NagaCorp Reports Good Recovery in Average Daily Gaming Volumes

Casino operator and developer NagaCorp has reported a “relatively good recovery and sustenance” in average daily gaming volumes for the two months ending September 30.

Despite undergoing a long closure starting in April due to Covid-19 measures, the company has seen good results since being allowed to reopen its VIP gaming tables and slot machines on July 8, and mass market gaming tables on July 19.

According to the company’s filing, the average daily business volumes for its mass-market gaming segment in August-September recovered to 97% of the average seen in Q1 2020 before the closure of the casino in April.

The daily average of mass-market table buy-ins stood at US$3.50 million for the August-September period, compared to US$3.76 million in the opening quarter of 2020. The average daily volume from electronic gaming machines (EGMs) was back to regular levels, at US$5.54 million. VIP rolling chip turnover daily volume was nearly US$76.10 million in the two months to September 30, versus US$106.5 million in Q1.

NagaCorp said: “After reopening of casino operations in July 2020, the premium-mass segment has been the key mass-market revenue growth driver.”

The company said the recovery in VIP business volume has been “largely driven by a sizable number of expatriates currently living and conducting business in Cambodia.”