Timothy McNally is departing his role as NagaCorp chairman, according to a company-focused profile describing his career and departure. The source gives no effective date or successor.
The departure concerns leadership at a gaming company, although the source provides no transition details.
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S&P Global Ratings expects NagaCorp’s adjusted revenue to grow by 3% to 8% over 2026 and 2027, according to its assessment. The agency retained its B+/Stable/– assessment and said its note did not constitute a rating action.
Moody’s Ratings expects gaming revenue across Asia to increase by about 5% to 6% over the next 12 to 18 months, according to its sector report. It forecasts Macau GGR growth of 6% in 2026 and 4% to 5% in 2027, while Southeast Asian gaming revenue is expected to grow at a single-digit rate in both years.
NagaCorp reported first-quarter 2026 gross gaming income of US$174.7m at its NagaWorld resort in Phnom Penh, according to its filing. Mass-market table revenue rose 23.9% to US$91.3m, while direct VIP gross gaming revenue fell 16.2% to US$35.9m and referral VIP gross gaming revenue declined 52.4% to US$9.17m.
NagaCorp reported full-year revenue of US$709.7 million for 2025, reportedly. The figure was 26% higher than the previous year.
Malaysia’s Federal Court ruled that credit facilities provided to Dato’ Ting Ching Lee for gambling at NagaWorld could not be recovered as genuine loans. It overturned the Court of Appeal’s decision and ordered respondent Ting Siu Hua to pay RM200,000 in costs, subject to the allocator fee.