Tag Archives: NagaWorld
Cambodia – NagaCorp sets its sights on Macau with Naga3 development
Cambodian casino group NagaCorp has said it is ready to take on the casinos of Macau with its latest US$3.5bn investment into its NagaWorld casino in the capital of Phnom Penh. NagaCorp Chairman Tim McNally confirmed the operator will start the build of Naga3 in late September or early October. He added: ““We have a…
Cambodia – Naga 3 could bring 800 extra tables to Phnom Penh
Despite its revenues for the first quarter of 2019 being up another 32 per cent, to add to group record revenues in 2018 of US$1.43bn, an increase of 54.9 per cent, NagaCorp is going all in on an expansion that aims to make it ‘the largest comprehensive, multi-entertainment riverine integrated resort’ in the world. The…
Cambodia – NagaCorp looks at Chinese junkets to boost 2019 revenue
Having seen mass gaming and the run away success of Naga 2 push its revenues over the US$1.43bn mark, an increase of 54.9 per cent on last year’s GGR, Cambodian operator NagaWorld said ‘all top four Macau mega junkets will operate in Naga2 by 2019.’ The casino recorded an increase in net profit of 53…
Cambodia – Revenues at NagaWorld surpass $1bn so far in 2018
Riding on the successful opening of Naga2 in November 2017, Cambodian operator Naga Corp the operating force behind NagaWorld, the only casino in the capital of Phnom Phen, has continued its trajectory of growth, smashing the $1bn mark for the first nine months of the year. The operator said that for the first nine months…
Cambodia – Chinese ex-pats take NagaWorld to full capacity with 85 per cent revenue growth
With more and more Chinese companies investing in Cambodia, Phnom Penh has seen an influx of ex-pat Chinese living in it, which is one of the main reasons that revenues at the capital’s only casino have surged by 85 per cent in the first half of 2018. The operator was well placed for the increase…
Cambodia – VIP outpaces mass as NagaWorld records revenue growth of 85 per cent
A spectacular year last year saw NagaWorld, located in the Cambodian capital city of Phnom Penh, continue to achieve impressive GGR growth of 85 per cent with VIP gaming surging past mass as the main source of income. VIP now accounts for with 65 per cent of the resort’s GGR compared to just 42 per…
Cambodia – Gaming revenues up by 40 per cent at NagaWorld
Stable growth in the Cambodian economy helped NagaCorp, operator of NagaWorld, the entertainment centre of the Mekong Region in the Cambodian capital Phnom Penh, increase its GGR in the first half of the year by 40 per cent to US$386.8m. EBITDA increased 19 per cent whilst net profit increased by 20 per cent to US$150.6m….
Cambodia – GGR up four per cent at NagaWorld
NagaWorld, located in the Cambodian capital city of Phnom Penh, recorded GGR growth of four per cent in 2016 compared to a three per cent decline for Macau. Net profit increased by seven per cent to US$184.2m. NagaWorld had 241 gaming tables and 1,648 EGM in place. NagaCorp Chairman Timothy McNally said; “We are pleased…
Cambodia – NagaCorp eyes 2017 opening for Naga2
NagaCorp, the operator of the only casino in Cambodia’s capital Phnom Penh, has confirmed it will open its new casino, Naga2, next year, with 200 gaming tables and up to 1,000 slot machines. With the existing NagaWorld complex reaching full capacity on a regular basis, NagaCorp decided to develop Naga2, costing US$369m, which will be…
