NagaCorp reports revenue results

NagaCorp registered good financial results. Credits: Macau Business
NagaCorp registered good financial results. Credits: Macau Business

The Cambodian operator reported more than US$1 billion for the first three quarters of the year.

Cambodia.- NagaCorp has reported its gross gaming revenue (GGR) results for the first three quarters of 2018, in which it registered more than US$1 billion. The performance was driven by strong VIP gambling turnover at the Naga2 property.

The news were revealed by the company to the Kong Stock Exchange on Monday, and said that gross gaming revenue totalled US$1.07 billion in the first nine months of the year, which represents a 94% increase when compared to the same period in 2017.

Moreover, mass market table buy-ins increased 57% to US$887 million, and electronic gaming machine bills-in presented a 22% hike to US$1.6 billion. The company said that VIP gambling turnover, which increased 128% to US$25 billion, was driven by premium players and junket operators as they had “confidence that the group had sufficient resources to run the business.”

In this article:
Cambodia finance Nagacorp