NagaCorp Limited institutes Cambodian cost-cutting program

Asian casino operator NagaCorp Limited has reportedly announced the implementation of a series of ‘proactive measures’ concerning its NagaWorld facility in Cambodia that are to involve extensive job lay-offs and pay cuts.

According to a report from GGRAsia, the Hong Kong-listed firm used an official filing earlier today to detail that the action is necessary to secure the future of the 700-room property in the wake of financial uncertainties being created by the ongoing coronavirus pandemic. The source explained that the 185-acre development was completely shuttered for a 14-week period last year before being closed again from the first day of March after eleven members of its staff tested positive for the potentially-lethal ailment.

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