{"id":777014655,"date":"2024-04-11T08:36:51","date_gmt":"2024-04-11T11:36:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014655"},"modified":"2026-04-22T11:15:42","modified_gmt":"2026-04-22T14:15:42","slug":"nagacorp-revenue-to-grow-by-16-5-this-year-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-revenue-to-grow-by-16-5-this-year-analysts-say","title":{"rendered":"NagaCorp revenue to grow by 16.5% this year, analysts say"},"content":{"rendered":"\n

Moody\u2019s Investors Service predicts NagaCorp’s GGR will be US$621m.<\/p>\n\n\n\n\n\n\n\n

Cambodia.- Moody’s Investors Service<\/strong> has forecast that NagaCorp<\/strong>‘s revenue for 2024 will be up 16.5 per cent in year-on-year terms at US$621m. For 2023,\u00a0NagaCorp posted GGR of US$514.8m<\/a>, up 15.5 per cent\u00a0year-on-year.<\/p>\n\n\n\n

Moody’s expects a contraction in NagaCorp’s margin on earnings before interest, taxation, depreciation, and amortisation (EBITDA), of approximately 2 percentage points to 35 per cent. It expects NagaCorp’s EBITDA to expand by 8.5 per cent year-on-year to around US$320m.<\/p>\n\n\n\n

Moody’s also anticipates a positive shift in NagaCorp’s debt-to-EBITDA ratio, projecting a decline to 0.4x from 1.8x in 2023. It attributes NagaCorp’s strong market position to its long-standing casino monopoly in Phnom Penh, where it operates the NagaWorld complex.\u00a0However, Moody’s notes certain constraints such as NagaCorp’s reliance on single-site operations and exposure to political and regulatory risks in Cambodia.<\/p>\n\n\n\n

For the first quarter of the year<\/a>, the casino operator posted GGR of US$145m, up 23.7 per cent when compared to Q1 2023.\u00a0The company reported EBITDA of US$80.3m, up 33 per cent year-on-year. GGR for mass market table games increased by 34 per cent. The key growth driver was premium mass high-limit table games, up 51 per cent in year-on-year terms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Moody\u2019s Investors Service predicts NagaCorp’s GGR will be US$621m.<\/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":"Moody's Investors Service projects NagaCorp's 2024 Gross Gaming Revenue (GGR) to reach US$621m, a 16.5% year-on-year increase, with EBITDA expanding by 8.5% to US$320m and a debt-to-EBITDA ratio improving significantly to 0.4x. The forecast underscores NagaCorp's strong market position due to its Phnom Penh casino monopoly but also highlights constraints from single-site operations and exposure to Cambodian political and regulatory risks.","focusai_entities":"Moody's Investors Service, NagaCorp, NagaWorld","focusai_location":"Cambodia, Phnom Penh","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"NagaCorp Risk Mitigation?","query":"Given Moody's identified political and regulatory risks in Cambodia, what specific governance frameworks or operational strategies is NagaCorp implementing to mitigate these single-site and jurisdictional exposures?"},{"label":"Premium Mass Sustainability?","query":"How sustainable is the reported growth in premium mass high-limit table games, and what market dynamics or VIP program enhancements are driving this segment's outperformance for NagaCorp?"}],"footnotes":""},"categories":[163,16333],"tags":[2336],"class_list":["post-777014655","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\/777014655","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=777014655"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014655\/revisions"}],"predecessor-version":[{"id":777014659,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014655\/revisions\/777014659"}],"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=777014655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}