Tag Archives: NagaWorld
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 – 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…
Cambodia – Architect releases renderings of Naga3’s Vertical City
Skidmore, Owings & Merrill, the Chicago-based architect behind the design and construction of NagaWorld’s Naga3, has released new images of how the US$3.5bn expansion will look, saying it ‘will be the most important landmark for the city in the years to come.’ Naga3 will see three towers added to the existing casino in the Cambodian…
Cambodia – NagaCorp signs ten year extension taking exclusivity to 2045
NagaCorp has signed a ten-year extension of its exclusivity deal to operate casinos in the Cambodian capital of Phnom Penh. It has signed the Second Addendum Agreement between The Royal Government of Cambodia and Ariston, a company incorporated in Malaysia which is a wholly-owned subsidiary of NagaCorp. Under the terms of the Agreement, NagaCorp is…
Cambodia – NagaWorld’s gaming revenue up 28.5 per cent so far in 2019
NagaCorp ‘continued its journey of growth’ with NagaWorld in the Cambodian capital of Phnom Penh enjoying a 28.5 per cent surge in its GGR during the first nine months of the year. Revenue has come in at US$1.29bn, marking a 20 per cent increase, whilst net gaming revenue increased by 28.5 per cent to US$616.3m…
Cambodia – Kambi and NagaWorld strengthen and renew sportsbook cooperation
Kambi has signed a multi-year extension of their sportsbook agreement with NagaWorld, strengthening a retail cooperation which extends across NagaWorld’s two flagship properties in Cambodia. As part of the long-term renewal, Kambi will increase the selection of live events it supplies to NagaWorld, with the hotel and entertainment group looking to build upon the year-on-year…
