Supplier News
Cambodia – NagaWorld sees another 35 per cent jump in revenues
By Phil - 5 April 2016
NagaCorp, the operator of the only casino in Cambodia’s capital of Phnom Penh; NagaWorld, has reported that the first quarter of 2016 has carried on in even better form as the previous year.
GGR came in at US$153.8m for the three months ending March 31, marking an improvement of 35 per cent compared to the first quarter of 2015. 2015 as a whole saw an increase of 26.8 per cent.
The first quarter surge was aided by a 65 per cent improvement in VIP rolling chip turnover which hit US$2.79bn.
In in a voluntary yet brief filing to the Hong Kong Stock Exchange, NagaCorp outlined that revenue from mass electronic gaming machines came in at US$381.1m showing an increase of 32 per cent on last year’s first quarter whilst revenue from the mass public floor reached US$149.9m, showing a 15 per cent improvement.
NagaWorld operates 200 VIP tables, 87 mass gaming tables and 1,656 electronic gaming machines.
The group gave no reasons for the marked improvement or any indication of profit.
