NagaCorp confident of meeting financial obligations as Cambodian IR NagaWorld shows improvement in VIP gaming segments

Hong Kong-listed NagaCorp says it remains confident of discharging all financial obligations when its outstanding senior notes mature in July 2024, citing improved cash resources on the back of better operating conditions at its Cambodian integrated resort NagaWorld.

Releasing its financial results for the nine months to 30 September 2023 overnight, NagaCorp said it has increased the group’s cash and cash equivalents from US$156 million at 31 December 2022 to US$297.6 million as of 30 September.

“This increase was mainly attributed to the continued recovery of business volumes and prudent cash spending strategy from the company’s management,” it explained.

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