Cambodian gaming operator NagaCorp has reported a 17.7 percent year-on-year increase in gross gaming revenue for the first quarter of 2025, reaching $171 million.
Net gaming revenue for the period totaled $148 million, reflecting a 20.6 percent growth compared to the same quarter last year.
The company shared these figures in a voluntary update filed with the Hong Kong Stock Exchange on Monday.
According to the unaudited data, the mass market segment saw a 4.8 percent year-on-year increase in total wagers on gaming tables and electronic gaming machines, amounting to $997 million. Gaming revenue in this segment rose by 17.9 percent, totaling $109 million.
The high-end VIP market also performed strongly, with turnover reaching $2.01 billion—a remarkable 72.6 percent increase from the previous year. Gaming revenue in this segment grew by 20.6 percent, reaching $42.86 million.
In the referred VIP market, turnover rose by 41.3 percent year-on-year to $496 million, while gross gaming revenue increased by 11 percent, amounting to $19.28 million.
