• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 6 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
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
No Result
View All Result
IAG
No Result
View All Result

Investment in growing premium mass segment sees NagaWorld GGR climb to US$543 million in FY24

Ben Blaschke by Ben Blaschke
Wed 26 Mar 2025 at 05:52
Union Gaming revises NagaCorp 2020 estimates upwards, says well-placed to swallow impact of new Cambodia gaming law

NagaWorld in Phnom Penh

26
SHARES
652
VIEWS
Print Friendly, PDF & Email

Hong Kong-listed NagaCorp has credited the launch of a new high-limit premium mass gaming area at its NagaWorld integrated resort in Phnom Penh, Cambodia, for driving a 5.5% increase in gross gaming revenues to US$542.9 million in 2024.

While the VIP segment continued to decline, the mass market table games segment booked a 28% increase in revenue to US$269.3 million on the back of a 14% increase in buy-ins to US$1.33 billion.

In a filing, NagaCorp said this was supported by the recovery in international visitation as well as the successful implementation of the high-limit gaming area at NagaWorld.

“This new zone was designed to attract premium mass customers with higher average spend and enhance table yield,” it explained. “In FY24, premium mass customers contributed 33.9% of total mass market tables GGR, a significant increase from 23.3% recorded in pre-pandemic financial year ended 31 December 2019.

“Additionally, the rollout of new side bet games on Mass Market Tables segment contributed to higher win rates. These efforts highlight the Company’s focus on refining product offerings and strengthening engagement with premium mass customers, laying a solid foundation for sustained growth.”

The electronic gaming machines segment saw bill-ins grow by 6% year-on-year to US$2.61 billion although GGR fell very slightly to US$125.7 million.

However, the company’s in-house or “premium VIP” segment saw rollings decline by 15% year-on-year to US$3.63 billion and GGR by 23% to US$103.1 million, albeit following 46.5% growth the previous year.

NagaCorp noted that the majority of its premium VIP customers are regional business owners, with the future growth potential of the segment supported by a 37.8% year-on-year increase in international business travellers to Cambodia in 2024 – mainly from China and Vietnam and with a smattering from Indonesia, Thailand and Taiwan.

In the referral VIP segment – those introduced by agents – GGR grew by 1% to US$44.8 million in 2024, the company added.

While overall GGR increase, NagaCorp’s net profit fell by 38.3% to US$109.6 million and Adjusted EBITDA by 31.3% to US$202.8 million due to a previously announced non-cash impairment loss of US$89.1 million recognized on its stalled Russian IR development in Vladivostok.

NagaCorp announced in March 2022 the indefinite suspension of its Vladivostok development, citing “various uncertainties” which allowed it to invoke a force majeure clause set out in its investment agreement. It still remains unclear if or when the development will resume.

RelatedPosts

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
IAG names Grand Lisboa Palace Resort Macau as venue and SJM Resorts S.A. as Venue Sponsor for 2025 Power 50 Black Tie Gala Dinner

SJM reports widened 1H25 loss despite GGR growing almost 12% to US$1.90 billion

Thu 28 Aug 2025 at 18:54
Sons of NagaCorp founder Chen Lip Keong join Forbes list of Malaysia’s richest

Surging mass market sees NagaCorp gaming revenues, profit enjoy double-digit growth in 1H25

Tue 26 Aug 2025 at 05:30
Load More
Tags: Cambodiagross gaming revenueNagaCorpNagaWorldPremium Mass
Share10Share2
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

Vietnam’s new Van Don integrated resort project scheduled for 2032 opening

Vietnam’s new Van Don integrated resort project scheduled for 2032 opening

by Ben Blaschke
Sat 6 Sep 2025 at 09:34

A new US$2 billion integrated resort to be built by Vietnamese development giant Sun Group in Van Don, Quang Ninh Province is planned to open in 2032, the company has informed Vietnam’s central government. The update, reported by local media...

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

by Newsdesk
Fri 5 Sep 2025 at 10:26

Inside Asian Gaming is delighted to announce a total of 19 sponsors for Manila After Dark (MAD) next Monday 8 September – the official welcome event for IAG EXPO, taking place at Manila’s Newport World Resorts. Running from 8 to 10 September,...

MGM Cotai

Bill Hornbuckle: Macau promotional environment now locked in place despite rapid return of VIPs

by Ben Blaschke
Fri 5 Sep 2025 at 06:45

Macau’s notoriously aggressive promotional environment has settled into a rhythm, according to MGM Resorts CEO and President Bill Hornbuckle – despite competition in the premium gaming segments rising as former junket players return to the city in swathes. Hornbuckle discussed...

AGEM Index up 14.4% in October on Aristocrat, Light & Wonder stock price gains

AGEM Index grows 5% in August as Konami, Aristocrat show strong stock performance

by Newsdesk
Fri 5 Sep 2025 at 05:56

The AGEM Index – a monthly stock performance guide comprising 10 global gaming suppliers – grew by 5.0% month-on-month or 93.66 points to 1,983.73 points in August, with Konami seeing the largest positive contribution. Konami had only last month been...

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

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
  • 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.

  • English