Cambodia-based gambling operator NagaCorp reported revenue of US$460.6m (£365.0m/€414.9m) in its full year 2022 results, attributing the 104.0% rise to Cambodia’s recovery from the Covid-19 pandemic.
NagaCorp’s revenue doubled from $225.8m in 2021 – a trend seen across all the financial results for the 2022 period.
Timothy Patrick McNally, chairman of NagaCorp, said that NagaCorp was one of the only “regional” businesses to become profitable in 2022.
“The gradual recovery of our business and resiliency of our earnings in the face of major market disruptions placed NagaCorp as only one of the two regional gaming companies to achieve profitability during the period,” said McNally.
In full: https://igamingbusiness.com/finance/full-year-results/nagacorp-fy22-revenue-doubles-in-covid-recovery-win/