6 February 2015
On the back of a quest for high-rolling
Chinese clients, NagaWorld’s gross gaming revenue soared 17% in 2014, although
profits were slightly down due to rising costs and lower profit margins from
VIP customers.
Gross gaming revenue clocked in at $381.4
million for 2014, while net profit decreased 3% to $136 million. However, that
excluding a $15 million fee paid to an electronic gaming operator in 2013,
NagaWorld’s net profits were up 9%. It is benefiting from high-rolling
customers shying away from Macau, where VIP revenue tumbled 10.9% in 2014.
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