• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

NagaCorp 1Q GGR recovery hurt by Covid-19 shutdown

Apr 06, 2021 Newsdesk Latest News, Rest of Asia, Top of the deck  


NagaCorp 1Q GGR recovery hurt by Covid-19 shutdown

Hong Kong-listed casino operator and developer NagaCorp Ltd says it had “continued to record recovery” of gaming volumes in the first quarter of 2021. That was up until February 20, when the firm’s sole operating casino property – the NagaWorld casino complex (pictured in a file photo) in Cambodia’s capital, Phnom Penh – “voluntarily” suspended operations after 11 employees tested positive for Covid-19.

The firm has yet to provide information on the property’s reopening.

In a Thursday filing, NagaCorp said that average daily business volumes at its mass-market gaming segment during the time within the first quarter that NagaWorld was open, had recovered to 99 percent of the average seen in the first quarter of 2020.

VIP rolling chip turnover daily volume – prior to the February 20 suspension of operations – was back to 53 percent of the average seen in the first quarter of 2020, said the company.

The casino operator said the daily average of mass-market table buy-ins stood at US$3.74 million in the period NagaWorld was open for business in the first quarter of 2021, compared to US$3.76 million in the opening quarter of 2020. Average daily volume in the electronic gaming machines business was US$5.44 million for the latest period, compared to US$5.52 million in the January-March 2020 period, it added.

VIP rolling chip turnover daily volume was approximately US$56.60 million in the January 1 to February 20 period, versus almost US$106.52 million in first-quarter 2020.

NagaCorp recorded GGR of US$127.34 million for the first quarter of 2021, of which US$80.51 million was GGR from VIP operations. The firm posted net gaming revenue of US$72.60 million for the initial three months of 2021.

“Mass market segment average daily volume recorded positive sequential growth compared to the second half of 2020, which reflects the gradual growth trend observed,” NagaCorp said. “Public floor table average daily buy-ins and electronic gaming machines average daily bills-in grew by 5.2 percent and 3.6 percent, respectively, compared to the respective average daily volume recorded in the second half of 2020.”

The firm stated that recovery in the mass market segment was “largely” linked to the presence in the market of a “reasonably sized expatriate community and to some extent, visitors from East Asia, mainly from China, South Korea and Taiwan”.


  • tweet
Related articles
  • Macau Aug GGR up 3pct on July, new high since Covid-19
    Macau Aug GGR up 3pct on July, new high...

    Sep 01, 2023  

  • Donaco positive EBITDA for fiscal year 2023, loss widens
    Donaco positive EBITDA for fiscal year...

    Aug 31, 2023  

More news
  • Macau govt sets junket cap per casino operator for 2024
    Macau govt sets junket cap per casino...

    Sep 25, 2023  

  • Sands China partners with Kakao Pay to lure S.Korean visitors
    Sands China partners with Kakao Pay to...

    Sep 25, 2023  


Latest News

Macau govt sets junket cap per casino operator for 2024

Macau govt sets junket cap per casino operator for 2024

Sep 25, 2023  

The Macau government has made public the maximum number of licensed gaming promoters – also known as ‘junkets’ – that each of the city’s casino operator will be able to work with in...
Read More
Sands China partners with Kakao Pay to lure S.Korean visitors

Sands China partners with Kakao Pay to lure S.Korean...

Sep 25, 2023  

Wynn Macau Ltd cancels K-pop festival scheduled for Oct

Wynn Macau Ltd cancels K-pop festival scheduled for Oct

Sep 25, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"We [estimate] that these illegal [currency exchange] transactions account for somewhere between 50 percent to 60 percent [of Macau's annual gross gaming revenue]”

Ben Lee

Managing partner at IGamiX Management and Consulting



Most Popular

  • Any Macau clamp on money changing may hurt GGR: punditsAny Macau clamp on money changing may hurt GGR: pundits September 25, 2023
  • Macau govt sets junket cap per casino operator for 2024Macau govt sets junket cap per casino operator for 2024 September 25, 2023
  • Wynn Macau Ltd cancels K-pop festival scheduled for OctWynn Macau Ltd cancels K-pop festival scheduled for Oct September 25, 2023
  • Strong Macau hotel bookings for autumn Golden WeekStrong Macau hotel bookings for autumn Golden Week September 22, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us