Naga profits hit jackpot again

[geovalin]

Cam McGrath

 

NagaCorp’s winning streak shows no signs of letting up, with the Hong Kong-listed casino operator posting another impressive half-year result, reporting profits up more than 20 percent year-on-year during the first six months of 2017 on a surge in VIP rollings and visits to its main gaming floor.

 

Gross gaming revenue soared nearly 40 percent year-on-year to $386.8 million at its NagaWorld hotel and casino in Phnom Penh, while net profit increased 20.3 percent to $150.6 million, the company said in a filing late Monday of unaudited results for the first six months of 2017.

 

The company attributed the growth and business volumes to the continued confidence in Cambodia’s political climate and social order, which it said had created favourable economic conditions and was increasing visitation, especially from China. It added that “confidence in the operating environment leads to increasing economic activity, resulting in increasing numbers of investors and a growing expat population in Phnom Penh and driving footfall into NagaWorld.”

 

read more http://www.phnompenhpost.com/business/naga-profits-hit-jackpot-again

 

 

-- © Copyright Phenom Pen Post 12/07

[yellowboat]

Wow, hope the government builds a few schools with that sort of tax revenue.

[Mad mick]

1 hour ago, yellowboat said:

Wow, hope the government builds a few schools with that sort of tax revenue.

Hun sen in your dreams they Khmer people hate him does nothing for impovrished rural area .look at the roads all rubble just his commo mates + him have there pockets full $1s US .