Coronavirus Fears Mute NagaCorp Celebrations After Record-Setting Profit

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).

To continue reading please log in or request a demo to speak to a member of the team.

Request a Trial

Click here to request a trial