• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 3 September 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
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
No Result
View All Result
IAG
No Result
View All Result

Mass gaming leads NagaCorp recovery in 1Q22

Ben Blaschke by Ben Blaschke
Mon 4 Apr 2022 at 06:32
CambodiaNaga2

NagaWorld

26
SHARES
659
VIEWS
Print Friendly, PDF & Email

NagaCorp, operator of NagaWorld in Phnom Penh, Cambodia, reported a 13.7% year-on-year decline in gross gaming revenue to US$109.9 million in the three months to 31 March 2022, heavily impacted by the decline of VIP gaming.

However, the 1Q22 results were significantly improved on the final quarter of 2021, while all mass gaming segments showed both year-on-year and sequential improvements following the recent lifting of most COVID-19 restrictions.

According to details released by NagaCorp overnight, VIP rolling fell 92.9% year-on-year to US$177.7 million and VIP GGR by 93.1% to US$4.3 million.

But mass table GGR grew 73.5% year-on-year to US$51.6 million and EGM GGR by 64.1% to US$25.2 million. Premium mass also saw GGR rise by 53.3% to US$28.8 million.

Compared to 4Q21, NagaCorp said its average daily net gaming revenue from the mass table segment grew 52.5% in 1Q22 to US$572,000, with EGMs up 15.2% sequentially to US$280,000 and premium mass by 16.5% to US$212,000.

In total, average daily net gaming revenue across all segments grew by 33.4% sequentially in Q1 to US$1.08 million, up from US$808,000 in 4Q21.

Group-wide Adjusted EBITDA increased 83.3% quarter-on-quarter to US$60.5 million, while the group’s cash and cash equivalents increased from US$102.7 million as of 31 December 2021 to US$162.7 million as of 31 March 2022.

“Such increase is mainly due to the continued recovery of business volumes, improved cost efficiency post rationalization program and prudent cash expenditures [decisions] from the company’s management,” the company said.

NagaCorp, which recently reported a US$147 million loss in 2021, was forced to shut down casino operations from 1 March 2021 until 15 September 2021 due to COVID-19.

RelatedPosts

IAG announces Studio City’s Blind Tiger at W Hotel as Venue for Macau After Dark 24 on Thursday 29 August 2024

Moody’s: Melco to significantly reduce leverage through end-2026 on solid revenue growth, profitability

Wed 3 Sep 2025 at 06:29
Age of Creation

Korea’s Paradise Co back on track in August as casino revenues soar past US$57 million

Wed 3 Sep 2025 at 05:33
Macau’s Legislative Assembly discussing new tour guide law proposing higher penalties for unlicensed guides

Macau GGR tipped to continue positive momentum in September and beyond

Tue 2 Sep 2025 at 11:39
Jeju Dream Tower casino sales down 7.4% in March

Korea’s Jeju Dream Tower stretches run of consecutive volume and visitation growth to seven months as September hits record highs

Tue 2 Sep 2025 at 05:20
Load More
Tags: CambodiacasinoGaminggross gaming revenueNagaCorp
Share10Share2
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 – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

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

Related Posts

Deliver premium live casino experiences that boost revenue

Deliver premium live casino experiences that boost revenue

by Newsdesk
Wed 3 Sep 2025 at 11:53

For online casino operators and live studios, understanding the key components of an exceptional player experience is crucial for standing out in a competitive market. By blending immersive streaming environments with interactive social features, you create an engaging and personalized...

IAG announces Studio City’s Blind Tiger at W Hotel as Venue for Macau After Dark 24 on Thursday 29 August 2024

Moody’s: Melco to significantly reduce leverage through end-2026 on solid revenue growth, profitability

by Ben Blaschke
Wed 3 Sep 2025 at 06:29

Macau’s Melco Resorts & Entertainment is expected to reduce its operating leverage, calculated as Adjusted DEBT/EBITDA, from around 6.7x as of 30 June 2025 to around 5.4x in 2026 due to a continued increase in its revenues and profits. The...

Report shows Genting Malaysia subsidiary ranked sixth for money spent on New York lobbyists in 2020

SPAC firm involved in failed Okada Manila merger and US listing placed into Chapter 11 bankruptcy by founder Jason Ader

by Ben Blaschke
Wed 3 Sep 2025 at 06:06

Controversial businessman Jason Ader has placed his special purpose acquisition company 26 Capital Acquisition Corp into Chapter 11 bankruptcy, citing a slew of unpaid debts. 26 Capital was the company through which Ader had previously sought a merger with Philippines...

Age of Creation

Korea’s Paradise Co back on track in August as casino revenues soar past US$57 million

by Newsdesk
Wed 3 Sep 2025 at 05:33

Leading Korean foreigner-only casino operator Paradise Co reported casino revenue of KRW80.5 billion (US$57.7 million) in August, representing an 11.7% year-on-year increase and 7.0% higher than July. Regaining the impressive momentum it has demonstrated since the start of the year...

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

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
  • 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