Published
Land-BasedLegal & RegulatoryMarketing

NagaCorp’s non-gaming resort near Angkor Wat deemed not possible

NagaCorp’s plan to build a non-gaming resort worth $350m near the UNESCO World Heritage site Angkor Wat in Cambodia was disrupted after the Ministry of Culture and Fine Arts and the International Coordinating Committee for Angkor both agreed it cannot be implemented in the planned manner.

AngkorWat

In February, UNESCO released a statement about the 75-hectare amusement park, expressing concern about the construction so close to a heritage site. “The proximity of the project to the protected buffer zones of the site, as well as the scale, scope and concept of the planned activities, could indeed have an impact on the outstanding universal value for which Angkor was inscribed on the UNESCO World Heritage List,” said UNESCO in a statement.

In November 2020, NagaCorp stated it was granted a 50-year lease on a plot of development land about 500 meters south of the outer restricted zone of Angkor Wat. The non-gaming resort was supposed to have a water park, cultural and hi-tech attractions, hotels and meeting spaces.

“The vision is principally aiming at promoting Angkor Wat Siem Reap and NagaWorld Phnom Penh as the twin tourism icons of Cambodia by leveraging on development of the land lease in Siem Reap into a comprehensive non-gaming, integrated world-class resort,” said the company at the time, “so that overseas visitors to Cambodia can enjoy and experience the world famous ancient temples of Angkor Wat and the sophisticated NagaWorld complex at the same time with the most competitive price.”


Asia News Sponsor
Premium+ Connections
Premium

GammaStack

 
Premium

PIN-UP Partners

 
Premium

1xBet Partners

 
Premium

Galaxsys

 
Premium

Digitain

 
Premium

Imagine Live

 
Premium

RISK

 
Premium

Sport Generate

 
 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...