NagaCorp has released its financial results for the first quarter of the year 2022, reporting a drop in gross gaming revenue but increase in EBITDA.<\/p>\n\n\n\n\n\n\n\n
Cambodia.- Casino operator and developer\u00a0NagaCorp<\/strong>\u00a0has shared its operating results for the first quarter of the year 2022.\u00a0The company posted gross gaming revenue of US$109.9m, a decline of 13.7 per cent when compared to Q1 in 2021. However new gaming revenue was up at US$1.08m.<\/p>\n\n\n\n NagaCorp reported earnings before interest, tax, depreciation and amortization (EBITDA) of US$60.5m, up 83.3 per cent quarter-on-quarter<\/strong> and 57.4 per cent year-on-year. Mass-market table games saw average daily net gaming revenue of US$572,000 and mass-market electronic gaming machines US$280,000.<\/p>\n\n\n\n Premium mass-market daily net gaming revenue<\/strong>\u00a0was US$212,000, up 16.5 per cent, while the VIP average daily net gaming revenue was US$13,000, up 62.5 per cent quarter-on-quarter.<\/p>\n\n\n\n The company said its business environment continues to improve\u00a0<\/strong>amid a decline in new Covid-19 cases in Cambodia and\u00a0an easing of pandemic-related international travel restrictions<\/a>\u00a0in Southeast Asian countries.<\/p>\n\n\n\n NagaCorp said: “The company currently believes that travellers from these potential markets and the traveller-friendly policies by the Cambodian government will help to restore the tourism industry in Cambodia in 2022 and hence, drive up the headcounts in our properties.”<\/p>\n\n\n\n The company reported that 4.1 million domestic travellers were recorded in the first 34 days of 2022.<\/p>\n\n\n\n Last week, another 140 people were arrested for breaching Covid-19 health protocols. They were reportedly taken to an isolation centre on the outskirts of Phnom Penh for quarantine before being released a few hours later.<\/p>\n\n\n\nMore NagaWorld workers arrested during strike action<\/h2>\n\n\n\n