Apparently, I have read the statement of NagaCorp Limited ...
“We believe these and other changes we have made as part of our coronavirus strategy
will help you quickly return to business normality
and help ensure continued financial stability in the long term ”.
NagaCorp Limited opened the 23rd story of NagaWorld development in 2003 with a casino offering a selection of over 1,400 slots alongside some 124 gaming tables. The operator recently signed an agreement that extended the exclusivity clause attached to the gaming license
for another ten years means that no other facility of this type will be allowed to open within a 60 - mile radius of Phnom Penh
by at least the end of 2003.
The local union reportedly told GGRAsia in April that it up to 1,179 jobs may be at risk if NagaCorp Limited decides to implement such significant cost cutting. However, the operator has since allegedly been
reluctantly discloses the specific number of anticipated layoffs and was only ready to announce today that interviews with those concerned are "are going on ”.
NagaCorp Limited's reported report reads ...
“As of the date of this notice, most of the employees concerned have signed mutual separation agreements. "
NagaCorp Limited reportedly concluded with an announcement that the cost cutting program is expected to reduce NagaWorld's monthly operating costs by approximately 11% to approximately
USD 6.6 million
and lowered the associated costs by 23% for something like that $ 2.3 million . In addition, he allegedly stated that he currently has cash and deposits in the amount of $400.7 million which, according to the Commission, is sufficient to "withstand more than six months of operating and interest expenses. "