Asian on line casino trade large and founding father of the Hong Kong-based NagaCorp gaming firm, Dr. Chen Lip Keong, handed away on Dec. 8 at age 76 after succumbing to an sickness.
The billionaire’s firm operates the NagaWorld Casino Resort advanced in Phnom Penh, Cambodia. The firm remembered Chen fondly for his years of management with the corporate.
“His many years of entrepreneurial, business, and managerial experiences had been instrumental to the group’s success,” NagaCorp famous in an announcement. “Under Dr. Chen’s visionary leadership, the group has been achieving remarkable growth and development after years of careful navigation of the business and skillful and strategic management.”
Interesting Route to Casino Success
Chen’s household was initially from China, however he was born and raised in Malaysia. His profession took a circuitous route that definitely didn’t start in gaming. He attended medical college on the University of Malaysia, however whereas working towards as a doctor, he turned desirous about property improvement.
His enterprise pursuits finally took Chen to Cambodia within the Nineteen Nineties, the place he hoped to steer an effort to drill for oil within the Gulf of Siam. However, when the nation sought out a on line casino, Chen regarded to safe the license.
The on line casino opened in 1995 and was initially aboard a ship moored within the Mekong River. NagaWorld moved to its present land-based location in 2003 and has continued to develop in dimension since.
Chen’s three sons at the moment are anticipated to take over the corporate. NagaCorp notes that the founder put an “emphasis on managing a ‘first-world company in a developing nation.’”
“In the past 25 years, the company has continuously contributed to the country’s economic growth and social development.”
Latest Casino Industry Executive Death
Beyond Chen, the previous couple of months have seen the trade lose a number of different key trade figures. Steve Norton, the primary govt to run a authorized on line casino exterior Nevada, handed away in November.
Norton helped launch Resorts Casino In Atlantic City in 1978 and likewise helped legalize casinos in different states as nicely. He helped discovered the Casino Association of New Jersey and the American Gaming Association.
In October, on line casino proprietor Don Laughlin additionally handed away. The on line casino proprietor based town named after him in 1966 on the Nevada-Arizona border alongside the Colorado River. He additionally performed a serious function in seeing town thrive. Beyond his Riverside Casino, Laughlin now boasts seven different casinos.
