Cambodian casino operator NagaCorp Ltd said it was considering an offering to fund a “$369 million” casino project in Russia’s Far East.

The company is already listed on the Hong Kong Stock Exchange.

Speaking to GGRAsia in a phone interview with the United States, Nagarkov’s chairman Tim McNally (pictured) said: “We do business with some well-known international financial groups, and we will explore a range of options, including the possibility of a public offering.”

He declined to comment on where these listings were, saying the idea of a public offering was still in the discussion phase.

The chairman added that it was “likely” to provide finance for the entire project if Nagakov used that route in the Russian plan.

If casino operators choose a different financing route, they can raise funds in three phases, including debt financing elements, he added.

“We are confident that we will be able to fully fund the entire project,” McNally said.

Nagakov had said after announcing a Russian investment deal in the fall of 2013 that the resort would offer large theatrical facilities with a capacity of 100 game tables, 500 electronics and 2,000 people, as well as entertainment services such as karaoke complexes and spas.

McNally told GGRAsia that the cost of the first phase would be between $50 million and $70 million.

“We’re still evaluating. We won’t have a win or sands-style opening like Macau, which has a grand opening. We’ll build the complex, open the gaming facilities and hotels, and then keep adding until we complete the vision and master plan,” Nagakov explains.

This will include two and three levels of entertainment and shops, he said.

McNally said the company hoped to get “some kind of approval” from Russian authorities on its full plans in 2015.

“Hopefully there can be some kind of breakthrough change at the end of the first half [in 2015] or at the start of the second half. 안전한 카지노사이트

“I think if we go through the approval process, things can move at a more predictable pace,” he added.