Cambodian casino operator NagaCorp says its gross gaming revenue topped $1b through the first three quarters of 2018, driven by strong VIP gambling turnover at its new Naga2 facility.

On Monday, NagaCorp informed the Hong Kong Stock Exchange that its gross gaming revenue over the first nine months of 2018 totaled US$1.07b, a 94% improvement over the same period last year, with both mass market and VIP gambling segments posting “sustained and accelerated business volume growth.”

Mass market table buy-ins were up 57% to $887.6m, while electronic gaming machine (EGM) bills-in rose 22% to $1.6b. VIP gambling turnover surged 128% to $25b, which NagaCorp credited to both premium players and junket operators having “confidence that the Group has sufficient resources to run its business.”

NagaCorp’s flagship venue is the NagaWorld property in Cambodia’s capital Phnom Penh, and the company opened the Naga2 extension last November. Leading junket operator Suncity Group began feeding VIPs to Naga2 in March, and NagaCorp said Suncity’s “physical space and the number of tables will be enlarged.”