• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 10 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Mass growth leads the way for NagaWorld as revenue, profit soar in 1H19

Newsdesk by Newsdesk
Wed 24 Jul 2019 at 05:35
NagaWorld

NagaWorld

34
SHARES
658
VIEWS
Print Friendly, PDF & Email

NagaCorp has continued its strong momentum in the six months to 30 June 2019, with gross gaming revenue rising 22% to US$872.4 million and net profit by 36% to US$245.1 million at its Cambodian integrated resort NagaWorld.

Positive growth was the trend across all segments, most notably in the mass market where GGR grew 38% to US$222.5 million driven by increasing tourism to Cambodia, particularly from China which recorded a 40% growth in the first five months of 2019 according to official government figures. NagaCorp said that mass table drop grew 32% and EGM bill-ins 29% in 1H19.

VIP rolling grew by 38% to US$23.2 billion, although a lower win rate when compared with the same period in 2018 saw revenue increase by 18% to US$649.9 million.

Segment growth was attributed to a range of factors, including customer demand for higher limit tables and two new junket operators commencing fixed base operations at Naga2. It also pointed to Suncity Group’s recent move to a larger space at Naga2 that accommodates more VIP tables and other supporting entertainment facilities.

“Overall, both South East Asian and Macau-based junket operators have contributed to increased VIP rollings during the period,” NagaCorp said.

EBITDA for 1H19 grew 41% to US$327.8 million with the company declaring a cash dividend of US3.39 cents, equivalent to HK26.27 cents, to be paid on 20 August 2019.

As previously reported by Inside Asian Gaming, NagaCorp earlier this week released further details of its planned Naga3 expansion, which it says will see NagaWorld rival Macau’s best integrated resorts.

RelatedPosts

MGTO now expecting new record daily average for visitor arrivals during current National Day Golden Week holidays

Citi: Macau GGR likely to exceed MOP$1 billion per day during October Golden Week, strong events calendar may provide lengthy tail

Wed 10 Sep 2025 at 14:34
IAG Spot Count: Macau satellite and 2nd tier casinos keep chugging along

Macau GGR showing signs of seasonal slowdown in September

Mon 8 Sep 2025 at 21:36
A New Macau

Macau GGR now seen hitting US$31.8 billion as Jefferies again upgrades 2025 revenue forecast

Fri 5 Sep 2025 at 05:40
Macau’s Legislative Assembly discussing new tour guide law proposing higher penalties for unlicensed guides

Macau GGR tipped to continue positive momentum in September and beyond

Tue 2 Sep 2025 at 11:39
Load More
Tags: Adjusted Property EBITDACambodiagross gaming revenueNagaCorpNagaWorldprofit
Share18Share2
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

VIDEO: IAG chats with StarDream Cruises President Michael G. Johansen

by Newsdesk
Wed 10 Sep 2025 at 22:22

Michael G. Johansen, President – Gaming Division of Genting’s StarDream Cruises, offers insights into the company’s cruise operations and how it approaches the customer experience.

MGTO now expecting new record daily average for visitor arrivals during current National Day Golden Week holidays

Citi: Macau GGR likely to exceed MOP$1 billion per day during October Golden Week, strong events calendar may provide lengthy tail

by Ben Blaschke
Wed 10 Sep 2025 at 14:34

Macau’s casino operators are tipped to average daily gaming revenues of MOP$1.05 billion (US$131 million) during the upcoming eight-day October Golden Week holiday, but strength could also be maintained well beyond Golden Week thanks to the city’s impressive events calendar,...

Galaxy Macau named Asia’s Best Integrated Resort at 2025 IAG Academy IR Awards

Galaxy Macau named Asia’s Best Integrated Resort at 2025 IAG Academy IR Awards

by Newsdesk
Wed 10 Sep 2025 at 10:36

Galaxy Macau has defended its title as Best Integrated Resort in Asia at the IAG Academy IR Awards on Tuesday night. The winners of the 23 award categories were announced at a lavish Gala Dinner held in the Manila Ballroom at Manila...

Jeju Shinhwa World rebrands Landing Casino as “LES A Casino”

by Newsdesk
Wed 10 Sep 2025 at 06:26

The former Landing Casino at Korea’s Jeju Shinhwa World has rebranded to “LES A Casino”, according to a company announcement. The property’s parent company, Hong Kong-listed Shin Hwa World Ltd, said it had been pushing for a rebranding since 2022...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語