via Casino Review, 19 May 2021: As I indicated earlier, NagaCorp would likely not drop this lucrative project and will rethink new ways to bring a resort to Siem Reap to capitalise on the visitors to Angkor.
NagaCorp has confirmed it is working on “fresh plans” for a non-gaming resort near the UNESCO World Heritage site Angkor Wat, in Siem Reap, Cambodia.
In late March, Cambodia’s Ministry of Culture and Fine Arts said that the $350m resort could not “be implemented” as proposed by the company. NagaCorp was granted a 50-year lease on a plot of land “about 500 metres south of” the development- restricted zone of Angkor Wat back in November.
However, the company’s proposed Angkor Lake of Wonder project subsequently drew criticism from the United Nations’ cultural agency UNESCO in February.
“The proximity of the project to the protected buffer zones of the [Angkor Wat] site as well as the scale, scope, and concept of the planned activities could indeed have an impact on the outstanding universal value for which Angkor was inscribed on the UNESCO World Heritage List,” the organisation said in a statement.
Source: NagaCorp working on “fresh plans” for non-gaming Angkor Wat project – Casino Review
