NagaCorp chair Tim McNally to step down in June after two-decade tenure
Tim McNally (featured on the article image), the long-standing chairman of NagaCorp Ltd. (3918.HK), will retire at the end of June 2025, concluding more than 20 years of leadership at the company that operates Cambodia’s flagship NagaWorld 바카라 resort. The news was confirmed in a filing to the Hong Kong Stock Exchange on Thursday.
Retirement after two decades of service
McNally, who first joined NagaCorp in February 2005, has informed the board of his intention to retire “to spend more time with his family and focus on personal interests.” His retirement will take effect upon the expiration of his current term on 30 June 2025.
He will step down from multiple roles, including:
- Non-executive director
- Chairman of the board
- Chairman and member of the Anti-Money Laundering (AML) oversight committee
The company said that , with “no disagreement with the board.”
Philip Lee to take the helm in July
Philip Lee Wai Tuck, 62, currently serving as NagaCorp’s executive deputy chairman, has been named McNally’s successor. He will assume the roles of chairman of the board and head of the AML oversight committee starting 1 July 2025.
FBI Agent to Casino Chairman
Before his time at NagaCorp, McNally served as the Executive Director of Security and Corporate Legal Services at the Hong Kong Jockey Club. He had also served as a special agent with the U.S. Federal Bureau of Investigation for nearly 25 years.
His diverse background in law enforcement and corporate governance has been widely credited with helping NagaCorp navigate complex compliance and regulatory challenges over the years.
“The board thanks McNally for his dedication and the significant contributions he has made to the company during his tenure of office, and congratulates Mr Lee on his new roles,” NagaCorp said in the filing.
During his tenure, McNally grew NagaCorp’s footprint in Southeast Asia’s gaming industry, with NagaWorld as a top-tier integrated resort in the region. His retirement marks the end of an era — and a carefully managed transition into the company’s future.
On Friday, NagaCorp Ltd.’s shares fell 1.4 percent to an intraday low of 3.57 HKD on the Hong Kong Stock Exchange.
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