• 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

NagaCorp proposes first ever special bonus for shareholders after record US$521 million profit in 2019

Ben Blaschke by Ben Blaschke
Tue 11 Feb 2020 at 04:26
CambodiaNaga2

NagaWorld

61
SHARES
1.2k
VIEWS
Print Friendly, PDF & Email

Hong Kong-listed NagaCorp has proposed to issue shareholders a special bonus for the first time in its 25-year history after recording a 20% increase in gross gaming revenue to US$1.72 billion and 33% rise in net profit to a record US$521.3 million at Cambodian integrated resort NagaWorld in 2019.

Publishing its Full Year results overnight, NagaCorp said the decision to issue a special bonus had been made despite the company anticipating some negative financial impact in the coming months as a result of the Coronavirus, noting that the long-term prospects at NagaWorld remain solid.

“Regardless of the Coronavirus outbreaks, which the Company is of the opinion that this event will be short-lived, the Company is pleased to recommend a 80% payout of the net profits generated for the second half of 2019 as final dividend and payment,” NagaCorp said in a filing. “Accordingly, a final dividend for the shareholders of the Company of US5.09 cents per share has been proposed.

“This is the first time after operation of the Group for 25 years that the Company has decided to recommend to declare a special ‘bonus’ to all of its shareholders.”

Continuing its record of strong growth since the opening of Naga 2 in late 2017, NagaCorp reported a 31% year-on-year increase in EBITDA through 2019 to US$671.7 million on the back of gains across all gaming segments.

VIP continued to lead the way, with rolling chip volume up 31% to US$46.61 billion and win up 16% to US$1.24 billion.

Mass table games saw a 33% increase in buy-ins to US$1.64 billion with revenue rising by 35% to US$318.3 million, while EGM bills-in grew 25% to US$2.76 billion with win up 22% to US$158.1 million.

“This business volume growth was attributable to the increasing visitation at both Naga 1 and Naga 2 as a result of tourism growth into Cambodia, particularly from China which recorded 20% growth in the first 11 months of 2019,” NagaCorp said.

The company added that hotel room revenue had also grown by 7% in 2019 to around US$16 million, despite the temporary closure of 250 hotel rooms at Naga 1 for upgrade works. Naga 1’s occupancy rate reached 84% in 2019, up from 75% in the previous year.

Share31Share4
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

2025 IAG EXPO: Day 1 Highlights

2025 IAG EXPO: Day 1 Highlights

by Newsdesk
Tue 9 Sep 2025 at 18:19

Take a look around on this milestone day for IAG as we launch the first ever IAG Exhibition – part of the 2025 IAG EXPO at Manila’s Newport World Resorts. IAG EXPO also comprises welcome event Manila After Dark, the...

VIDEO: Aristocrat’s Lloyd Robson talks latest products for Asia

VIDEO: Aristocrat’s Lloyd Robson talks latest products for Asia

by Newsdesk
Tue 9 Sep 2025 at 17:57

Aristocrat Gaming’s Lloyd Robson sits down with IAG at the IAG LIVE booth at IAG EXPO to discuss his thoughts on the Philippines market. Lloyd also explains the products Aristocrat has on show at IAG EXPO and provides some insight...

PAGCOR awaiting commission approval to proceed with privatization of Casino Filipino properties

PAGCOR awaiting commission approval to proceed with privatization of Casino Filipino properties

by Ben Blaschke
Tue 9 Sep 2025 at 17:40

Philippine gaming regulator PAGCOR has submitted relevant documentation and is awaiting approval from the Governance Commission for Government-Owned and Controlled Corporations (GCG) to proceed with privatization of its Casino Filipino properties, according to PAGCOR Chairman and CEO Alejandro Tengco. The...

Locals Game

The Grand Ho Tram submits proposal for two-phase financing of freeway project connecting to Vietnam’s soon-to-open Long Thanh International Airport

by Newsdesk
Tue 9 Sep 2025 at 17:25

The owners of Vietnam’s The Grand Ho Tram are one of two separate groups to have proposed the construction of a major four-lane expressway connecting their integrated resort to the new Long Thanh International Airport currently being built in nearby...

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