During the first three months of the year<\/a>, the 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\nPremium 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\nAs previously reported by Focus Gaming News, NagaCorp has changed its senior-level management by adding three CEOs: founder Chen Lip Keong\u2019s sons. Lip Keong is now the senior chief executive of the company.<\/p>\n\n\n\n
Chen Yiy Fon has been appointed as CEO of operations; Chen Cherchi as CEO of finance and treasury and Chen Yiy Hwuan as CEO of hotels. The company said the move aimed to\u00a0inject new vitality into management<\/strong>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The new area will focus on premium mass-market players, not the junket segment.<\/p>\n","protected":false},"author":176,"featured_media":0,"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's NagaWorld resort in Cambodia is launching a new premium mass-market gaming area in Q3\/Q4, reallocating existing space to target higher-value players with table minimums from US$200. This strategic shift moves away from the junket segment, aiming to enhance customer interaction and segment players. The announcement follows Q1 results showing a GGR decline but NGR growth, particularly in premium mass and VIP segments, and a significant senior management restructuring with the founder's sons taking key CEO roles.","focusai_entities":"NagaCorp Ltd, NagaWorld, GGRAsia, Focus Gaming News, Chen Lip Keong, Chen Yiy Fon, Chen Cherchi, Chen Yiy Hwuan","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), product_ux (0.7), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Premium Mass ROI","query":"What is the projected return on investment and anticipated incremental NGR from the new premium mass-market gaming area, considering the capital reallocation and operational adjustments?"},{"label":"Governance Impact","query":"How will the expanded senior CEO structure, particularly with the founder's sons in key operational and financial roles, impact NagaCorp's long-term governance framework and strategic execution?"}],"footnotes":""},"categories":[157,16333],"tags":[21297],"class_list":["post-30699","post","type-post","status-publish","format-standard","hentry","category-business-news","category-south-east-asia-news","tag-nagaworld"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30699","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=30699"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30699\/revisions"}],"predecessor-version":[{"id":30733,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30699\/revisions\/30733"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}