NagaCorp’s GGR up 23.7% in 1Q24, VIP exceeds pre-COVID levels 

NagaCorp Ltd, the operator of NagaWorld, a casino resort monopoly in the Cambodian capital Phnom Penh, has announced that it recorded a 23.7 percent increase in gross gaming revenue in the first quarter of this year compared to the same period last year, reaching over $145 million.

In a voluntary announcement to the Hong Kong Stock Exchange on Wednesday, the company disclosed its preliminary unaudited consolidated management, noting that its EBITDA in 1Q24 reached $80.3 million, 33 percent higher compared to 1Q2023.

The group notes that the average daily business volume in the mass segment has recovered to 86.6 percent of pre-COVID levels, while the premium VIP segment has already exceeded pre-COVID levels.

In full: https://agbrief.com/news/cambodia/03/04/2024/nagacorps-ggr-up-23-7-in-1q24-vip-exceeds-pre-covid-levels/

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