company’s exclusive casino gaming rights within a 200-km radius of Phnom Penh for an additional 10 years, until 31 December 2045.

2020

• NagaCorp issued senior notes worth US$350 million. These notes are listed on the Singapore Exchange Securities Trading Limited.
• The Royal Government of Cambodia has granted the Group a 50-year lease (with option to renew) on a prime piece of development land which measures 75 hectares sited just about 500 meters south of the outer restricted zone of the world-famous Angkor Wat in Siem Reap, Cambodia to develop a non-gaming integrated resorts – Angkor Lake of Wonder ("ALOW")

2021

• NagaCorp issued additional senior notes totaling US$200 million, which have been consolidated to form the same series as the US$350 million senior notes, with an implied yield to maturity of 6.625%.

2023

• Effective from 13 March 2023, Hong Kong Exchanges and Clearing Limited expanded the Stock Connect programme to include eligible international companies primarily listed in Hong Kong. NagaCorp, part of the Hang Seng Foreign Companies Composite Index, is the first foreign gaming company to join the programme.