Tourists drive NagaCorp H1 revenue growth

International tourist arrivals to Cambodia increased by 4.6% to 2.3m visitors in the first half of 2015, with 11% increase from “gaming-centric countries” such as Vietnam, China and South Korea.

In a Wednesday filing, NagaWorld, which is located in the Cambodian capital city Phnom Penh, posted GGR growth of 42% to $255.4m. In the VIP segment, rolling chip turnover jumped 50% from a year earlier to about US$3.6b, while in the mass market, table buy-ins rose 11% year-on-year to nearly US$262m and slot machine buy-in increased 10% to US$629.3m.

Revenues from gaming tables increased by 17.4% year-on-year to US$163.4m in the six-month period and the electronic gaming doubled to approximately $92 million, compared to US$41.2 million a year earlier. The higher figure includes a negotiation fee of $40m from investors for exclusive negotiation of the placement of up to 300 Electronic Gaming Machines (EGM ) in NagaWorld.

As of June 30th, NagaWorld has 262 gaming tables and 1,600 EGM.