{"id":777024508,"date":"2025-03-26T10:02:14","date_gmt":"2025-03-26T13:02:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777024508"},"modified":"2026-04-22T00:27:51","modified_gmt":"2026-04-22T03:27:51","slug":"nagacorp-sees-ggr-rise-in-2024","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-sees-ggr-rise-in-2024","title":{"rendered":"NagaCorp sees GGR rise in 2024"},"content":{"rendered":"\n

Gross gaming revenue was up 5.5 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n

Cambodia.- Casino operator and developer\u00a0NagaCorp\u00a0has shared its results for the year 2024. It posted\u00a0GGR of US$542.9m, up 5.5 per cent\u00a0year-on-year<\/a>. Net gaming revenue was US$480.3m, an increase of 8 per cent in year-on-year terms.<\/p>\n\n\n\n

Mass Market GGR grew by 17.2 per cent in year-on-year terms from US$337m to US$395m. The premium VIP market saw a 15.3 per cent drop in business volume, generating US$103.1m in revenue. <\/p>\n\n\n\n

The company posted\u00a0a net profit of US$109.6m, down by 38.3 per cent in year-on-year terms. The decline was mainly attributed to a non-cash impairment loss of US$89.1m related to the company’s Vladivostok project. Unaudited preliminary earnings before interest, tax, depreciation and amortisation (EBITDA) were US$202.8m, down 31.3 per cent year-on-year.<\/p>\n\n\n

\n
\"NagaWorld.\"
NagaWorld.<\/figcaption><\/figure>\n<\/div>\n\n\n

The casino operator said: “The group remains optimistic about its long-term growth prospects with Cambodia\u2019s ongoing economic recovery and political stability demonstrating strong fundamentals for its continued expansion in the years ahead.<\/p>\n\n\n\n

“NagaWorld, as the only integrated resort in Phnom Penh, will continue to thrive by attracting more visitors seeking entertainment and luxurious lifestyle offerings at competitive prices and value. The development of Naga 3 as a leading tourism asset for Cambodia aligns with the government’s broader vision and commitment in bolstering the tourism sector. This initiative positions Naga 3 as a key contributor to the regional tourism landscape, showcasing a shared dedication to elevating the global presence of Cambodia’s tourism.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Gross gaming revenue was up 5.5 per cent in 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 5.5% year-on-year GGR increase to US$542.9m and an 8% NGR increase to US$480.3m for 2024, driven by a 17.2% rise in Mass Market GGR. Despite revenue growth, net profit declined by 38.3% to US$109.6m, primarily due to an US$89.1m impairment loss related to its Vladivostok project. The company remains optimistic about long-term growth in Cambodia, citing economic recovery and the Naga 3 development.","focusai_entities":"NagaCorp, NagaWorld","focusai_location":"Cambodia, Phnom Penh, Vladivostok","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Naga 3 Funding & Timeline?","query":"What is the specific timeline and funding strategy for the Naga 3 development, and how will it impact short-to-medium term capital expenditure and debt levels?"},{"label":"Profit Decline Drivers?","query":"Beyond the Vladivostok impairment, what are the underlying operational factors contributing to the significant year-on-year decline in net profit and EBITDA, despite GGR growth?"}],"footnotes":""},"categories":[163,16333],"tags":[2336],"class_list":["post-777024508","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\/777024508","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=777024508"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024508\/revisions"}],"predecessor-version":[{"id":777024542,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024508\/revisions\/777024542"}],"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=777024508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}