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Malaysia’s ‘Accidental’ Casino Billionaire, Chen Lip Keong ...

KUALA LUMPUR: Ipoh-born Tan Sri Dr Chen Lip Keong is no stranger to the business world. Nor is he a stranger to controversy.

Although he may cruise under the radar of many, the old hand has been in the corporate business since the mid-1970s, where he started out in property development.

With a net worth estimated to be about US$180 million (RM560 million), the 64-year-old business tycoon made his debut onto Forbes Asia Malaysia’s 40 richest list last year.

List of Malaysians of Chinese descent - Wikipedia

The Bachelor of Medicine and Surgery graduate from the University of Malaya is one of the first Malaysians to invest in Cambodia.

Chen founded NagaCorp in 1995, the year he obtained a 70-year gaming licence in Cambodia via his privately held company, Ariston. He has since built it to become Cambodia’s largest gaming resort, NagaWorld, located in Phnom Penh.

It is the only licensed casino in the capital, where it holds an exclusive licence within a 200km radius of the city.

Chen listed NagaCorp Ltd in Hong Kong Malaysia casino tycoon Chen Lip Keong dies at 76 | The ... TYCU