{"id":777019598,"date":"2024-10-03T09:56:31","date_gmt":"2024-10-03T12:56:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777019598"},"modified":"2026-04-22T05:31:19","modified_gmt":"2026-04-22T08:31:19","slug":"cambodia-casinos-nagacorp-posts-ggr-of-us410-8m-for-first-nine-months-of-2024","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/cambodia-casinos-nagacorp-posts-ggr-of-us410-8m-for-first-nine-months-of-2024","title":{"rendered":"Cambodia casinos: NagaCorp posts GGR of US$410.8m for first nine months of 2024"},"content":{"rendered":"\n

Gross gaming revenue (GGR) was up 8.4 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

Cambodia.- The casino operator and developer\u00a0NagaCorp\u00a0<\/strong>has shared its results for the first nine months of the year. It posted gross gaming revenue (GGR) of US$410.8m<\/strong>, up 8.4 per cent year-on-year.<\/p>\n\n\n\n

Table buy-ins and slots bills-in<\/strong> for Mass Market Tables increased by 7 per cent in the first nine months of the year to US$2.89bn. The GGR for this segment was up 17.3 per cent year-on-year, to US$290.1m.<\/p>\n\n\n\n

Premium VIP Market rollings<\/strong> showed a 13.4 per cent increment as compared to the same period last year to US$2.64bn. Premium VIP GGR <\/strong>stood at US$80.9m, down 18.8 per cent year-on-year. The VIP referral segment <\/strong>experienced an increase, with GGR rising by 23.8 per cent to US$39.8m, backed by a 6.2 per cent rise in rolling volume, which amounted to US$1.40bn.<\/p>\n\n\n

\n
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NagaCorp operates NagaWorld, the country’s largest hotel and gaming resort.<\/figcaption><\/figure>\n<\/div>\n\n\n

In August, the company shared its operating results for the first half of the year. It posted a GGR of US$283.4m, up 12.3 per cent from US$252.3m in H1 2023<\/a>.<\/p>\n\n\n\n

Mass public floor table revenue was up 33 per cent to US$130.61m, while mass-market electronic gaming machine (EGM) revenue was down by 5 per cent to US$61.33m. The increases were attributed to the reasonably sized expatriate community, visitors from ASEAN and to some recovery in Chinese visitors. Gross profit for the mass market segment was US$170.8m, 74 per cent of the group\u2019s total.<\/p>\n\n\n\n

Premium VIP<\/strong> saw a 4.1 per cent reduction in revenue at US$60.3m. Rolling chip volumes fell by 11.7 per cent year-on-year to US$1.8bn while the win rate hit 4 per cent. The referral VIP market segment<\/strong> saw a 12.7 per cent year-on-year decrease in rollings to US$819.6m but a 17.6 per cent year-on-year increase in revenue to US$31.1m.<\/p>\n\n\n\n

See also:<\/strong> NagaWorld union leader released from prison<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gross gaming revenue (GGR) was up 8.4 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 an 8.4% year-on-year increase in GGR to US$410.8m for the first nine months, driven by strong Mass Market and VIP Referral segment growth. While Mass Market GGR rose 17.3% and VIP Referral GGR increased 23.8%, Premium VIP GGR declined by 18.8%. The growth is attributed to the expatriate community, ASEAN visitors, and a recovery in Chinese tourism.","focusai_entities":"NagaCorp, NagaWorld","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Mass Market Sustainability","query":"What specific operational or marketing strategies contributed to the significant GGR growth in the Mass Market segment, and are these sustainable given the reliance on expatriate and ASEAN visitor recovery?"},{"label":"Premium VIP Strategy","query":"Given the decline in Premium VIP GGR despite increased rollings, what adjustments are NagaCorp implementing in its high-roller acquisition and retention strategies, and what is the outlook for this segment's profitability?"}],"footnotes":""},"categories":[163,16333],"tags":[2336],"class_list":["post-777019598","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\/777019598","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=777019598"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019598\/revisions"}],"predecessor-version":[{"id":777019624,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019598\/revisions\/777019624"}],"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=777019598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}