Mass gaming leads NagaCorp recovery in 1Q22

NagaCorp, operator of NagaWorld in Phnom Penh, Cambodia, reported a 13.7% year-on-year decline in gross gaming revenue to US$109.9 million in the three months to 31 March 2022, heavily impacted by the decline of VIP gaming.

However, the 1Q22 results were significantly improved on the final quarter of 2021, while all mass gaming segments showed both year-on-year and sequential improvements following the recent lifting of most COVID-19 restrictions.

According to details released by NagaCorp overnight, VIP rolling fell 92.9% year-on-year to US$177.7 million and VIP GGR by 93.1% to US$4.3 million.

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