NagaCorp adds Yeap Chee Wan, a former Johnson & Johnson finance director, to its board as an independent non-executive director. The appointment strengthens the company’s leadership with expertise in financial management. Yeap’s experience spans senior roles in corporate finance, aligning with NagaCorp’s strategic oversight needs.
NagaCorp reports a **21.5% year-over-year decline in gross gaming revenue (GGR)**, totaling **US$418 million** for the first nine months of 2026. The drop stems from a sharp decline in its **VIP gaming segments**, particularly worsening in the September quarter. The company operates the **NagaCorp integrated resort in Phnom Penh, Cambodia**.
NagaCorp reports declining revenue and profit for the first half of 2026, driven by reduced VIP visitation. Online scam concerns in Cambodia and rising fuel prices contribute to lower customer engagement. The company’s financial performance reflects broader challenges in its core markets.
SJM Holdings Ltd appoints Sean Czoon Tan as Chief Financial Officer after Christopher Ip Shih Ming’s sudden resignation. Tan previously served as CFO of NagaCorp, a rival Macau concessionaire. The move follows SJM’s announcement of Ip’s departure without a stated reason.
