Tag Archives: Cambodia
Cambodia – NagaWorld’s mass gaming operating at 82 per cent of pre-pandemic levels in year so far
NagaCorp has reported that its mass gaming revenues at Naga World in Phnom Penh for the year so far have recovered to 82 per cent of pre-pandemic business volumes. For the nine months ended 30 September 2023, mass market segment business volumes increased by 7.8 per cent as compared to the same period last year….
Vietnam – Donaco hopes proliferation of vaccines will see business levels bounce back
Despite its six month results ended December 31 being severely restricted by COVID, Donaco International Limited has said it has a ‘positive long-term business outlook with proliferation of vaccines globally, and across South-East Asia,as well as increased tourism infrastructure spend emerging in the region.’ In Cambodia Star Vegas remained temporarily closed during the half year…
Vietnam – Donaco burning USD$380,408 per month due to COVID restrictions
With Star Vegas still temporarily closed in Cambodia and Aristo open in Vietnam on a limited basis due to COVID-19 related restrictions, Donaco International has declared a cash burn of USD$380,408 per month, which it says is ‘well within the targeted range.’ Increasing vaccination rates in Thailand and Cambodia have led both countries’ Governments to…
Cambodia – NagaCorp. generates EBITDA of US$17.7m despite four month closure
Despite being closed for nearly four months, Cambodia casino group NagaCorp. still managed to generate Gross Gaming Revenue (GGR) of US$129.3m at its NagaWorld casino in the capital of Phnom Penh with Adjusted EBITDA of US$17.7m and VIP Market GGR of US$80.5m. Mass Market Tables generated GGR of US$29.9m for the six months ended 30…
Cambodia – Revenues fall for Donaco with Star Vegas closed again
The latest wave of infections in Cambodia, forcing the temporary closure of Star Vegas, have seen Donaco International’s quarterly revenues fall to A$1.5m compared to March 2020 Quarter revenue of A$2.8m. The ongoing outbreaks have heavily reduced visitation numbers, affecting revenue and EBITDA, and resulting in Group revenue of A$1.5m and negative EBITDA of A$0.5m….
Cambodia – Macau Legend looks for solution as land deal fails to complete in Siem Reap
Having announced a deal to buy land for a resort casino in Cambodia in 2019, Macau Legend Development has now confirmed that the deal is yet to be completed and that it is seeking a solution with the seller. The company said in May 2019 that it would spend $90m buying several parcels of land…
Cambodia – Moody’s views NagaWorld as negative with revenues 40 per cent down
Despite a US$200m bonds offering, Cambodian integrated resort, NagaWorld, has been rated with a negative outlook with the ongoing closure of the facility seeing revenue only hitting 40 per cent of 2019 levels in 2021. Moody’s Vice President and Senior Credit Officer Jacintha Poh said: “The additional notes will provide the company with sufficient liquidity…
Cambodia – NagaCorp confirms job losses to maintain ‘operational and financial flexibility’
Despite NagaCorp seeing a full recovery of its mass gaming at its NagaWorld casino prior to the latest three month closure, the operator says it has been forced to make job cuts. NagaWorld has been closed since March 1 and despite revenues bouncing back to 99 per cent of its pre-pandemic levels last time it…
Cambodia – Won Majestic Casino set to open in Cambodia early next year
Malaysian-born WA Hospitality will be taking its first steps into the Sihanoukville casino market in Cambodia with the opening of the Won Majestic Casino Hotel & Resort Cambodia in the first quarter of 2022. Located close to the idyllic Sokha beach, the casino resort will feature a 5-Star Hotel Tower with luxury suites and studio…
