{"id":17022,"date":"2021-04-20T16:10:47","date_gmt":"2021-04-20T16:10:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17022"},"modified":"2026-04-23T20:14:59","modified_gmt":"2026-04-23T23:14:59","slug":"nagacorp-reports-revenue-of-us878-7m-for-2020","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-reports-revenue-of-us878-7m-for-2020","title":{"rendered":"NagaCorp reports revenue of US$$878.7m for 2020"},"content":{"rendered":"\n<p>NagaCorp delivered stable financial results for 2020 despite the temporary closure of its casino operations in Cambodia due to the Covid-19 pandemic.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.- Casino operator and developer<strong>\u00a0NagaCorp\u00a0<\/strong>has reported\u00a0<strong>Gross Gaming Revenue of US$878.7m\u00a0<\/strong>for the year 2020, against US$1.8bn recorded in 2019.<\/p>\n\n\n\n<p>The casino operator also reported&nbsp;<strong>a net profit of US$102.3m and a gross profit of US$427m<\/strong>, compared to US$846.3m the previous year.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/cambodia-close-casinos\">NagaCorp faced a temporary closure of its Cambodian property for over three months<\/a>\u00a0and a reduced level of tourist visits throughout the year. However, the company\u00a0<strong>expects 2021 to be better\u00a0<\/strong>after the country&#8217;s creation of travel bubbles and the start of Covid-19 vaccination programmes.\u00a0<\/p>\n\n\n\n<p>NagaCorp said it had seen <strong>an increase in gross gaming revenue <\/strong>from the premium mass segment during the fourth quarter of 2020.<\/p>\n\n\n\n<p><strong>NagaWorld\u00a0<\/strong>reported a<strong>\u00a0<\/strong><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/nagaworld-reports-positive-recovery-in-mass-market-for-q1\">99.4 per cent increase in average daily mass table game buy-ins during the first quarter of 2021<\/a><strong>\u00a0<\/strong>compared to the first quarter of 2020.<\/p>\n\n\n\n<p>However,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/century-delays-cambodian-mass-gaming-table-business-until-april\" rel=\"noreferrer noopener\">the casino complex in Cambodia\u2019s capital remains closed since February<\/a>&nbsp;after&nbsp;<strong>11 staff members tested positive&nbsp;<\/strong>during mass testing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NagaCorp delivered stable financial results for 2020 despite the temporary closure of its casino operations in Cambodia due to the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":17023,"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 significant decline in 2020 Gross Gaming Revenue (GGR) to US$878.7m and net profit to US$102.3m, primarily due to pandemic-induced operational closures and reduced tourism in Cambodia. Despite a Q4 2020 premium mass segment recovery and strong Q1 2021 mass table game buy-in growth, the NagaWorld complex remains closed since February 2021 due to staff infections, impacting its 2021 recovery projections. The company anticipates a better 2021 with travel bubbles and vaccination programs.","focusai_entities":"NagaCorp, NagaWorld","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"NagaCorp 2021 Outlook","query":"What specific operational and regulatory hurdles must NagaCorp overcome to achieve its projected 2021 recovery, particularly given the ongoing closure of NagaWorld since February?"},{"label":"Premium Mass Resilience","query":"How does the reported resilience of NagaCorp's premium mass segment in Q4 2020 inform broader market strategies for high-value player retention amidst sustained operational disruptions?"}],"footnotes":""},"categories":[157,158,16333],"tags":[23907,2336],"class_list":["post-17022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-land-based-casino","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17022","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=17022"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17022\/revisions"}],"predecessor-version":[{"id":17045,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17022\/revisions\/17045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17023"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}