VIP segment rebounding as NagaWorld reports increased business volumes in 3Q22

Cambodia’s only true integrated resort, Phnom Penh’s NagaWorld, has reported positive growth in the three months to 30 September 2022, led by strong recovery in its Referral VIP business.

According to details filed by NagaCorp with the Hong Kong Stock Exchange this week, average business volumes across all three business segments showed improvement in Q3 with Referral VIP generating daily rolling of US$4.2 million – 43% higher than daily rolling during the first six months of the year.

Premium mass saw daily rolling grow 6.2% to US$8.6 million while mass market generated daily table buy-ins and EGM bill-ins of US$9.5 million, up 5.1% on 1H22.

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