Cambodia’s NagaCorp is enjoying a solid run in 2019

The massive casino complex of NagaWorld, in Cambodia, is enjoying a solid performance so far this year. According to a filing with the Hong Kong Stock Exchange yesterday, NagaCorp., which owns the complex, has seen the venue take in $1.29 billion in gross gaming revenue (GGR) from January to September, marking a 20.2% increase over the same period last year. Net gaming revenue at the property has seen an even bigger year-on-year jump.

NagaWorld has continued to grow over the years and, with that growth, the property has been able to attract more business. The original NagaWorld opened in 2006 and is now seen as Naga 1. An expansion project that opened in 2017, Naga 2, gave the venue a boost and, across the first nine months of the year, NagaWorld was happy to report an increase in net gaming revenue of $616.3 million. This was 28.5% higher compared to the same nine months last year.

In full: https://calvinayre.com/2019/10/02/casino/cambodias-nagacorp-is-enjoying-a-solid-run-in-2019/

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