Non-gaming Resort to Rise Along Angkor Wat Periphery by 2025
NagaCorp to build US$350 million Non-Gaming Resort in Siem Reap
Siem Reap, Cambodia | In a bid to match the UNESCO World Heritage Site as a twin tourism icon in Cambodia, a non-gaming resort complex dubbed the Angkor Lake of Wonder (ALOW) is set to rise about 500m south of Angkor Wat.
Behind ALOW is NagaCorp Ltd., a hotel, gaming, and leisure company listed in Hong Kong. It owns NagaWorld, the largest hotel and gaming resort in Cambodia which made $520 million in profits in 2019. The company also has ongoing developments in Russia.
This 75-hectare project will comprise luxury hotels, water attractions such as a canal and cruise area, theme parks, and venues for meetings, incentives, conferences and exhibitions (MICE), keeping guests much closer to the heart of the 900-year-old testament to the Khmer Empire.
Moreover, the ALOW will include an entertainment district, “Siem Reap China Town,” featuring street food, pubs, live music, and retail akin to the bustling Pub Street in the inner city. However, they will integrate this concept within a garden setting and waterways, all underneath a weatherproof covering that will allow for “natural ventilation and soft natural light.”
NagaCorp released a statement saying that in addition to boosting Siem Reap visitor traffic, the site will boost future air, river, and land travel routes to Phnom Penh as they anticipate “tour groups shall visit Angkor Wat as an anchor attraction and then entertainment facilities being offered in NagaWorld Phnom Penh.”
They are optimistic about a mutually beneficial co-existence of non-gaming and gaming integrated resorts, saying that as soon as the ALOW and NagaWorld show positive results, a similar development may be on sight in Sihanoukville, Cambodia’s top coastal destination.
United States-based architectural firms Steelman Partners LLC and Gensler and Associates International Ltd. are heading the blueprints. Respectively, they have worked on Resorts World Las Vegas, and South Korea’s Incheon International Airport, among thousands of other projects worldwide.
NagaGroup Global Ltd., a subsidiary of NagaCorp, was granted a 50-year lease by the national government, subject to renewal in accordance with local law. The project is pegged for completion by 2025, both public and private sectors cooperating for further tourism promotion of the “Kingdom of Wonder.”