• 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

Suncity may take VIPs to NagaWorld from December: analyst

Nov 18, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck  


Suncity may take VIPs to NagaWorld from December: analyst

Suncity Group, one of the largest junket platforms in Macau, could begin sending VIP players to NagaCorp Ltd’s flagship property in Cambodia by December, says a note from Union Gaming Research Macau Ltd published on Tuesday.

NagaWorld (pictured) has been benefiting from a new incentive VIP programme launched last year. The property has been repositioning itself as an attractive niche product for junket operators looking for more attractive deals with casino operators compared to Macau.

“We expect Suncity to begin sending volume to NagaWorld as early as December,” said a note by Union Gaming analysts Grant Govertsen and Felicity Chiang following a visit to NagaWorld.

“While the company has not given any indications as to what magnitude of volume to expect, we would think the volume Suncity brings to NagaWorld is at least inline with what Asian Nations is already bringing,” the note added.

Asian Nations, a mainland China-based junket that does not have exposure to Macau, started contributing to NagaWorld operations from end-August. It sends players to jurisdictions outside of Macau.

“Over the early weeks of the Asian Nations junket bringing players to Naga, we believe the run rate is approximately US$150 million in monthly rolling chip volume, or nearly 40 percent incremental rolling chip volume relative to the existing junket volume on property,” said the note from Union Gaming.

“To put this in perspective, we estimate that US$150 million in monthly rolling chip volume is the equivalent of only 1 percent of Suncity’s typical rolling chip volume in Macau,” Mr Govertsen and Ms Chiang added. “We believe it is realistic to think that a junket like Suncity could allocate the equivalent of a low-single-digit share of its VIP volume to NagaWorld.”

Hong Kong-listed NagaCorp has a 70-year casino licence in Cambodia that will run until 2065, as well as a 41-year monopoly – expiring in 2035 – within a 200-kilometre (124-mile) radius of Phnom Penh. NagaWorld had 169 tables and 1,544 electronic gaming machines as of June 30.

NagaCorp chairman Tim McNally told GGRAsia in August that the casino operator was ready to sign up seven or eight junket operators with exposure to Macau.

NagaCorp reported gross gaming revenue of US$91.5 million for the third quarter of 2014, up 23.5 percent from a year earlier. Credit Suisse AG said then that the “robust volume growth” suggested a “solid execution of Chinese-focussed strategy”.


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

    Jan 19, 2023  

  • Macau January GGR maybe circa US$1bln: brokerage
    Macau January GGR maybe circa US$1bln:...

    Jan 17, 2023  

More news
  • Nearly 70k visitors to Macau on 6th day of CNY break
    Nearly 70k visitors to Macau on 6th day...

    Jan 27, 2023  

  • Monster Superlanche ups player fun, says Pragmatic Play
    Monster Superlanche ups player fun,...

    Jan 26, 2023  


Latest News

Nearly 70k visitors to Macau on 6th day of CNY break

Nearly 70k visitors to Macau on 6th day of CNY break

Jan 27, 2023  

Macau recorded 69,279 visitor arrivals on the sixth day of the Chinese New Year (CNY) holiday period, showed official data. The city welcomed about 384,600 visitors in the first six days of the...
Read More
Monster Superlanche ups player fun, says Pragmatic Play

Monster Superlanche ups player fun, says Pragmatic Play

Jan 26, 2023  

Cashless, process automation 2023 casino trend: JCM

Cashless, process automation 2023 casino trend: JCM

Jan 26, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We are in very positive territory [in Macau] and keep moving upside”

Rob Goldstein

Chairman and chief executive of Las Vegas Sands



Most Popular

  • LVS flags strong recovery in Macau, capacity bottlenecksLVS flags strong recovery in Macau, capacity bottlenecks January 26, 2023
  • Macau visitor tally tops 318k in first 5 days of CNY breakMacau visitor tally tops 318k in first 5 days of CNY break January 26, 2023
  • CNY may deliver 50pct pre-Covid mass GGR in Macau: JPMCNY may deliver 50pct pre-Covid mass GGR in Macau: JPM January 25, 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