NagaCorp succeeded in posting a net profit of $102.3 million in 2020 despite the Covid-19 pandemic, driven by a strong recovery in the second half, led by the premium mass sector.
Donaco International said it expects to see a pick up in its slot machine business at the Star Vegas casino in Cambodia after new management restructured the machines to better suit the taste of its clients.
Hong Kong-listed NagaCorp has announced the voluntary suspension of operations at its NagaWorld property in Phnom Penh after several staff were found positive for Covid-19, as well as a rise in Covid-19 community transmissions in the country.
Authorities in Sihanoukville have warned visitors not to come to the city and urged its residents to stay in place to curb the spread of a new outbreak of Covid-19.
Donaco International, the operators of casinos in Cambodia and Vietnam, said it had positive EBITDA of A$0.2 million in the first half of the fiscal year after the final three quarters of the year generated $2.7million. Revenue declined to $6.3 million from $40.9 million.
Cambodia and Macau are expected to lead the recovery in Asia-Pacific gaming this year, trailed by Singapore and the Philippines, according to a report from Colliers International. Cambodia's gross gambling revenue may hit 60 percent of its pre-Covid base.
Fitch Ratings predicts a slow return in international tourism flows across the Asia Pacific to begin in 2H21, but arrivals will remain well below pre-pandemic levels and projections will depend on virus containment and effective vaccine distribution.