Tag Archives: NagaCorp
Cambodia – NagaWorld sees another 35 per cent jump in revenues
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…
Cambodia – Chinese players help NagaWorld to 26 per cent rise in revenue
NagaCorp, which owns NagaWorld in the Mekong Region of Cambodia, saw its GGR increase by 26 per cent to US$480.6m in 2015 with profits up by 27 per cent. Mass Market Revenue increased by 33 per cent to US$257.7m whilst VIP Revenue increased by 19 per cent to US$222.9m. The company’s results were boosted by…
Cyprus – Five operators named so far in Cyprus tender
Six major firms from the US, Malaysia, South Africa, Cambodia and France have officially lodged their interest in bidding for the licence to build and operate a casino resort in Cyprus. Government sources in Cyprus have confirmed that five of the six operators include Genting, Hard Rock, Sun International, NagaCorp and Bouygues from France. Each…
Cambodia – NagaCorp booms in face of Macau slide
Cambodian operator Nagacorp has shown no signs of slowing in light of declining markets in Macau and Singapore with the operator of NagaWorld showing an increase of 42 per cent in Gross Gaming Revenues for the six months ended June 30 2015. GGR hit the US$255m mark with VIP revenue increasing by 25 per cent…
Russia – Nagacorp breaks ground on Primorye project
Cambodian-based operator NagaCorp has started construction work on its casino resort in the Entertainment Zone of the Primorye Region in Russia’s Far East for a project which it is believed will be called Seaside Entertainment Resorts City. A ground breaking ceremony was held at the site, near the port of Vladivostok, which was attended by…
Cambodia – NagaCorp underlines exclusivity rights
Timothy McNally, the Chairman of Cambodia’s NagaCorp, has released a voluntary statement from the company that underlines its exclusive licence rights in the country. Seeking to reassure investors that nothing has changed to affect its exclusivity deal with the Cambodian government, Mr. McNally released a statement this week to clarify its position, noting first that…
Cambodia – Nagacorp to launch private jet service
Nagacorp, the operator behind NagaWorld; Cambodia’s largest casino, is to launch its own fleet of jet aircraft to transport players to Phnom Penh as it looks to double its quota of Chinese VIPs. It is also constructing a US$15m VIP terminal at Phnom Penh International Airport which ‘will be located at a different location from…
Cambodia – Nagaworld grows GGR by 24 per cent
Cambodia’s leading casino; NagaWorld, has continued to generate strong operational and financial results with revenue increasing by 24 per cent to US$344.9m and net profit increased by 24 per cent to US$140.3m for the year ended 31 December 2013. NagaCorp ChairmanTimothy McNally said: “The Mass Market continued to generate a high margin of 95 per…
Russia – NagaCorp targets Primorye
Cambodian casino developer, NagaCorp Ltd., has become the second major player to announce its plans to develop a casino project in the Primorye entertainment zone in Russia, a region close to the port city of Vladivostok that would be allowed to host casino-resorts in Russia. This entertainment zone is one of four legal casino zones…
