• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 31 July 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
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
No Result
View All Result
IAG
No Result
View All Result

NagaCorp prices US$200 million additional notes on lengthening NagaWorld closure

Newsdesk by Newsdesk
Tue 8 Jun 2021 at 13:29
CambodiaNaga2

NagaWorld

67
SHARES
1.7k
VIEWS
Print Friendly, PDF & Email

Cambodian integrated resort operator NagaCorp has priced US$200 million of additional notes aimed at raising liquidity while NagaWorld in Phnom Penh remains closed due to COVID-19.

The additional notes were first mooted on Monday as part of a filing in which NagaCorp also confirmed it was in the process of substantial staff cuts, with NagaWorld’s closure having now extended beyond three months.

In a subsequent filing early Tuesday, the company said it had priced the additional notes at US$200 million 7.95% senior notes due 2024 to be consolidated with US$350 million original notes issued in July last year. The notes will not be convertible into shares.

NagaCorp explained that the additional notes Issue was being undertaken “to raise additional capital to strengthen the group’s working capital and for other general corporate purposes of the Company and its Restricted Subsidiaries.”

Net proceeds from the additional notes Issue after deduction of fees, commissions and expenses will amount to approximately US$211,553,500.

NagaCorp revealed Monday that it had cash and deposits of US$451.7 million as of 30 April 2021. Taking into account dividends of US$81.7 million due to be paid in July, the company said it has enough liquidity to survive for at least six months on minimal revenue before it may need to access the proceeds of the additional offering.

RelatedPosts

Donaco looks inward as Lee Bug Huy named new CEO

Donaco’s Star Vegas impacted by Thai border closures in June quarter as revenue, profit falls

Wed 30 Jul 2025 at 10:32
Cambodia’s Hun Sen expected to hand over to son Hun Manet after maintaining power in controversial election

Exiled Cambodian opposition leader alleges Hun Sen’s Thailand fight sparked by fear of losing casino, scam-based revenue streams

Sun 29 Jun 2025 at 17:49
Foreign tourists among those banned by Thailand from travelling to Cambodia to gamble

Foreign tourists among those banned by Thailand from travelling to Cambodia to gamble

Tue 24 Jun 2025 at 06:02
Donaco pays down US$8.5 million in debt as part of loan refinancing deal

Independent expert gives green light to shareholder plan to acquire Southeast Asian casino operator Donaco

Sun 22 Jun 2025 at 17:37
Load More
Tags: Cambodiacovid-19NagaCorpNagaWorldsenior notes
Share27Share5
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

Don’t miss Episode 2 of The IAG Live Streaming Show this Friday at 10am

by Newsdesk
Thu 31 Jul 2025 at 06:43

Inside Asian Gaming’s new weekly production, The IAG Live Streaming Show, will return this Friday 1 August at 10am Macau time. Episode 1 of The IAG Live Streaming Show was broadcast last Friday 25 July 2025, representing an evolution of “On the...

Inside Asian Gaming names MGM as Venue Sponsor for 2023 Asian Gaming Power 50 Black Tie Gala Dinner

MGM Macau launches new villas, high-end Alpha Club gaming space in response to evolving customer base

by Ben Blaschke
Thu 31 Jul 2025 at 06:38

MGM China said Thursday that it has soft-launched an “ultra-high-end” gaming space called Alpha Club and completed 28 Alpha Villas at peninsula property MGM Macau as the company continues to make inroads into the city’s lucrative premium mass segment. The...

The show must go on

MGM China reports all-time record Adjusted EBITDA of HK$2.5 billion, market share hits 16.6%

by Ben Blaschke
Thu 31 Jul 2025 at 05:11

MGM China recorded its highest ever Adjusted EBITDA in the June 2025 quarter, continuing its recent run of success as the company’s Macau market share hit 16.6%. According to information released by parent company MGM Resorts International early Thursday (Macau...

PAGCOR to slash license fees charged to Philippine IR operators on online gaming GGR to new low of 25%

PAGCOR’s net income up 64% to US$188 million in first six months of 2025

by Ben Blaschke
Wed 30 Jul 2025 at 17:05

Philippine gaming regulator PAGCOR registered net income of Php10.8 billion (US$188 million) in the first six months of 2025, up 64.3% year-on-year thanks in part to a 14% increase in revenues to Php51.8 billion (US$899 million). A day after revealing...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

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

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
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English