Described as a “unintentional gambling tycoon,” Chen founded NagaCorp in 1995.In addition, he started running a casino on a hired boat on the Bassac River in Phnom Penh, close to the Royal Palace. After purchasing land next to the barge dock in 2000, NagaCorp started building NagaWorld, which opened for business in 2003.
The first casino firm to list on the Hong Kong Stock Exchange was NagaCorp, which made history in 2006. Fan of Lady Gaga, Chen debuted the opulent twin-tower addition, Naga 2, in 2017. Chen entered the Primorsky Entertainment Resort City project in Vladivostok, Russia, in an attempt to grow his casino empire.
Meet Chen Lip Keong Daughter And Son Chen Yiy Fon
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The CEO and founder of the company, Chen Lip Keong, is a single father. He gained notoriety for founding and overseeing the casino-related business NagaCorp. The founder and CEO of NagaCorp, Chen Lip Keong, is followed in business by his son, Fon Chen. The company’s current executive director, Yiy Fon Chen, is essential to its leadership. In 2003, Fon Chen graduated from the University of Southern California, Los Angeles, with a Bachelor of Arts in Economics.
In 2004, he interned at Credit Suisse First Boston in Singapore and Morgan Stanley in Los Angeles, where he got real-world experience. From May 2009 to February 2011, Fon Chen worked for NagaCorp as a non-executive director. In addition, he presently holds directorships in multiple wholly-owned firm subsidiaries and LIPKCO Group Limited, NagaCorp’s largest shareholder.
NagaCorp Hotels Appointed Yiy Hwuan as CEO
At NagaFarm Limited, a Nagacorp subsidiary with an emphasis on agriculture, Yiy Hwuan, 42, serves as CEO. In 2021, Hwuan’s basic pay for the same function was $176,000. This indicates his involvement and accountability in the Nagacorp household. There are more family members who have significant responsibilities at Nagacorp besides Yiy Hwuan. His two brothers, Chen Yiy Fon and Chen Cherchi, both rose to the position of CEO.
Chen Yiy Fon assumed the role of CEO for operations, overseeing daily activities, while Chen Cherchi assumed the role of CEO for finance and treasury, managing financial affairs. The family’s leadership dynamics changed when their father, Lip Keong, was elevated to senior CEO.
Chen Lip Keong Son Chen Yepern, please meet
Three of Dr. Chen Lip Keong’s sons have been promoted within NagaCorp, a gambling operator, as part of his decision to share some managerial responsibilities. With the appointment of all three sons as co-CEOs, the organization’s management structure has undergone a dramatic change. The company’s Environmental, Social, and Governance (ESG) efforts are managed by Chen Yepern.
In addition, he is a member of the Company’s AML Oversight, Nomination, and Remuneration Committees. After graduating from California State University, Northridge with a Bachelor of Science in Finance in 2009, Mr. Chen started working at Caesars Palace in 2010. Currently, Mr. Chen serves as a director of NagaCorporation Limited and other wholly-owned subsidiaries of the company. The appointment of Dr. Chen Lip Keong’s sons as co-CEOs is a reflection of his policy of placing family members in prominent leadership roles and encouraging a team-based approach to business management.
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