Tag Archives: NagaWorld
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….
Cambodia – Naga World benefits from the return of Chinese players and the referral VIP market
Cambodian operator Naga Corp reported a 6.8 per cent improvement in revenues in its first quarter due to the return of Chinese players and an upturn in the referral VIP market with players from Thailand, Malaysia and Singapore. Average daily business volumes for the Mass Market in the first quarter of 2023 increased by 16.8…
Cambodia – Mass and premium play drive 99 per cent increase in NagaWorld’s GGR
The Cambodian integrated resort NagaWorld, owned by NagaCorp, experienced a 99.5 per cent jump in GGR to US$445.9m in 2022, driven by a spectacular rebound in the mass market gaming sector. Net Profit came in at US$107.3m, reversing a loss of US$47m in 2021, with EBITDA surging from US$15.6m to US$245.4m. During the year, the…
Cambodia – Gaming revenue up by 9.2 per cent for NagaWorld during first half of 2022
NagaWorld, which owns, manages and operates Phnom Penh’s only integrated hotel-casino entertainment complex with a 51-year monopoly within a 200 km radius, reported GGR of US$237.4m during the first half of the year with profits of US$52.7m. The operator stated: “Given the Group’s deep and resilient market with strong focus on the captive domestic market,…
Russia – NagaCorp suspends development of its Vladivostok casino project
Cambodia-based casino group NagaCorp has announced the ‘indefinite suspension’ of its huge casino project in the Entertainment Zone of the Primorye Region near the port of Vladivostok in Russia’s Far East. The resort was being built in three phases, with the first phase which saw an investment of up to US$200m breaking ground five years…
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 – 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 – NagaWorld’s mass gaming revenues back to 99 per cent of pre-pandemic level
NagaCorp has said it has seen a full recovery of its mass gaming at its NagaWorld casino in the Cambodian capital of Phnom Penh with a return to 99 per cent of the revenues achieved before the pandemic. It said the NagaWorld ‘continued to record recovery of the gaming business volumes in the first quarter…
