Demand for mass tables fuels NagaCorp 2018 Q1 GGR

Casino gross gaming revenue (GGR) of Hong Kong-listed operator NagaCorp Ltd jumped nearly two-fold in the first three months of 2018 as more mass market players turned to gaming tables for entertainment.

In a regulatory filing, NagaCorp announced that its gross gaming revenue jumped to US$243.19 million for the three months ending on March 31, 2018, a 181 percent increase compared to the unaudited GGR of $86.66 million in the same period last year.

NagaCorp, which has an exclusive license to operate casinos in Cambodia’s capital of Phnom Penh, attributed the rise of gaming volume in its brick-and-mortar facilities to the influx of Chinese tourists that drove the mass market segment.

The mass market business climbed 32.8 percent in the first quarter to $779.1 million.