Tag Archives: NagaWorld
Cambodia – Entertainment Gaming Asia pulls out of NagaWorld
Entertainment Gaming Asia is selling all 670 of its electronic gaming machine (EGM) seats placed at NagaWorld Casino to a third-party in Cambodia for $2.5m. The purchase price is payable by the purchaser in full in cash on completion of the sale. Prior to the sale, the company had leased EGMs to NagaWorld and that…
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…
Cambodia – Entertainment Gaming Asia enjoys year of growth
Despite a disappointing fourth quarter, Entertainment Gaming Asia reported revenue for the year of $31.5m, an increase of 41 per cent compared to $22.4m for the 2014 fiscal year due to increases in both the gaming operations and gaming products business divisions. The increases were due to improvements in the Cambodia operations partially offset by…
Asia – New casinos boost supply side of Entertainment Gaming Asia
New casinos might have hampered the operational side of Entertainment Gaming Asia but they have also helped boost the supply side. Overall the company recorded revenues of $8.3m for the third quarter of 2015, an increase of 88 per cent compared to $4.4m in the third quarter of 2014. The swing was due to increases…
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…
Cambodia – Entertainment Gaming Asia sees marked first quarter improvement
Entertainment Gaming Asia has reported revenues of $8.3m for the first quarter of 2015, an increase of 76 per cent compared to $4.7m in the first quarter of 2014 due to increases in both the gaming operations and gaming products business divisions. Gaming operations revenue was $4m for the first quarter of 2015, an increase…
Cambodia – Cambodia looking to double casino tax as NagaWorld’s VIP booms
Cambodia’s National Assembly is hoping to approve a new casino bill before the end of 2015, which should see taxation double whilst internationalising the sector’s standards. The amendments should also benefit the sector by improving Cambodia’s appeal to the much sought after Chinese gambler. Ros Phearun, Deputy Director of Finance for the Ministry of Economy…
Cambodia – Indo Pacific Gaming and Kiron Interactive to provide Keno Games to Naga World
Indo Pacific Gaming and Kiron Interactive have signed a strategic alliance to supply a Keno gaming system to Naga World Casino in Phnom Penh, Cambodia. An agreement has been signed with Naga World Casino to provide a gaming system that will provide Keno Games to the Casino. The Keno Gaming Transactional System being proposed for…
