Year

Corporate Events

1994

• The Royal Government of Cambodia ("RGC") invited the international business community to tender and build an infrastructure-tourism development in the Sihanoukville region, South Cambodia.
  
• On behalf of the RGC, a group of Australian-based consultants using global best practice standards, oversaw and evaluated the tender process. The group was led by Lewis & Partners and consisted of Acer Wargon Chapman, Arthur Andersen, Corrs Chambers Westgarth, Devine Erby Mazlin and Equa Consulting Group
• The Malaysian-based private company, Ariston Sdn. Bhd. ("Ariston"), wholly owned by Dr Chen Lip Keong answered and submitted a comprehensive set of submissions. After a careful and detailed screening and interview, the Australian based consultants awarded the contract to Ariston, which was the preferred bidder
  

1995

• On 2 January 1995, the RGC signed an agreement with Ariston called Sihanoukville Development Agreement ("SDA"). The signing ceremony was held in Kuala Lumpur, Malaysia by three signatories consisting of Dr Chen Lip Keong, His Excellency (HE) Sok An - Deputy Prime Minster of Cambodia and HE Sun Chanthol (now Minster of Transport and Public Works) in the presence of the former Prime Minister of Malaysia HE Dr Mahathir Mohammed, former First Prime Minister of Cambodia His Royal Highness (HRH) Prince Norodom Ranaridh and the former Second Prime Minister of Cambodia HE Hun Sen.
  
• 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

• 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 to comply 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, the developments would consist of Casinos 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, the RGC and Ariston signed an Addendum agreement which stated, among other key points:
• Ariston would gave up certain components of the concessions and rights to develop various development packages as awarded under the SDA
• RGC agreed to honor and reaffirm, reconfirm and re-endorse the rights of the investor to operate a casino in Phnom Penh under a Casino License granted by RGC
• RGC further reconfirmed that the Casino License had an exclusivity within 200km radius of Phnom Penh (except the Cambodia-Vietnam border area, Bokor, Kirirom Mountains and Sihanoukville)

2006

• NagaCorp was listed on the Main Board of the Hong Kong Stock Exchange
• It was the first listing of a gaming and entertainment company on the stock exchange through an initial public offering
• The initial public offering raised HK$822 million (US$105 million) through the issuance of 575 million shares at HK$1.43 each

2011

• Proposal for the connected acquisition of Naga2 – collectively comprising NagaCity Walk and TSCLK complex – from major shareholder Tan Sri Dr. Chen with the issuance of convertible shares/ bonds upon completion worth US$369 million

2012

• Approximately 85% of the minority shareholders of NagaCorp voted in favour of the acquisition of Naga2 in January 2012
• NagaCorp held a ground breaking ceremony for the Naga2 development in November 2012

2013

• NagaCorp raised HK$1.2 billion (US$156 million) through the issuance of 200 million new shares at HK$6.05 to expand the Group's overseas high-premium direct-players program and to develop its junket business with trusted third parties
• Announced plans for investment in Vladivostok, Russia with a minimum investment of US$350 million

2014

• On 2 September 2014, the Ministry of Economy and Finance of Cambodia reaffirmed that Ariston continued to enjoy the Exclusivity, and that this will, indeed, run until the end of 2035

2015

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

2016

• NagaCity Walk integrated with NagaWorld, is Phnom Penh's first downtown duty-free shopping mall, opened in August 2016. China Duty Free Group (CDFG), the largest duty-free operator in China leased about 3,800 square metres in NagaCity Walk to operate duty-free shopping at the premises.

2017

• On 3 November 2017, NagaCorp held a soft opening ceremony for its completion of Naga2 and NagaCity Walk. With the addition of Naga2 and NagaCity Walk, the combined NagaWorld complex (Naga1 + Naga2) features a world class Integrated Resort with an investment cost of approximately US$1.5 billion

2018

• NagaCorp issued Senior Notes of an aggregate principal amount of US$300.0 million with maturity on 21 May 2021. The Senior Notes bear interest at a rate of 9.375% per annum, payable semi-annually in arrears on 21 May and 21 November of each year, commencing on 21 November 2018. The Senior Notes are listed on the Singapore Exchange Securities Trading Limited

2019

• On 12 April 2019, the Group entered into a guaranteed maximum sum design and build agreement to develop Naga 3 with a total built-up area of up to 544,801 square metres for a maximum sum of US$3.5 billion. The Group will fund 50% of the Contract Sum by way of internally generated funds and the remaining 50% of the Contract Sum will be funded by the Controlling Shareholder under Subscription Agreement with the issue price of the Settlement Shares of HK$12.00

2019

• On 19 November 2019, the RGC granted the Company, through its wholly-owned subsidiary, a 10 year extension to its exclusive rights to operate casino gaming activities within a radius of 200-km of Phnom Penh, Cambodia until 31 December 2045

2020

• NagaCorp issued Senior Notes of an aggregate principal amount of US$350.0 million with maturity on 6 July 2024. The Senior Notes bear interest at a rate of 7.95% per annum, payable semi-annually in arrears on 6 January and 6 July of each year, commencing on 6 January 2021. The Senior Notes are listed on the Singapore Exchange Securities Trading Limited

2020

• 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 Notes of an aggregate principal amount of US$200.0 million, to be consolidated and form the same series as the US$350.0 million 7.95% Senior Notes with maturity on 6 July 2024 (“Original Notes”). The principal terms of the Additional Notes are the same as the terms of the Original Notes.