{"id":15596,"date":"2021-03-08T15:40:29","date_gmt":"2021-03-08T15:40:29","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15596"},"modified":"2026-04-23T21:17:32","modified_gmt":"2026-04-24T00:17:32","slug":"nagacorp-reports-us101-4m-profit-for-2020","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-reports-us101-4m-profit-for-2020","title":{"rendered":"NagaCorp reports US$101.4m profit for 2020"},"content":{"rendered":"\n<p>NagaCorp has reported a profit for the full-year 2020 despite the impact of the Covid-19 pandemic.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.- Casino operator NagaCorp has reported <strong>net profit of US$101.4m for its 2020 financial year<\/strong> as revenues fell 49.9 per cent year-on-year to US$878.7m, down from US$1.76bn in 2019.<\/p>\n\n\n\n<p><strong>Traditional table games were the primary source of income<\/strong>, accounting for US$787.3m of revenue. <strong>Electronic table games<\/strong> generated US$82.4m. <\/p>\n\n\n\n<p>Full-year <strong>EBITDA for 2020 came in at US$265.2m<\/strong>.<\/p>\n\n\n\n<p>NagaCorp, which<strong> operates Naga World casino resort in Cambodia<\/strong>, said: \u201cSince the re-opening of the casino businesses on 8 July, NagaCorp has recorded an<strong> initial recovery rate of about 95 per cent for the mass market segment and about 69 per cent for the VIP market segment<\/strong>\u201d.<\/p>\n\n\n\n<p><strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/cambodia-close-casinos\" target=\"_blank\">Nagaworld resort had to shut from April until July 2020<\/a><\/em> <\/strong>following <strong>Covid-19 restrictions<\/strong>.<\/p>\n\n\n\n<p>The temporary suspension of activities generated<strong> a decrease in the cost of sales at US$451.7m<\/strong>, half the US$909.2m cost of sales recorded in the previous year.<\/p>\n\n\n\n<p>Nagaworld has recently had to close its doors again after <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/cambodia-nagaworld-closed-as-employees-test-positive-for-covid-19\" target=\"_blank\">employees tested positive for Covid-19<\/a><\/em>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NagaCorp has reported a profit for the full-year 2020 despite the impact of the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":15597,"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 net profit of US$101.4m for its 2020 financial year, despite a 49.9% year-on-year revenue decline to US$878.7m, primarily due to the Covid-19 pandemic's impact on its NagaWorld resort in Cambodia. The operator demonstrated resilience with strong recovery rates post-reopening, though recent re-closures due to new outbreaks present renewed operational challenges.","focusai_entities":"NagaCorp, NagaWorld","focusai_location":"Hong Kong, Cambodia","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"NagaCorp FY2020 Profit Drivers","query":"What specific cost containment measures and revenue diversification strategies enabled NagaCorp to achieve profitability in FY2020 despite a near 50% revenue contraction?"},{"label":"Market Segment Resilience","query":"How do the differential recovery rates between NagaCorp's mass market (95%) and VIP market (69%) segments reflect broader shifts in player demographics or spending patterns post-pandemic?"}],"footnotes":""},"categories":[163,158,16333],"tags":[2336,21297],"class_list":["post-15596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-slider-home","category-south-east-asia-news","tag-nagacorp","tag-nagaworld"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15596","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15596"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15596\/revisions"}],"predecessor-version":[{"id":15607,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15596\/revisions\/15607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15597"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}