Skip to Content

Tag Archives: NagaCorp

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…

Cambodia – NagaCorp looking to sell notes to investors in Asia and Europe

Cambodian casino operator NagaCorp is thinking of offering notes to investors to increase its liquidity, but says it has enough cash reserves on hand to last a year and a half on minimal revenue. The operator said: “The company proposes to conduct an international offering of the Notes to investors in Asia and Europe. In…