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Cambodia – NagaCorp launches new non-gaming resort called Angkor Lake of Wonder

By - 16 November 2020

NagaCorp has signed up two architect firms; US-based Steelman Partners and Genslera to develop a non-gaming resort called Angkor Lake of Wonder on a prime piece of development land, south of the outer restricted zone of the world-famous Angkor Wat in Siem Reap, Cambodia.

The group sees an opportunity to cross-sell between customers of Angkor Lake of Wonder and its NagaWorld casino in Phnom Penh and will promote them both as the ‘twin tourism icons of Cambodia.’

Angkor Lake of Wonder will include hotels, water theme park, indoor hi-tech theme parks, canal, water cruise attractions, meetings, incentives, conferences and exhibitions facilities, cultural attractions, food streets and pubs etc. In terms of acreage, by way of comparison, ALOW has a land area of about 75 hectares (187.5 acres), which is slightly bigger than the combined size of Disneyland (85 acres) and Disney California Adventure (72 acres) in Los Angeles which attracted about 28m visitors yearly before the pandemic.

NagaCorp Company Secretary Lam Yi Lin said: “Angkor Wat is indeed one of the wonders of the world, with long history and rich culture, a powerhouse in cultural tourism. The vision is to promote Angkor Wat and NagaWorld developments as the twin tourism icons of Cambodia. Being the only world-class integrated resort in close proximity to Angkor Wat, ALOW expects Angkor Wat as the anchor attraction and targets to capture most of the existing 5 million tourists presently visiting Angkor Wat.

“The Group believes that ALOW will be the comprehensive, critical mass and attractive facilities in place and expect to attract customers coming for long stay. In Siem Reap, sizable world-class integrated resort in close proximity to Angkor Wat is visibly absent. ALOW shall be the only truly sizable world-class integrated resort upon completion and shall address this shortcoming of Siem Reap, which is currently facing decrease in visitation andlack of quality integrated resorts in the city,” he added. “ALOW intends to be a world-class destination resort attracting visitors for multiple days and return visits. It is created with the vision to become the essence of Cambodia – respecting the past and showcasing latest interactive technology showcased in the indoor theme park, incorporating the concepts of technology, edutainment, ecology, culture and conventions etc.”

In recent times, visitation to Siem Reap has dropped, it is expected that the development of the Land Lease into a world-class resort can help to increase the existing number of visitors to Siem Reap as soon as the COVID-19 improves. Finally, the Group can be viewed as a more holistic and comprehensive promoter of developing and building both gaming and non-gaming integrated resorts (“IR”) in order to help promote tourism to Cambodia.

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