NagaCorp’s winning streak continues in 2016 as Q1 revenues reach $154M

Cambodian casino operator NagaCorp’s numbers for the first quarter of 2016 show strong growth, which is not surprising continues to experience revenue growth, thanks to the strong execution on all fronts.

NagaCorp, which operated NagaWorld, Cambodia’s largest casino, recorded $153.8 million in gross gaming revenue during the first three months of the year, a 35 percent growth compared to the same period in 2015.

The company attributed its revenue growth to the “impressive” 65 percent increase in VIP rolling chip turnover, which reached $2.79 billion in the first quarter of 2016, NagaCorp said in a recent filing to the Hong Kong Stock Exchange.

In addition, the unaudited first quarter operational highlights also reported that mass electronic gaming machine (EGM) revenue had a 32 percent year-on-year increase at $381 million, while mass public floor table buy-ins reached $149.8 million, an increase of 15 percent year-on-year.