Sunday, June 26, 2022

MQ Technology denies NagaCorp talks


Malaysia-listed MQ Technology has denied reports that it is in talks with Cambodia’s largest casino operator, NagaCorp, over plans to develop and manage a theme park in the Kingdom.

The company announced on Dec. 12 that it has signed a Memorandum of Agreement with Cambodian Resort and Entertainment to develop a Jurassic-themed entertainment park that will include a casino.

The project will be built on 5.1 acres in Bonteay Chakkrei, Prey Veng Province with a total investment of $51.1 million over six years.

MQ Technology will invest $5.1 million in the venture and its Star Acres unit will be also have exclusive rights to invest in further developments on the land. However, the project doesn't involve Hong Kong-listed Nagacorp as had been reported in local media. 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief