• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 1 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

NagaCorp to build US$350 million non-gaming resort near Cambodia’s Angkor Wat

Ben Blaschke by Ben Blaschke
Mon 16 Nov 2020 at 05:31
NagaCorp to build US$350 million non-gaming resort near Cambodia’s Angkor Wat

Angkor Wat

531
SHARES
13.3k
VIEWS
Print Friendly, PDF & Email

NagaCorp Ltd, owner and operator of NagaWorld in Phnom Penh, has revealed plans to develop a US$350 million non-gaming resort in Siem Reap aimed at promoting NagaWorld and UNESCO world heritage-listed Angkor Wat as “twin tourism icons of Cambodia.”

The ambitious plan has been made possible after the Cambodian government granted NagaGroup Global Limited, a wholly-owned subsidiary of the company, a 50-year lease on 75 hectares of land located just 500 meters south of the outer restricted zone surrounding Angkor Wat. Built in the 12th century, Angkor Wat is Cambodia’s most recognized attraction and the largest religious monument in the world.

According to a Sunday night announcement, NagaCorp’s new development will be complete by 2025 – likely before the US$3.5 billion Naga3 expansion of NagaWorld opens for business – and incorporate high-end hotels, a water theme park, indoor hi-tech theme parks, a canal, water cruise attractions, and MICE facilities.

There will also be an entertainment district called Seam Reap China Town offering street food, pubs, music and shopping, which will be integrated with gardens and water features and protected by an all-weather roof covering that “promotes natural ventilation and soft natural light.”

Provisionally named Angkor Lake of Wonder, the 75 hectares of land on which it is planned to sit would make it larger than the combined size of Disneyland and Disney California Adventure in Los Angeles.

NagaCorp said the development will serve multiple purposes – boosting visitation to Siem Reap while providing additional promotion of and access to NagaWorld by implementing new travel strategies connecting Siem Reap and Phnom Penh by air, river and road.

“The Group intends to implement strategies of working with on-line and physical travel agents in China and elsewhere to offer tours based on more complete set of facilities based in Siem Reap and Phnom Penh,” NagaCorp said.

“The Group anticipates that tour groups shall visit Angkor Wat as an anchor attraction and then entertainment facilities being offered in NagaWorld Phnom Penh.”

NagaWorld in Phnom Penh

Angkor Lake of Wonder will be designed by US-based Steelman Partners – the design firm behind NagaWorld – and Gensler, with master planning based on the concept of generating as much fun and play as possible in the resort.

It is also envisioned as a precursor to further expansion within Cambodia in the future.

“It is the intention of the Group to be perceived as a more comprehensive and quality integrated resort developer with gaming and non-gaming IRs as means of revenue,” NagaCorp said.

“We will anticipate the non-gaming and gaming integrated resorts will co-exist with each other in a mutually beneficial manner. As soon as the Siem Reap Angkor Lake of Wonder IR and the NagaWorld Complex have shown some positive results that they can benefit from each other, it is also the intention of the Group to explore viable and profitable development in the Sihanoukville areas.

“At that point of time, the Group believes [it will have] already gained a foothold as a strategic, sizable and comprehensive world-class integrated resort developer to help promote tourism in the Kingdom of Cambodia.”

RelatedPosts

Tim McNally to retire as NagaCorp chairman, Philip Lee named successor

Tim McNally to retire as NagaCorp chairman, Philip Lee named successor

Thu 22 May 2025 at 17:58
Wynn Resorts Chairman says departing CEO Maddox keen to explore non-gaming career opportunities

Wynn wary of returning to Japan amid talk of second IR bidding round

Wed 7 May 2025 at 06:12
Third time lucky? PH Resorts Group inks MOU with Philippine construction firm to finance, develop stalled Cebu resort

PH Resorts Corp says discussions with local construction firm ongoing over investment into stalled Cebu resort Emerald Bay

Sun 4 May 2025 at 06:41
MGM Resorts unveils Osaka IR concept

MGM increases Osaka IR equity investment to US$3 billion but bullish on expected returns

Thu 1 May 2025 at 10:33
Load More
Tags: Angkor WatCambodiaintegrated resortNagaCorpNagaWorldPhnom PenhSiem Reap
Share212Share37
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

10 Years Ago – Reimagining Sri Lanka

Sri Lanka gazettes draft bill to establish Gambling Regulatory Authority

by Newsdesk
Sat 31 May 2025 at 06:03

A draft bill that would establish an official regulator for the Sri Lankan gaming industry, to be known as the Gambling Regulatory Authority, has taken another step forward after being gazetted. According to the Sri Lanka Mirror, the official announcement...

RGB International signs agreement to distribute KL Saberi and Atlas gaming machines

After record-breaking sales in 2024, Malaysia’s RGB sees 1Q25 profit fall to

by Newsdesk
Sat 31 May 2025 at 05:53

Malaysian gaming product distributor RGB International Bhd has reported group-wide revenue of MYR73.6 million (US$17.3 million) for the three months to 31 March 2025, down 65% year-on-year due to a lower number of products sold. The figure was also 79%...

Robert Goldstein to step aside as LVS Chairman and CEO from March 2026, replaced by Patrick Dumont

Robert Goldstein: Macau gaming market challenged by increased competition, online gambling and US-Sino trade war

by Ben Blaschke
Fri 30 May 2025 at 06:42

Las Vegas Sands (LVS) Chairman and CEO Robert Goldstein has bemoaned the lingering impact of the US-China trade war, as well as increased domestic and regional competition and the rise of online gambling across Asia for sustained flatness in the...

Industry hopes Thai Entertainment Complex Roundtable can establish “common ground” with those opposing legal casinos

Industry hopes Thai Entertainment Complex Roundtable can establish “common ground” with those opposing legal casinos

by Ben Blaschke
Fri 30 May 2025 at 05:38

Industry figures taking part in the Thai Entertainment Complex Roundtable (TECR) next Thursday 5 June hope to find common ground with those who oppose Thailand’s Entertainment Complex Bill, citing the opportunity to use an evidence-based approach to achieve outcomes that...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語