Phnom Penh casino operator NagaCorp has reported more sturdy growth for the fourth quarter of 2019 and a record annual net profit, but admitted that the coronavirus emergency will end its years-long run of visitation growth and big profits.
Gross gaming revenue (GGR) at the NagaWorld casino precinct in the fourth quarter rose 19 percent year-on-year to $432m, Hong Kong-listed NagaCorp said in a bourse filing on Monday.
Fourth-quarter metrics were consistent across segments and tallied with performance over the year, the results showed.
The company does not provide quarterly segment revenue figures, but fourth-quarter volume rose 20 percent for VIP baccarat, 19.9 percent for mass tables and 16.1 percent for electronic gaming machines (EGMs).
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