Tag Archives: NagaCorp
Cambodia – NagaCorp named as Most Honored Company by Institutional Investor
NagaCorp, which owns, manages and operates NagaWorld, the entertainment centre of the Mekong Region of the Cambodian capital of Phnom Pen, has received outstanding accolades and been granted the coveted Most Honored Company recognition by the renowned financial publication Institutional Investor for exceptional leadership and investor relations, including “Best Investor Relations”, “Best CEO”, “Best CFO”, “Best IR…
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 – 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…
Cambodia – NagaWorld back up to 95 per cent of pre-pandemic mass revenue
Since the re-opening of the casino businesses on July 8 2020, NagaCorp recorded an initial recovery rate, compared to the pre-closure period of 1Q2020, of about 95 per cent for the Mass Market Segment and about 69 per cent for the VIP Market Segment. The satisfactory recovery of the gaming business volumes and revenues was…
Cambodia – NagaWorld closes in Cambodia following 11 cases of COVID-19
NagaCorp has said it has volunteered to ‘temporarily suspend its business for a more thorough review of its precautionary and preventive measures’ following 11 cases of COVID-19 being reported at its NagaWorld casino in Phnom Penh over the weekend. A spokesperson said: “On or around February 27 2021, the company offered about 3000 employees for…
Cambodia – NagaCorp launches new non-gaming resort called Angkor Lake of Wonder
NagaCorp has signed up two architect firms; US-based Steelman Partners and Genslera to develop a non-gaming resort called Angkor Lake of Wonder on a prime piece of development land, south of the outer restricted zone of the world-famous Angkor Wat in Siem Reap, Cambodia. The group sees an opportunity to cross-sell between customers of Angkor…
Cambodia – NagaWorld already back to 91 per cent of pre-COVID revenue levels
Cambodia casino operator NagaCorp has confirmed its solid recovery following the reopening of NagaWorld in Phnom Penh, with their three combined segments of its gaming revenue streams back to 91 per cent of pre-COVID GGR at US$1.7m per day. The group said: “The COVID-19 virus has affected and significantly slowed down regional tourism. However, the…
Cambodia – NagaWorld’s GGR jumps 15 per cent despite COVID closures
Despite the disruption caused by the coronavirus pandemic, Cambodia’s NagaWorld has bounced back to form quickly saying its ‘revenues were relatively stable, despite the impact of the temporary closure of the casino operation.’ The Group delivered an increase of 15 per cent in GGR (in 1Q2020) and generated positive EBITDA and net profit during the…
