Connect with us

Asia

NagaCorp Clinches Top Honours from Institutional Investor

Published

on

Reading Time: 2 minutes

 

NagaCorp Ltd has received outstanding accolades and been granted the coveted Most Honoured Company recognition by the renowned financial publication Institutional Investor for exceptional leadership and investor relations, including “Best Investor Relations”, “Best CEO”, “Best CFO”, “Best IR Professional”, “Best IR Team” and “Best Overall ESG” in the Gaming & Lodging sector.

The recognition is part of Institutional Investor’s 2022 Asia (ex-Japan) Executive Team rankings that are regarded globally as the financial industry’s benchmark for excellence.

Tan Sri Dr. Chen Lip Keong, Founder, Controlling Shareholder and Senior Chief Executive Officer of NagaCorp, said: “These recognition marks our outstanding success in navigating the business towards a steady, consistent recovery from the effects of the global pandemic. Leveraging our strong resilience and sound business strategies, we are confident in the long-term business prospects and outlook of NagaCorp as the region recovers post-pandemic. The recognition also indicates a great affirmation of our leadership, credibility, as well as our seasoned investor relations team. Our team is humbled to be recognised as the industry’s best and our success is a testament to our persistence in upholding high-quality corporate governance and practices that protect our shareholders’ interests.”

Gerard Chai, Managing Director, Head of Investor Relations of NagaCorp, said: “NagaCorp’s outstanding achievement are a testament of our ongoing robust investor relations communications and engagements with the global investing community despite very challenging times for the hospitality and leisure industry, which was badly disrupted by the pandemic. Providing timely, accurate and meaningful information to investors is critical to strengthening investor confidence. We are proud that Institutional Investor has recognised the effectiveness of NagaCorp’s investor relations team efforts and our global IR program. The investor relations team is committed to continuously maintaining a world-class standard of engagements and communications to the investing community.”

This year, a total of 4854 portfolio managers and buy-side analysts, and 670 sell-side analysts participated in the 2022 Asia (ex-Japan) Executive Team rankings survey. A total of 1612 companies were nominated across 18 sectors this year. The ranking methodology includes (1) IR Team Authority & Credibility (2) Leadership & Communication (3) Accessibility of Senior Executives (4) Business & Market Knowledge (5) Financial Stewardship (6) Responsiveness (7) Disclosure Consistency & Granularity (8) Financially Material ESG Disclosure (9) Corporate ESG Strategy (10) and Timing to market (Timeliness).

For more than 50 years, Institutional Investor has recognised people and firms in the financial services industry for excellence. The integrity of Institutional Investor’s editorial and research-supported rankings and awards have earned the highest regard in the industry and continue to set the standard by which excellence is measured. For the past 15 years, Institutional Investor has also provided independent analyses of companies’ investor-relations programmes, in conjunction with Executive Team rankings.

Continue Reading
Advertisement

Asia

MelBet Announces New Partnership with СPL 2024 Champion Saint Lucia Kings

Published

on

melbet-announces-new-partnership-with-Сpl-2024-champion-saint-lucia-kings
Reading Time: < 1 minute

 

MelBet has announced a new partnership with the СPL 2024 Champion Saint Lucia Kings.

As a Principal Partner, MelBet, the iGaming company, will support the Kings on their journey to defend their title during the upcoming season.

Both the platform and the team share the same belief: perseverance and tenacity make champions. Anyone who is inspired by the desire to win, who believes in themselves and never gives up, deserves a reward, and loyal MelBet fans know this better than anyone. As part of the partnership, MelBet will become an integral part of the St. Lucia Kings team, supporting players and fans on their way to victory.

“We’re excited to enter the season with MelBet as our Principal Partner. Their reputation for turning every moment into an unforgettable experience is a perfect match for our team. We’re confident that this partnership will bring us the luck and success we need as we aim for another great season,” said Satish Menon, CEO of Saint Lucia Kings.

“We are absolutely delighted to welcome MelBet as our principal partner for the upcoming CPL Season 13. This partnership marks an exciting new chapter for the Saint Lucia Kings, and we are confident that MelBet’s passion for sports and commitment to excellence align perfectly with our own ambitions. We look forward to a successful season both on and off the field,” said Saurabh Arora, Chief Commercial Officer of Saint Lucia Kings.

The post MelBet Announces New Partnership with СPL 2024 Champion Saint Lucia Kings appeared first on European Gaming Industry News.

Continue Reading

Asia

Genting Singapore Appoints Lee Shi Ruh as its New President and COO

Published

on

genting-singapore-appoints-lee-shi-ruh-as-its-new-president-and-coo
Reading Time: < 1 minute

 

Genting Singapore chief financial officer (CFO) Lee Shi Ruh has been appointed president and chief operating officer (COO), filling a position that had been vacant for three years.

The role was last held by former president and COO Tan Hee Teck, who was promoted to chief executive officer in May 2022.

Lee has now stepped down as CFO, the group announced in a bourse filing on Friday (Aug 1). That role will be taken over by Ang Suat Ching, currently CFO of Resorts World Sentosa (RWS), an indirect wholly owned subsidiary of Genting Singapore. Ang will retain her role at RWS.

These changes follow the retirement of Tan, who stepped down as CEO and chairman of RWS in May.

From Jun 1, Lim Kok Thay, executive chairman of the Genting Group, assumed the role of acting CEO, while Lee took on the position of CEO of RWS.

“These appointments reflect our commitment to leadership renewal as the group enters its next phase of growth,” said Lim.

He added that Lee “brings a proven track record of sound decision-making, strategic discipline, and a clear understanding of the group’s long-term priorities, which will be invaluable in her expanded role as president and COO”.

He also noted that Ang’s financial expertise will support the group’s long-term value creation.

The post Genting Singapore Appoints Lee Shi Ruh as its New President and COO appeared first on European Gaming Industry News.

Continue Reading

Aquisitions/Mergers

Donaco International Shareholders Approve Acquisition by On Nut Road Limited

Published

on

donaco-international-shareholders-approve-acquisition-by-on-nut-road-limited
Reading Time: < 1 minute

 

Donaco International Limited (DNA), an ASX-listed company focused on leisure, entertainment and associated technology, announced that its shareholders have voted in favour of the proposed acquisition of 100% of the company’s shares by On Nut Road Limited (ONR) via a scheme of arrangement. Donaco International operates casino businesses in Southeast Asia.

The resolution to approve the Scheme was passed with significant support, with 98.11% of votes cast by Donaco shareholders in favour. Additionally, 77.50% of Donaco shareholders present and voting, either in person or by proxy, attorney, or corporate representative, also voted in favour of the Scheme. The voting results reflect strong shareholder backing for the proposed acquisition.

The Scheme remains subject to the approval of the Supreme Court of New South Wales at a hearing scheduled for Thursday, 7 August 2025. The Second Court Hearing will only occur if all of the remaining conditions precedent to the Scheme have been satisfied or waived. If the court approves the Scheme and all conditions are met, Donaco intends to lodge a copy of the court orders with ASIC on Friday, 8 August 2025, upon which the Scheme will become effective and DNA shares will be suspended from trading on the ASX. Pending final approvals, the implementation of the Scheme is expected to occur on Tuesday, 19 August 2025.

The post Donaco International Shareholders Approve Acquisition by On Nut Road Limited appeared first on European Gaming Industry News.

Continue Reading

Trending