Around half the US$290 million net proceeds from a bond exercise by Asian casino developer NagaCorp Ltd that was completed last week, would be used for refurbishment of its original Cambodia flagship property NagaWorld (pictured) – now commonly known as “Naga 1” – said a Sunday note from brokerage Morgan Stanley Asia Ltd. The remainder would help with the casino operator’s expansion of VIP gambling business, added analysts Praveen Choudhary and Jeremy An… Read more