NagaCorp Revenues Rise By 26% Year on Year

8 August 2014

NagaCorp Ltd., the owner of NagaWorld Hotel and Casino in Phnom Penh, increased its revenue for the January to June period by 26% compared to the same period last year, according to a filing on the Hong Kong stock exchange.

The filing states revenue increased from $151.6 million for the first six months of 2013 to $191 million this year. It states that NagaCorp’s gross gaming revenue increased by about 27%, from $141.8 million to $180.3 million, while its hotel and entertainment operations increased about 7% from $9.8 million to $10.6 million. Its public floor table buy-ins increased by about 22% from $192.2 million to $235.1 million, and VIP rollings increased by about 20% from $2 billion to $2.4 billion.

Total VIP gaming revenue increased by 61% to $86 million “Despite the negative news and the slowdown of Gross Gaming Revenue growth in Macau, NagaWorld… continues to generate positive operational and financial results.”

Source:

http://www.cambodiadaily.com/business/nagacorp-revenues-rise-by-26-percent-year-on-year-66021/