Operator News

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 of 2021, prior to 20 February 2021 COVID-19 community spread incident, public floor tables average daily buy-ins and electronic gaming machines average daily bills-in recorded
recovery rate (compared to the period of 1Q2020) of about 99 per cent.’

“Furthermore, Mass Market segment average daily volume recorded positive sequential growth compared to the second half of 2020, which reflects the gradual growth trend observed, whereby public floor table average daily buy-ins and EGM average daily bills-in grew by 5.2% and 3.6%, respectively, compared to the respective average daily volume recorded in 2H2020. The recovery of the Mass Market segment business volumes was largely contributed by a
reasonably sized expatriate community and to some extent, visitors from East Asia (mainly from China, South Korea and Taiwan) patronising NagaWorld in search of entertainment. With its attractive and quality facilities and located strategically in the city-centre, NagaWorld has since its inception been the focal point of leisure and entertainment activities in Phnom Penh, Cambodia. Despite the regional travel restrictions and reduction in most international flights, the Group’s
Mass Market segment remains stable.”