Casino operator saw GGR rise 20 per cent in the final three months of the year to US$1.7billion. <\/p>\n\n\n\n\n\n\n\n
Cambodia.- NagaCorp has announced strong financial results across the board for the final three months of 2019, seeing GGR increase 20 percent to US$1.7 billion.<\/p>\n\n\n\n
EBITDA increased by 31 percent to US$671.7 million and net profit rose 33 percent to US$521.3 million driven by both VIP and mass market segments registering major gains during the period.<\/p>\n\n\n\n
“The increase in FDI, strong domestic business activities and business travel helped drive visitation to NagaWorld, resulting in increased business volume,” the operator said in a statement. <\/p>\n\n\n\n
“Furthermore, the much-anticipated casino law is expected to be promulgated within 2020, further strengthening the regulatory environment which has been improving in recent years. <\/p>\n\n\n\n
“The Group is confident that it will continue to enjoy the benefits of long-term win-win private public partnership initiative which further fuels the growth of tourism to Cambodia,” it added. <\/p>\n\n\n\n
On the Coronavirus impacting Asia and beyond, NagaCorp said it believes the event will be “short-lived”. <\/p>\n","protected":false},"excerpt":{"rendered":"
Casino operator saw GGR rise 20 per cent in the final three months of the year to US$1.7billion.<\/p>\n","protected":false},"author":2,"featured_media":3003,"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 robust Q4 2019 financial performance, with GGR increasing 20% to US$1.7 billion, EBITDA up 31%, and net profit rising 33%. This growth was driven by strong VIP and mass market segments, supported by increased foreign direct investment and tourism, alongside an improving regulatory environment with a new casino law anticipated in 2020.","focusai_entities":"NagaCorp","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"NagaCorp Q4 Drivers?","query":"What specific operational efficiencies or marketing strategies, beyond general macroeconomic factors, underpinned NagaCorp's significant GGR growth across both VIP and mass market gaming verticals in Q4 2019?"},{"label":"Casino Law Impact?","query":"How is the anticipated 2020 casino law expected to specifically impact NagaCorp's B2C licensing conditions, tax regime, or competitive positioning within Cambodia's evolving regulatory compliance framework?"}],"footnotes":""},"categories":[160,163,158,16333],"tags":[30,29,1619],"class_list":["post-3330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-finance-news","category-slider-home","category-south-east-asia-news","tag-cambodia","tag-casino","tag-hong-kong"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3330","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3330"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3330\/revisions"}],"predecessor-version":[{"id":6143,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3330\/revisions\/6143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3003"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}