Cambodian gaming operator NagaCorp announced that for the nine months ending September 30th, 2024, the group achieved gross gaming revenue of $411 million, an increase of 8.4 percent year-on-year, and net gaming revenue of $359 million, an increase of 10.6 percent year-on-year.
The update was released in a voluntary announcement on the Hong Kong Stock Exchange on Wednesday after trading hours.
The mass market and referred VIP market drove the growth, with mass market GGR reported at $290 million, an increase of 17.3 percent from the same period last year. The referred VIP market’s GGR increased by 23.8 percent year-on-year to $39.8 million.
In a previous financial update one month ago, the gaming operator flagged a significant financial reversal, as NagaCorp reported a loss of $963,000 for the first half of 2024, compared to a profit of $82.97 million in the same period of 2023.
The group had indicated an expected loss of between $6.9 million and a profit of $3.1 million, largely linked to an impairment related to its gaming and resort project in Vladivostok, Russia.
