Hong Kong-listed casino operator Nagakov said its business performance at the Nagarwold complex in Cambodia's capital Phnom Penh would not be hurt by Macau junket investor Suncity Group's decision to stop proxy betting at its overseas branches.

"For Nagarwold, we don't actually offer online games," Mike Ngoy, chief operating officer and chief marketing officer at Nagarwold, said at a news conference in Hong Kong on Wednesday when asked by reporters about the topic. "As for the impact of Sun City's suspension of proxy betting, basically we don't have any real exposure to it. So it won't be affected in terms of revenue contribution."

The conference followed the company's earnings release for the first half of 2019 on Tuesday.

Listed in Hong Kong, Naga Corp. has an exclusive license to operate casinos in Phnom Penh and its surrounding areas. It began operations with the NagaWorld property, which opened in December 2006. The property is now connected to Naga 2, an extension that opened in November 2017. The entire complex is now known as the NagaWorld Complex.

Nagakov said on Tuesday its VIP gaming division contributed $649.9 million, or about 73% of revenue in the first half of the year. 안전한 카지노사이트

Suncity Group, which investment analysts said was one of Macau's largest VIP gambling organizations, officially opened its VIP facility in Naga 2 in March 2018. Nagakov's information earlier this year moved its operation to a larger space in Naga 2 that could accommodate more tables.

Earlier this month, Chinese state media claimed SunCity Group was involved in running an online gaming platform that allows users to play games outside of Macau. SunCity Group has publicly denied online gaming allegations, adding that certain "products" "are legally allowed to operate in other countries and regions, but they will not be adopted unless Macau laws allow them to do so."

SunCity Group said in an email to GGRAsia on Tuesday: "After responding to the incident through a press conference on July 13, we have suspended overseas television as promised. Other businesses are operating as usual and have not been affected."

The email referred to a recent news conference in which Alvin Chauchuk, president of Sun City Group, apologized to the Macau government for the "inconvenience" caused by online betting allegations.