Nagacorp has reached agreement with a group of investors over a new electronic gaming area in its NagaWorld casino in Phnom Penh, Cambodia.
Under the agreement it will receive $40m for the management of about 300 machines. The investors have agreed to deposit a further $10m with Naga to buy state-of-the-art gaming machines at a later date.
The gaming area will be part of a newly designed, refurbished area that will form another lifestyle casino cell concept in NagaWorld, comprising live entertainment, fine cuisine, lifestyle bars and display areas.
Under the 10-year accord, NagaCorp will receive 70 per cent of the revenue from the machines, while the investors will receive the remaining 30 per cent.
