NagaCorp Ltd, the operator of Phnom Penh’s NagaWorld casino and hotel complex, is in the final bidding stage for the exclusive rights to build and operate a casino in Cyprus, according to gaming news website GGRAsia.

Sources have confirmed that the Cambodian casino operator is one of two remaining bidders for the contract, despite local Cyprus media claiming NagaCorp had yet to secure a plot of land for its potential project.

The winning bidder will receive a 30-year casino licence and have the right to be the country’s exclusive casino operator for 15 of those years.