Inside Asian Gaming

IAG JUL 2023年7月 亞博匯 15 請登錄asgam.com訂閱《亞博匯早報》 Sign up to receive IAG Breakfast Briefing at asgam.com NAGACORP TO DELAY US$3.5 BILLION NAGA 3 EXPANSION UNTIL 2029 THE SCHEDULED completion date for NagaCorp’s US$3.5 billion Naga 3 expansion of its integrated resort NagaWorld in PhnomPenh, Cambodia, has been extended by four years as the company looks to rein in its capital expenditure in the wake of the COVID-19 pandemic. NagaCorp has also flagged a potential reduction in the size and scale of the development. Details of the amended development terms were outlined in a filing in which NagaCorp revealed that it has entered into an agreement with its contractor which updates the completion date of the original Design and Build Agreement from 30 September 2025 to 30 September 2029. The agreement is also subject to other further adjustments as mutually agreeable between Naga 3 Company Limited and the contractor, the company explained. According to NagaCorp, the extended deadline was necessary “in view of the external geopolitical macroeconomic environment and the stiff global inflationary pressures.” As such, “the company is carefully and seriously considering options of developing Naga 3 matching revenue generation with capex expenditure, and such options shall include [a] project resize.” NagaCorp did, however, insist it remains confident that it can fulfil all of its financial obligations and that “to date, the fundamentals and the directions of the company remain unchanged.” NAGACORP透露 計劃投資35億美元 的NAGA3的擴建計劃 推遲四年至2029年 由於 疫情影響及之後的資本支出控制，NagaCorp斥資35億美元 擴建其位於柬埔寨金邊的NagaWorld綜合度假村之Naga 3擴建 項目的完工時間被預計推遲4年。 NagaCorp還表示，可能會縮減開發項目的面積和規模。 該公司在一份文件中披露相關細節，並透露已與其承包商達 成協議，將原始設計和建造協議的完成日期從2025年9月30日更 新為2029年9月30日。該公司解釋稱，協議可能還將根據Naga 3 Company Limited及承包商之間達成的合意進行下一步調整。 NagaCorp表示：「有鑒於外部地緣政治宏觀經濟環境和嚴 峻的全球通脹壓力，延長完工期限是必要的。 」 「公司正在認真考慮開發Naga3的選項，令其創收與資本支 出相匹配，這些選項應包括調整項目規模。」 然而，NagaCorp亦表示，仍然有信心能夠履行其所有財務 義務並表示：「迄今為止，公司的基本面和方向保持不變。」