Cambodia’s NagaCorp casino revenue back to 91% of pre-pandemic rate

Cambodian casino operator NagaCorp says business is nearly back to normal after its COVID-19 shutdown, while the government appears to be finally making progress on its new gambling rules.

On Sunday, NagaCorp announced that average daily net gaming revenue at its NagaWorld casino in Phnom Penh during August and September equalled 91% of revenue generated in the first three months of 2020.

Cambodia ordered all casinos to close their doors on April 1 to limit further COVID-19 transmission and NagaWorld didn’t reopen its VIP table operations until July 8, while the public gaming floor followed suit later that month. Despite these limitations, NagaCorp still managed to turn a profit in Q2, showing the undeniable benefits of its Phnom Penh casino monopoly.

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