NagaCorp Ltd. (NGCRY) operates as an investment holding company primarily engaged in the development, ownership, and operation of integrated resort, social and recreational, and entertainment facilities in Macau and the Philippines. The company, founded in 1997 and headquartered in Hong Kong, manages flagship properties including NagaWorld, a five-star hotel and casino resort in Phnom Penh, Cambodia, offering luxury accommodations, gaming floors with table games, slot machines, electronic gaming, and VIP gaming rooms; banquet and conference facilities; dining outlets encompassing Chinese, international, and specialty restaurants; recreational amenities such as swimming pools, spas, health clubs, and retail shopping; and entertainment venues featuring live performances and shows. NagaCorp's operations span Cambodia as its core market, with expansion interests in the Philippines through subsidiaries and projects like the planned Naga2 development in Phnom Penh, targeting high-net-worth individuals, tourists, and local patrons in the hospitality, gaming, and leisure sectors. In recent developments, NagaCorp has pursued significant expansions including the ongoing construction of Naga2, a multibillion-dollar second phase of NagaWorld aimed at doubling capacity with additional hotel towers, gaming space, and MICE facilities, delayed by COVID-19 but advancing toward completion; secured strategic financing arrangements and partnerships for project funding; navigated regulatory approvals amid Cambodia's post-pandemic tourism recovery; and reported steady revenue growth from gaming concessions in 2024-2025, reflecting resilience in mass and VIP segments despite regional economic headwinds.