• 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 reports VIP roll up 34pct in first quarter

Apr 03, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck  


NagaCorp reports VIP roll up 34pct in first quarter

VIP gambling rolling chip volume at Cambodian casino operator NagaCorp Ltd rose 34 percent year-on-year in the first quarter of 2017, said the Hong Kong-listed firm.

According to unaudited highlights published in Hong Kong on Monday regarding the firm’s operations for the period, such VIP volume was US$3.73 billion for the three months to March 31, compared to nearly US$2.79 billion in the prior-year period.

Buy-in for mass-market table play rose 13 percent during the period, to just under US$169.4 million, from just shy of US$149.9 million in first-quarter 2016.

The bills-in tally for electronic gaming machines expanded by 10 percent year-on-year, to nearly US$417.3 million, from just under US$381.1 million previously.

Hong Kong-listed NagaCorp operates NagaWorld (pictured), the only casino resort in Cambodia’s capital, Phnom Penh.

Commenting on the first-quarter unaudited highlights, brokerage Union Gaming Securities Asia Ltd said in a memo the same day: “It is important to note that VIP volume of US$3.7-billion was up against a +65 percent comparison from first-quarter 2016.”

The VIP volume in first-quarter 2016 had previously been “the highest NagaCorp had ever achieved in any given quarter,” added analyst Grant Govertsen.

“The departure of Macau’s Jimei junket at the end of January clearly didn’t impact volumes,” added the Union Gaming analyst. He was referring to Hong Kong-listed junket investor Jimei International Entertainment Group Ltd. It announced in its own full-year results on March 29 the end of a partnership with NagaCorp for the promotion of gaming tables at NagaWorld.

Union Gaming said that in the light of NagaCorp’s first-quarter VIP numbers, the brokerage was increasing its full-year VIP volume forecast for the company by seven percentage points, to 20 percent year-on-year, while maintaining its full-year mass table games and slot machine revenue forecasts at +11 percent year-on-year and +15 percent, respectively.

The brokerage also increased slightly its forecast for the firm’s 2017 earnings before interest, taxation, depreciation and amortisation, to US$274 million.


  • tweet
Related articles
  • Cambodia may see 75pct rise in tourists for 2023: govt
    Cambodia may see 75pct rise in tourists...

    Jan 19, 2023  

  • Cambodia’s new casino tax system now in operation: report
    Cambodia’s new casino tax system...

    Jan 10, 2023  

More news
  • Available Macau casino tables busy at tail of CNY hols
    Available Macau casino tables busy at...

    Jan 27, 2023  

  • Macau economy to see double-digit growth in 2023: AMCM
    Macau economy to see double-digit...

    Jan 27, 2023  


Latest News

Available Macau casino tables busy at tail of CNY hols

Available Macau casino tables busy at tail of CNY hols

Jan 27, 2023  

Some Macau casinos visited by GGRAsia on Thursday, actually had tables that were closed, notwithstanding strong consumer demand during Chinese New Year (CNY). The reasons for some tables being...
Read More
Macau economy to see double-digit growth in 2023: AMCM

Macau economy to see double-digit growth in 2023: AMCM

Jan 27, 2023  

Macau, APAC early gainers in China tourist return says Fitch

Macau, APAC early gainers in China tourist return says

Jan 27, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


384,600

Aggregate number of visitors to Macau during the first six days of the Chinese New Year holiday break



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • G2E Asia in-person for Macau in 2023, first time since 2019G2E Asia in-person for Macau in 2023, first time since 2019 January 27, 2023
  • Nearly 70k visitors to Macau on 6th day of CNY breakNearly 70k visitors to Macau on 6th day of CNY break January 27, 2023
  • 71pct of Sands China licence spend for venues says parent71pct of Sands China licence spend for venues says parent January 26, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us