{"id":777009874,"date":"2023-10-04T06:50:27","date_gmt":"2023-10-04T09:50:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009874"},"modified":"2026-04-22T17:28:58","modified_gmt":"2026-04-22T20:28:58","slug":"nagacorp-posts-ggr-of-us379m-for-first-nine-months-of-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-posts-ggr-of-us379m-for-first-nine-months-of-2023","title":{"rendered":"NagaCorp posts GGR of US$379m for first nine months of 2023"},"content":{"rendered":"\n<p>Gross gaming revenue was up 12.1 per cent year-on-year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.- Casino operator and developer\u00a0NagaCorp\u00a0has shared its results for the first nine months of the year. It posted gross gaming revenue (GGR) of US$379m, up 12.1 per cent year-on-year. Unaudited preliminary earnings before interest, tax, depreciation and amortisation (EBITDA) was US$215.4m, up 17.4 per cent year-on-year.<\/p>\n\n\n\n<p>Premium VIP Market rollings showed a 35.2 per cent increment as compared to the same period last year. Average daily rollings for the Referral VIP Market segment grew 43.3 per cent. Table buy-ins for Mass Market Tables increased by 18.5 per cent in the quarter ended 30 September 2023. The high-limit gaming areas, with higher average spending per customer, contributed to this improvement.<\/p>\n\n\n\n<p>The casino operator&#8217;s cash and cash equivalents have increased from US$156m as of December 31 to US$297.6m. The company attributed this to the recovery of business volumes and prudent cash spending. Net debt was approximately US$174.6m.\u00a0<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/nagacorp-pushes-naga-3-casino-project-back-to-2029\" rel=\"noreferrer noopener\">NagaCorp pushes Naga 3 casino project back to 2029<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gross gaming revenue was up 12.1 per cent year-on-year.<\/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 12.1% year-on-year increase in Gross Gaming Revenue (GGR) to US$379m and a 17.4% rise in EBITDA to US$215.4m for the first nine months. This robust performance was driven by significant growth across both VIP and Mass Market segments, leading to a substantial increase in cash and cash equivalents. The company attributes this to the recovery of business volumes and disciplined cash management.","focusai_entities":"NagaCorp","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Naga 3 Funding Strategy","query":"Given the substantial increase in cash and cash equivalents and the reported net debt, what is NagaCorp's revised funding strategy for the Naga 3 project, especially with its extended development timeline?"},{"label":"VIP Segment Drivers","query":"Beyond general business volume recovery, what specific operational or market-driven factors are primarily contributing to the sustained high growth rates in NagaCorp's Premium and Referral VIP Market rollings?"}],"footnotes":""},"categories":[157,158,16333],"tags":[2336],"class_list":["post-777009874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009874","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=777009874"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009874\/revisions"}],"predecessor-version":[{"id":777041206,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009874\/revisions\/777041206"}],"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=777009874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}