NagaCorp, which owns NagaWorld casino in Phnom Penh, saw a 20 percent jump in profits last year, it said in a statement on Monday.
The Hong Kong-listed company’s annual financial statement showed an increase of around $55 million in gross profits to $327.8 million and a 26 percent increase in gross gaming revenue to $480.6 million.
Net profit—after tax and other expense deductions—rose by 27 percent to $172.6 million, driven by a growth in international tourist arrivals to Cambodia, the statement said.
The company also reported payments of $16.4 million in taxes to the Ministry of Finance last year.
Last month, the Finance Ministry reported a 33 percent increase in tax revenue collection from the casino industry to $34.7 million in 2015, which it attributed to enhanced enforcement efforts, including the collection of largely untapped non-gambling tax revenues from restaurants, nightclubs and hotels.
NagaCorp also saw a significant jump in profits last year, thanks to its strategy to attract more VIP customers, particularly from China, the company said in its previous annual statement.
