NagaCorp eyes Cambodia casino expansion in Siem Reap, Sihanoukville

Cambodian casino operator NagaCorp managed to turn a tidy profit in the first half of 2020 despite being forced to close for the entire second quarter.

Figures released Thursday show the Hong Kong-listed NagaCorp generated revenue of US$377.5m in the six months ending June 30, a 57.6% decline from the same period last year. Operating profit tumbled nearly 86% to $39.3m while after-tax profits plunged 91.6% to $20.6m.

Cambodia’s government ordered all casinos to shut as of April 1 due to the spread of COVID-19. The shutdown lasted until early July, when NagaCorp began welcoming VIP gamblers back to its NagaWorld casino in Cambodia’s capital Phnom Penh, and mass market gambling resumed later that month.

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