NagaCorp turns US$20.6 million net profit in 1H20 as Cambodia business volumes show rapid recovery

NagaCorp has revealed that gaming volume at its Phnom Penh integrated resort, NagaWorld, in August recovered to almost the same levels as before the property’s three-month closure due to COVID-19.

The Hong Kong-listed firm revealed a profit of US$20.6 million during the first six months of 2020, with Adjusted EBITDA of US$88.7 million. NagaWorld closed its doors in April before reopening on 8 July.

Despite ongoing travel restrictions, NagaCorp said its IR has experienced strong recovery through August with average daily VIP roll reaching 98% of pre-closure (1Q20) levels at US$104.0 million. Main gaming floor table buy-ins have reached 90% at US$3.4 million and EGM buy-ins 93% at US$5.1 million.

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