Cambodian workers at NagaWorld casino vexed over lay-offs as Hong Kong-listed parent firm reports profits

At least 600 workers have received lay-off messages, in what NagaWorld says is due to financial hardship from the Covid-19 pandemic. The job losses come amid news that its parent company NagaCorp reported US$102.3 million in net profit in the year ending December 31, 2020.

When Reoun Sreyneang received notice she would be let go from her job tending hotel rooms for US$300 a month at Phnom Penh’s gold-tinted NagaWorld casino complex, she decided to accept the news without a fight.

“I don’t believe I can win against the company that has millions of dollars in its pocket. They will always win,” said the hospitality worker.

Still, she admitted she was shocked that NagaWorld, a subsidiary of Hong Kong-listed firm NagaCorp that has an exclusive licence to run a casino in Phnom Penh, would fire her and her colleagues, given the tough employment situation as Cambodia continues to grapple with the Covid-19 pandemic.

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