• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 21 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

NagaWorld to welcome Macau’s “Big 4” junket operators by year’s end as 2018 GGR climbs 55%

Ben Blaschke by Ben Blaschke
Thu 14 Feb 2019 at 06:11
CambodiaNaga2

NagaWorld

48
SHARES
1k
VIEWS
Print Friendly, PDF & Email

Hong Kong listed casino operator NagaCorp says it expects all four of Macau’s “mega junkets” to be operational at its flagship Cambodian IR NagaWorld as the company’s gaming stocks continue to soar.

NagaWorld saw gross gaming revenue rise 55% to US$1.4 billion and profit by 53% to US$390.6 million for the year ended 31 December 2018, with VIP roll up 69% to US$35.66 billion and revenue 71% to US$1.07 billion.

Discussing the property’s continued ramp since the opening of Naga2 in December 2017, NagaCorp described the increase in VIP business volume as being due to “an increase of business at the combined NagaWorld complex, in particular at Naga2 where there has been customer demand for higher table limits and increased rollings.”

In particular, NagaCorp pointed to an agreement signed with Macau’s leading junket operator Suncity Group to set up a fixed base business operation with fully-fledged office facilities in Phnom Penh in March 2018, adding that Suncity operations in Naga2 will be moved to a larger and “more desirable” location this quarter.

“The group expects all top four Macau mega junkets will operate in Naga2 by 2019,” it said. “These junkets contributed 70% of Macau’s total VIP rollings. Despite the significant increase in VIP business volume, VIP customer composition remains well diversified between South East Asia and North Asia.”

Mass table drop and revenue both increased by 57% to US$1.24 billion and US$235.7 million respectively for the year, while EGM revenue was down 14% to US$129.3 million.

The group reported a 31% increase in non-gaming revenue for the year to US$39.9 million, primarily contributed by an increase in room nights sold with the opening of Naga2 and better performance across all the F&B outlets in line with an overall increase in visitation.

 

RelatedPosts

Solaire: Leader of the pack

Solaire operator Bloomberry falls to 2Q25 loss on continued weakness in VIP and premium mass gaming segments, online gaming expenses

Wed 13 Aug 2025 at 16:15
Galaxy unveils Capella at Galaxy Macau as newest hotel brand, to open mid-2025

Capella at Galaxy Macau officially soft launches for Galaxy’s “most distinguished VIPs”

Tue 12 Aug 2025 at 05:54
Filipino maintenance worker passes away in Wynn Palace work-related accident

Low VIP hold hurts Wynn Macau’s 2Q25 results as operating revenues hit US$883 million

Fri 8 Aug 2025 at 05:17
Donaco looks inward as Lee Bug Huy named new CEO

Donaco’s Star Vegas impacted by Thai border closures in June quarter as revenue, profit falls

Wed 30 Jul 2025 at 10:32
Load More
Tags: CambodiaNagaCorpNagaWorldSuncityVIP
Share23Share3
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

PAGCOR chair Tengco says transactions on licensed online gambling sites down 50% since ban on e-wallet links

PAGCOR chair Tengco says transactions on licensed online gambling sites down 50% since ban on e-wallet links

by Newsdesk
Thu 21 Aug 2025 at 05:35

PAGCOR Chairman and CEO Alejandro Tengco told a Senate hearing into the Philippines’ domestic online gaming, or eGames, sector that online gaming transactions on licensed platforms had dropped by around 50% since an order to remove gambling-related links from e-wallets...

Death by a thousand cuts

SkyCity announces US$140 million equity raising on continued economic weakness, lower customer spend

by Ben Blaschke
Thu 21 Aug 2025 at 05:11

New Zealand’s SkyCity Entertainment Group has announced a series of balance sheet initiatives aimed at boosting liquidity and reducing leverage while it “navigates period of continued economic weakness” in the ANZ market. The NZ$240 million (US$140 million) equity raising, which...

Comtrade Gaming strengthens Brazilian presence with Betaki partnership

Comtrade Gaming strengthens Brazilian presence with Betaki partnership

by Newsdesk
Thu 21 Aug 2025 at 04:40

Comtrade Gaming, a leading iGaming platform provider, has announced its latest partnership with Betaki, a dynamic online sports betting platform in Brazil. The company said the collaboration marks a significant milestone as Betaki successfully migrates to Comtrade Gaming’s iCore platform....

Wynn Macau to invest MOP$16.5 billion in non-gaming projects over the next decade

Wynn Macau Ltd said to be “setting a progressive dividend policy” after maintaining dividend payout in 1H25

by Ben Blaschke
Wed 20 Aug 2025 at 21:28

Wynn Macau Ltd has surprised to the upside by declaring an interim dividend of HK$0.185 per share for 1H25 – on par with its 1H24 final dividend despite reporting a year-on-year decline in both operating revenues and profit. In a...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English
  • 日本語