10/23/23 NagaCorp loan a positive step amid refinancing risk, Moody’s says Analysts say the US$80m loan is a positive, but the company remains exposed to refinancing risk.
10/18/23 NagaCorp secures US$80m loan to refinance debt NagaCorp has secured a loan at 8 per cent interest from the Chen family’s trust.
10/04/23 NagaCorp posts GGR of US$379m for first nine months of 2023 Gross gaming revenue was up 12.1 per cent year-on-year.
09/29/23 NagaCorp EBITDA unlikely to return to pre-Covid-19 levels until 2025, analysts say Citigroup blames the demise of the VIP junket sector.
07/24/23 Morgan Stanley: NagaCorp likely to refinance US$470m bond According to analysts, the casino operators “planned capital expenditure is US$60m for second-half 2023 and US$20m for first-half 2024”.
07/20/23 NagaCorp posts net profit of US$83m for H1 NagaCorp’s net profit in the first half of the year was up 57.4 per cent from a year ago.
06/13/23 Moody’s downgrades NagaCorp corporate family rating to B3 The decision was due to he company’s “lack of refinancing progress”.
06/05/23 NagaCorp pushes Naga 3 casino project back to 2029 NagaCorp has pushed back the completion of its next NagaWorld phase due to the “external geopolitical macroeconomic environment”.
04/24/23 NagaCorp approves dividend payout for 2022 NagaCorp shareholders have approved a scrip dividend payout of US$0.0075 per share.
04/04/23 NagaCorp GGR up 6.8% in Q1 NagaCorp’s gross gaming revenue reached US$117m due to “generally lower” win rates.
03/03/23 Moody’s puts NagaCorp’s ratings under review for downgrade Moody’s says it may change its outlook to negative due to NagaCorp’s US$472m bond due in July 2024.
02/14/23 Analysts expect NagaCorp may have to refinance 2024 bonds Morgan Stanley Asia made the analysis based on the expected pace of recovery in Cambodia’s gaming market.
02/09/23 NagaCorp posts GGR of US$445.9m for FY22 Nagacorp’s gross gaming revenue grew 99.5 per cent on year-on-year terms.
