NagaWorld reports positive recovery in mass market for Q1

NagaWorld was the centre of a Covid-19 outbreak in February.
NagaWorld was the centre of a Covid-19 outbreak in February.

NagaWorld has reported that average daily mass table game buy-ins reached US$3.74m in the first quarter of the year.

Cambodia.- The Cambodian integrated resort NagaWorld has shown some sign of recovering during the first three months of the year with a 99.4 per cent increase in average daily mass table game buy-ins compared to the first quarter of 2020.

Casino operator and developer NagaCorp also reported average daily volume from electronic gaming machines (EGMs) reached US$5.44m, which represents a 98.5 per cent increase compared to the same period in the previous year.

NagaWorld’s recovery was interrupted after the so-called “February 20 Incident”, in which four Chinese nationals bribed their way out of a quarantine hotel and visited a series of nightclubs. Two of them later tested positive.

A few weeks later, the casino complex in Cambodia’s capital suspended operations after 11 staff members tested positive during mass testing.

According to the company, daily average buy-ins for mass tables and EGMs before the incident were up by 5.2 per cent and 3.6 per cent respectively compared to the second half of 2020.

NagaCorp stated: “The recovery of the mass market segment business volumes was largely contributed by a reasonably sized expatriate community and to some extent, visitors from East Asia (mainly from China, South Korea and Taiwan) patronizing NagaWorld in search of entertainment.”

NagaWorld reported GGR of US$127.3m for the three months to March 31, with US$80.5m coming from VIP rolling, US$29.7m from mass tables and US$17.1m from EGMs.

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