Monday, August 08, 2022

Nagaworld to become largest riverine IR in Mekong


Hong Kong-listed NagaCorp on Sunday shared further details around its $3.5 billion Naga 3 expansion plan. 

Earlier this year, the company said the Naga 3 project is set to deliver greater gaming and non-gaming spaces, comprising of amenities and facilities not available at Naga 1 and 2, including high-tech virtual reality interactive indoor theme parks, more shopping, and MICE facilities and family recreational areas.

The project will also consist of five distinct hotel towers. In its latest filing, Nagacorp said that Towers 1 and 4 will be a 45 story building inclusive of an 11 story podium, and 2 stories set for VIP gaming, restaurant, and clubs. 

Towers 2 and 3 will be a 66 story tower inclusive of an 11 story podium, while Tower 5 will be a 48 story building inclusive of the ground floor. 

Once completed, Naga3 will offer 4,720 rooms across the five hotel towers, according to the filing. 

In its gaming space, the property feature NagaCorp’s “Casino Cell Concept” – large casino spaces are broken down into smaller spaces, each with its own entertainment, food and beverage and other integrated services.

“The Company expects that NagaWorld will be the largest riverine integrated resort in the Mekong Region, further enhancing the Company’s position as an integrated gaming and entertainment resort powerhouse in Asia,” said the company in a statement. 

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