Cambodia’s leading casino operator NagaCorp saw its revenue skyrocket in the first half of 2018 on a surge of VIP and mass market gambling activity.

On Tuesday, NagaCorp informed the Hong Kong Stock Exchange that its gross gaming revenue in the six months ending June 30 hit US$714m, an 85% improvement over the same period last year. Earnings were up 29% to $232.7m while net profit was up one-fifth to $180m.

NagaCorp stressed that its profit growth would have doubled were it not for the 2017 $60m assignment rights for electronic gaming machines (EGM), a transaction NagaCorp opted not to repeat this year.

The company attributed the stellar results to a number of factors, including the opening of its Naga2 property (pictured) in November 2017. The extension of the company’s flagship NagaWorld property in Cambodia’s capital Phnom Penh “significantly increased the appeal, capacity, quality, range and reach of VIP, mass gaming and non-gaming offerings.”