NagaCorp GGR rises in Q1
Gross gaming revenue was up 17.7 per cent in year-on-year terms.
Cambodia.- The casino operator and developer NagaCorp has shared its results for the first quarter of the year. It posted gross gaming revenue (GGR) of US$171m, up 17.7 per cent year-on-year. Net gaming revenue was US$148.2m, an increase of 20.6 per cent.
Table buy-ins and slots bills-in for Mass Market Tables increased by 4.8 per cent to US$997m. GGR for this segment grew by 17.9 per cent from US$92.4m to US$109m.
Premium VIP Market rollings rose 72.6 per cent to US$2.01bn. Premium VIP GGR stood at US$42.86m, up 20.6 per cent. The VIP referral segment experienced an increase, with GGR rising by 11 per cent to US$19.28m.
For full-year 2024, NagaCorp posted GGR of US$542.9m, up 5.5 per cent year-on-year. Net gaming revenue was US$480.3m, an increase of 8 per cent in year-on-year terms. The casino operator posted net profit of US$109.6m, down by 38.3 per cent in year-on-year terms mainly due to a non-cash impairment loss of US$89.1m related to the company’s Vladivostok project. Unaudited preliminary earnings before interest, tax, depreciation and amortisation (EBITDA) were US$202.8m, down 31.3 per cent year-on-year.
