The company has revealed that it recovered 97 per cent of its mass-market gaming segment volumes in the August-September.<\/p>\n\n\n\n\n\n\n\n
Hong Kong.- Casino operator and developer NagaCorp has revealed that it saw a \u201crelatively good recovery and sustenance\u201d of average daily gaming volumes in the two months ending\u00a0September 30. <\/p>\n\n\n\n
The company runs the NagaWorld casino complex in Cambodia\u2019s capital, Phnom Penh. It has an exclusive licence to operate casinos in Phnom Penh and its surroundings.<\/p>\n\n\n\n
Despite undergoing a long closure starting in April due to Covid-19 measures, the company has seen good results since being allowed to reopen its VIP gambing tables and slot machines on July 8, and mass market gaming tables on July 19.<\/p>\n\n\n\n
According to the company’s filing, the average daily business volumes for its mass-market gaming segment in August-September recovered to 97 per cent of the average seen in the first quarter of 2020 before the closure of the casino in April.<\/p>\n\n\n\n
The operator said the daily average of mass-market table buy-ins stood at US$3.50 million for the August-September period, compared to US$3.76 million in the opening quarter of 2020. Average daily volume from electronic gaming machines (EGMs) was back to regular levels, at US$5.54 million, it added.<\/p>\n\n\n\n
VIP rolling chip turnover daily volume was nearly US$76.10 million in the two\u00a0months to September 30, versus US$106.5 million in the first quarter.<\/p>\n\n\n\n
NagaCorp said: \u201cAfter reopening of casino operations in July 2020, the premium-mass segment has been the key mass-market revenue growth driver”.<\/p>\n\n\n\n
The company said the recovery in VIP business volume has been “largely driven by a sizable number of expatriates currently living and conducting business in Cambodia.\u201d<\/p>\n\n\n\n
It added: \u201cThe group has observed repeating VIP customers and new clientele pool within both the junket hall as well as direct VIP player gaming hall.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The company has revealed that it recovered 97 per cent of its mass-market gaming segment volumes in the August-September.<\/p>\n","protected":false},"author":2,"featured_media":10611,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"NagaCorp reported a robust recovery in its gaming volumes for August-September 2020, with mass-market segments reaching 97% of pre-closure levels and electronic gaming machines returning to regular daily volumes. This rebound, following its July reopening, was significantly driven by the premium-mass segment and expatriate clientele in Cambodia, despite VIP rolling chip turnover remaining below Q1 2020 figures.","focusai_entities":"NagaCorp, NagaWorld","focusai_location":"Hong Kong, Cambodia, Phnom Penh","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Segment Strategy","query":"What specific strategic initiatives is NagaCorp implementing to fully restore VIP rolling chip turnover to pre-pandemic levels, particularly given the reliance on expatriate clientele?"},{"label":"Mass Market Sustainability","query":"How sustainable is the current mass-market recovery, and what are NagaCorp's projections for GGR growth in this segment given potential shifts in consumer behavior or regional travel restrictions?"}],"footnotes":""},"categories":[160,161,16338,163],"tags":[1619,2336],"class_list":["post-10608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-daily-news","category-east-asia-news","category-finance-news","tag-hong-kong","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10608"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10608\/revisions"}],"predecessor-version":[{"id":10617,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10608\/revisions\/10617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10611"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}