Tim McNally, the non-executive chairman of Hong Kong-listed Naga Corp Ltd., told GGRAsia that he is “totally confident” about Cambodia’s “future leadership and political stability” after news broke that Cambodia will have a new prime minister. Nagakov has a monopoly on longevity casinos in Phnom Penh, the capital of Cambodia, which operates a Naga World game and hotel complex.
On Wednesday, it was announced that Hun Sen, the current prime minister, would step down next month after 38 years in power. The news came after his Cambodian People’s Party was declared the overwhelming winner of Sunday’s parliamentary elections.
Local media reported that Hun Mane is likely to succeed his father Hun Sen as prime minister.
“We have full confidence in our future leadership and political stability within the country,” McNally told GGRAsia. “We wish the current prime minister good health and good luck.”
The chairman added that Nagakov was “non-political in its business activities in Cambodia” as a public company.
“We will continue to work effectively with the Cambodian government leadership on issues affecting our business,” he said
In addition, Nagarwold will “continue to invest and promote as a tourist destination aimed at growth” and “significantly contribute to the overall efforts and success of the country to grow and maintain a strong tourism industry,” the chairman added.
“As a company, we are currently focused on Naga 1 and 2 business operations and look to the future with Naga 3 construction and planned expansion,” McNally said, referring to Naga World’s two phases currently in operation and others under construction
In a June filing, the company acknowledged that completion of Naga 3 had been delayed by four years to 2029. It added at a Hong Kong briefing last week that the podium portion may open ahead of the rest of the site. Naga 3 includes three hotel brands: JW Marriott, Grand Hyatt and some of its own-brand accommodation.
Last week, Nagakov reported net income of $83 million in the first half of the year to June 30, up 57.4% from a year ago.
BY: 바카라사이트