• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

NagaCorp’s net profit up by 27 pct in 2015

Feb 02, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck  


NagaCorp’s net profit up by 27 pct in 2015

Cambodia casino operator NagaCorp Ltd posted a net profit of US$172.6 million for 2015, up by 26.8 percent from the previous year. Revenue for the period increased by 24.6 percent year-on-year to US$503.7 million, the firm said in Monday in a filing to the Hong Kong Stock Exchange.

The casino operator reported earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$228.5 million, up by 30 percent from the prior-year period.

The operator of NagaWorld (pictured), the only casino resort in Cambodia’s capital Phnom Penh, said gross gaming revenue (GGR) increased by 26 percent year-on-year to US$480.6 million in 2015. That included revenue of US$257.7 million from mass-market play, up by 33.4 percent year-on-year, and US$222.9 from the VIP segment, an increase of 18.5 percent.

NagaWorld’s VIP rolling chip turnover for 2015 jumped 27.3 percent from a year earlier to about US$7.9 billion, with a win rate of 2.8 percent, the firm said.

NagaWorld had in place 287 gaming tables – including 200 VIP tables – and 1,656 electronic gaming machines (EGMs) at the end of 2015.

Revenue from electronic gaming increased 61.8 percent year-on-year to US$136.8 million. The higher figure includes a negotiation fee of US$40 million paid by a group of investors that is working with NagaCorp to operate a new electronic games business at NagaWorld.

“The positive results were attributable to the increase in business volume across all segments of the gaming business,” said the Hong Kong-listed company in Monday’s filing.

NagaCorp said the continued downturn in the gaming sector in Macau “offers opportunities for the group to further penetrate the regional gaming market of both the VIP and mass market, by offering better commercial terms to junket operators and agents as a result of NagaWorld’s low cost structure”.

Macau’s accumulated casino GGR for the full year of 2015 declined by 34.3 percent compared to 2014.

NagaCorp said it continued to sign new agreements with junket operators during 2015. A unit of Jimei International Entertainment Group Ltd – a Hong Kong-listed casino junket investor with its roots in Macau – in June announced a deal to operate at least seven VIP gambling tables at NagaWorld.

NagaCorp proposed a final dividend of US$0.0189 per share, to be paid on May 10. The firm recorded an annual decline in share price of 23 percent for 2015. Its stock, listed in the Hong Kong Stock Exchange, closed the year trading at HKD4.90 (US$0.63) per unit.


  • tweet
Related articles
  • Macau casino GGR down 9pct m-o-m in February: govt
    Macau casino GGR down 9pct m-o-m in...

    Mar 01, 2021  

  • Border casino op Donaco posts positive EBITDA for Jul-Dec
    Border casino op Donaco posts positive...

    Feb 26, 2021  

More news
  • Sci Games title ‘Hurricane Horse’ approved within Apac
    Sci Games title ‘Hurricane Horse’...

    Mar 01, 2021  

  • RGB loss slims sequentially for 4Q, annual loss US$7mln
    RGB loss slims sequentially for 4Q,...

    Mar 01, 2021  


Latest News

Sci Games title ‘Hurricane Horse’ approved within Apac

Sci Games title ‘Hurricane Horse’ approved within Apac

Mar 01, 2021  

Scientific Games Corp says it has approval within Asia-Pacific (Apac) for “Hurricane Horse” (pictured), the third Duo Fu Duo Cai-series game on the DualosX cabinet. The company said in an email...
Read More
RGB loss slims sequentially for 4Q, annual loss US$7mln

RGB loss slims sequentially for 4Q, annual loss US$7mln

Mar 01, 2021  

Macau casino GGR down 9pct m-o-m in February: govt

Macau casino GGR down 9pct m-o-m in February: govt

Mar 01, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

”While our financial results for fiscal 2020 were clearly impacted by the pandemic, they also highlighted our strengths, and the effectiveness of our business’ response"

Trevor Croker

Managing director of casino slot machine maker and digital games provider Aristocrat Leisure



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
  • Melco’s Lawrence Ho hopeful on Macau recovery in MarchMelco’s Lawrence Ho hopeful on Macau recovery in March February 26, 2021
  • Macau removes last mainland cities from its quarantine listMacau removes last mainland cities from its quarantine list February 23, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us