{"id":31882,"date":"2022-07-19T04:39:52","date_gmt":"2022-07-19T07:39:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31882"},"modified":"2026-04-23T06:44:58","modified_gmt":"2026-04-23T09:44:58","slug":"nagacorp-posts-ggr-of-us237-4m-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-posts-ggr-of-us237-4m-for-h1","title":{"rendered":"NagaCorp posts GGR of US$237.4m for H1"},"content":{"rendered":"\n<p>NagaCorp has shared its financial and operating results for the six months ended June 30.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.- Casino operator and developer\u00a0<strong>NagaCorp<\/strong>\u00a0has shared its operating results for the first half of the year. It posted gross gaming revenue of US$52.7m, up 83.6 per cent when compared to H1 in 2021.<\/p>\n\n\n\n<p>The company reported earnings before interest, tax, depreciation and amortization (EBITDA) of US$130.1m and a net profit of US$52.7m compared with\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/nagacorp-posts-losses-of-us77-2m-for-h1\" target=\"_blank\">a US$77.2m loss for the first half of 2021<\/a>. NagaCorp&#8217;s total revenue was US$243m, up 86.3 per cent from US$130.4m.\u00a0<\/p>\n\n\n\n<p>GGR from the VIP market declined 72.1 per cent to US$17.2m while mass-market table GGR\u00a0was up 245.8 per cent to US$103.3m. Premium mass-market table GGR reached US$61.3m during the first half of the year.<\/p>\n\n\n\n<p>Electronic table game operations revenue was <strong>up 193 per cent<\/strong>\u00a0to US$55.5m. Hotel room income, including sales of food and beverages was US$5.6m. The group\u2019s cash and deposits have increased from US$125.1m as of December 31 to US$212.9m as of June 30.<\/p>\n\n\n\n<p>The company said: &#8220;The widespread effects of Covid-19 have brought unprecedented challenges and uncertainties to the global market. However, the extensive vaccination coverage against Covid-19 has enabled Cambodia to\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/cambodia-eases-entry-requirements-for-tourists\" target=\"_blank\">reopen borders for all socio-economic activities and tourism<\/a>, leading to positive economic prospects in 2022 and 2023.&#8221;<\/p>\n\n\n\n<p>NagaCorp has confirmed it<strong>\u00a0continues to focus on the execution of its existing development projects<\/strong>. The development of Naga 3 is in progress. It is expected that the combined complex of NagaWorld (Naga 1, Naga 2 and Naga 3) will have approximately 5,000 hotel rooms, 1,300 gaming tables and 4,500 EGM and many other non-gaming attractions.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NagaCorp has shared its financial and operating results for the six months ended June 30.<\/p>\n","protected":false},"author":176,"featured_media":18779,"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 financial recovery in H1 2022, achieving US$52.7m in net profit and an 83.6% increase in GGR to US$52.7m, reversing a prior-year loss. This performance was primarily driven by significant growth in mass-market and electronic table game GGR, offsetting a decline in VIP revenue, amidst Cambodia's post-COVID border reopening. The company continues its strategic development of Naga 3, aiming to expand its integrated resort complex.","focusai_entities":"NagaCorp","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP GGR Strategy?","query":"Given the significant decline in VIP GGR, what specific strategies is NagaCorp implementing to mitigate this segment's underperformance and what is the long-term outlook for VIP recovery in Cambodia?"},{"label":"Naga 3 ROI & Alignment?","query":"How does the current capital expenditure plan for Naga 3 align with the observed shift towards mass-market and ETG revenue, and what is the projected return on investment for this expanded capacity?"}],"footnotes":""},"categories":[163,158,16333],"tags":[2336,21297],"class_list":["post-31882","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\/31882","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=31882"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31882\/revisions"}],"predecessor-version":[{"id":31903,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31882\/revisions\/31903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18779"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}