NagaWorld , A Casino Operator in cambodia.
The company is ran by a malaysian billionaire doctor chan along with ex-FBI chairman. The company holds the only license to be able to run a legal casino in cambodia. The company is totally reliance on foreign visitor to gamble , its illegal for local cambodians from gambling.
The cambodia market does have quite a significant reliance on the china tourist.
The video below breakdown the company in much greater debt.
Risk- Nagaworld casino strikes.
Nagaworld has been involved in casino strike. Union workers has been revolting against the company over the past years . This instability does spell some concerns as investors in this company.
Cambodia – Risk
Cambodia has been build to be the vegas strip of south east asia, filled with drugs and vice activities, the country is definitely very fringe and high risk. GDP growth of cambodia is promising. The high risk investor might consider but it isnt for me and i decided to give this a pass.
