Cambodia’s NagaCorp returns to profit in 2022 as mass gaming recovery sees revenue double

Hong Kong-listed NagaCorp, owner and operator of Cambodian integrated resort NagaWorld, has reported a 99.5% increase in gross gaming revenue to US$445.9 million in 2022, primarily generated by a rebound in the mass market segment.

Net Profit of US$107.3 million also reversed a loss of US$47.0 million in 2021, with Adjusted EBITDA soaring from US$15.6 million to US$245.4 million, the company revealed in its results presentation on Wednesday.

The NagaCorp board has declared a final dividend of US$0.75 cents per share, representing 60% of net profit generated in the six months to 31 December 2022.

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