NagaCorp gives up on casino licence in South Korea

Gaming operator NagaCorp will not bid for a casino licence in Incheon in South Korea, the company announced yesterday in a filing with the Hong Kong Stock Exchange. ‘The Company is of the view that the expected economic returns of such an investment do not meet the Company’s benchmark in evaluating return on investments and is therefore not in line with its policy of selective expansion’, it explained. NagaCorp runs the largest integrated gaming and entertainment hotel in Cambodia, called NagaWorld, which is the only licensed casino in the capital city of Phnom Penh.