GGB is committed to providing updated news and analysis on our weekly news site,

NagaCorp Founder & CEO Passes

NagaCorp Founder & CEO Passes

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.

    Recent Feature Articles

  • The King of London

    British casinos took a giant leap forward when Simon Thomas and his father Jimmy took over the fabled Hippodrome theater in London and created a casino for the new world

  • Finally Florida

    With the U.S. Supreme Court denying an injunction, Florida was added to the list of states that have legalized sports betting with a monopoly for the Seminole tribe

  • Less Is More

    How to solve the staffing conundrum

  • Thunder Down Under

    Is the Australian gaming market primed for a resurgence?

  • Cashless Connections

    As several cashless payment solutions compete and, in many cases, partner, the path to cash-free gaming accelerates