{"id":777002242,"date":"2023-02-09T13:57:33","date_gmt":"2023-02-09T16:57:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002242"},"modified":"2026-04-23T00:46:37","modified_gmt":"2026-04-23T03:46:37","slug":"nagacorp-posts-ggr-of-us445-9m-for-fy22","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-posts-ggr-of-us445-9m-for-fy22","title":{"rendered":"NagaCorp posts GGR of US$445.9m for FY22"},"content":{"rendered":"\n<p>Nagacorp&#8217;s gross gaming revenue grew 99.5 per cent on year-on-year terms.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.- Casino operator and developer&nbsp;<strong>NagaCorp<\/strong>&nbsp;has shared its financial results for the year 2022. gross gaming revenue (GGR) grew from <a href=\"https:\/\/focusgn.com\/asia-pacific\/nagacorp-posts-ggr-of-us223-5m-for-fy21\">US$223.5m in 2021<\/a> to US$445.9m. Earnings before interest, tax, depreciation and amortization (EBITDA) reached US$245.4m and net profit US$107.3m.<\/p>\n\n\n\n<p>The company noted that the results were mainly driven by the mass market segment. GGR for mass market tables was US$203.8m, up from US$66.5m in the previous year. GGR for mass-market electronic gaming machines was US$124.3m while the premium market generated GGR of US$91.4m.<\/p>\n\n\n\n<p>NagaCorp said the recovery was fueled by the gradual recovery of Cambodia tourism and visitation to the property in line with the easing of travel restrictions regionally. In 2022,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/cambodia-expects-to-welcome-up-to-4m-international-tourists-in-2023\" target=\"_blank\">Cambodia received 2.28 million international tourists<\/a>.<\/p>\n\n\n\n<p>As for 2023\u2019s prospects, the company said the National Bank of Cambodia (NBC) has projected 6 per cent economic growth in 2023 and that authorities expect<strong>&nbsp;as many as 4 million international tourists&nbsp;<\/strong>after China announced its reopening policy.<\/p>\n\n\n\n<p>As such, <strong>NagaCorp is optimistic about the recovery of the tourism sector <\/strong>and believes that &#8220;the long-term prospects and outlook will remain stable.&#8221; The company <strong>continues to focus on the development of Naga 3 project<\/strong>. It is expected that the combined NagaWorld complex (Naga 1, Naga 2 and Naga 3) will have approximately 5,000 hotel rooms, 1,300 gaming tables, 4,500 EGMs and many non-gaming attractions.<\/p>\n\n\n\n<p>Approximately 93 per cent of Naga 3\u2019s gross floor area will feature non-gaming offerings, which is in line with the group\u2019s long-term strategy of offering a suite of lifestyle products and services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nagacorp&#8217;s gross gaming revenue grew 99.5 per cent on year-on-year terms.<\/p>\n","protected":false},"author":176,"featured_media":25662,"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 99.5% year-on-year GGR growth to US$445.9m in 2022, primarily driven by the mass market segment and Cambodia's tourism recovery. The company anticipates continued growth in 2023, fueled by China's reopening and a projected 6% economic expansion, while progressing with its Naga 3 development to expand non-gaming offerings.","focusai_entities":"NagaCorp, National Bank of Cambodia","focusai_location":"Cambodia, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Naga 3 ROI?","query":"What is the projected return on investment and timeline for the Naga 3 project, particularly given the high proportion of non-gaming GFA and its impact on overall resort profitability?"},{"label":"Mass Market Sustainability?","query":"How sustainable is NagaCorp's reliance on mass market GGR growth, and what strategies are in place to mitigate potential over-reliance or shifts in player demographics?"}],"footnotes":""},"categories":[163,16333],"tags":[2336],"class_list":["post-777002242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002242","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=777002242"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002242\/revisions"}],"predecessor-version":[{"id":777002282,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002242\/revisions\/777002282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25662"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}