Net profit of Cambodian casino operator NagaCorp Ltd. jumped 20.3 percent in the first half of 2017, thanks to a sizzling hot VIP market.

In a disclosure to the HongKong Stock Exchange, NagaCorp announced that it posted a $150.6 million net profit in the first six months of the year due to a robust growth across all of its business segments.

Gross gaming revenue also rose 40 percent to US$386.8 million in January to June 30, 2017 period, according to the casino operator.

NagaCorp cited at least three reasons for the company’s growth in business volumes and GGR.