Tan Sri Dr. Chen Lip Keong, the founder and CEO of NagaCorp, the operator of Nagaworld, the only casino operating in Phnom Penh, Cambodia, died last month. Chen arrived in Cambodia in 1995 and spent 28 years investing in the country’s infrastructure and economic success. Nagaworld has expanded twice and is currently close to opening a third expansion, NagaWorld 3.
NagaCorp Chairman Tim McNally said Chen was a visionary.
“He was far more than the CEO and controlling shareholder of the company, he was the genius, architect, inspiration and driving force to bring ideas to life and make NagaCorp and Nagaworld a great success in the marketplace,” McNally said. “Dr. Chen was not an ordinary executive merely focusing on a good product and bottom line financial performance. He was a visionary, economist, possessed politically savvy and was willing to take bold risks when and where others might not go.”
NagaCorp was listed on the Hong Kong stock exchange in 2006, the first gaming company to do so.
He is succeeded by one of his five sons, Chen Yiy Fon, who had previously been CEO of operations. His other sons also work in executive capacities at NagaCorp.