NagaCorp H1 2025 GGR rises 17% to $332.3m
Gaming tables led the way as casino operator experienced upswings across the board.
Key points:
– NagaCorp has posted its full H1 2025 results
– GGR rose 17% year-on-year to $332.2m, with upswings recorded company-wide
– Gaming tables were by far the operator’s most lucrative segment regarding revenue
NagaCorp has reported its official financial results for the first half of 2025, unveiling a gross gaming revenue (GGR) figure of $332.3m for the period, up 17.2% in comparison to results from the same period of the prior year.
Overall revenue (with hotel related income included) reached $341.8m for H1 2025, up 15.5% year-on-year. Indeed, the hotel and casino operator’s full results highlight positive rises across the board with net profit soaring by 68.8% in comparison to results from the prior year.
NagaCorp results at a glance
The hotel and casino operator has experienced a positive rate of growth over the course of the first half of this calendar year, with its year-on-year rise in GGR being complemented by a net gaming revenue (NGR) of $292.2m, also up 19.9% compared to the first half of 2024. Gross profit also rose by a similar amount (19.4%), settling at a figure of $275.9m for H1.
Regarding EBITDA, NagaCorp has revealed a figure of £200.3m for H1 2025, up from the $144.6m recorded during the first half of the prior calendar year and complemented by a margin of 58.6%, up from last year’s 49.4% margin. Net profit, up 68.8%, also settled at a figure of $148.8m – with a margin of 43.5%.
H1 results by sector
By company segment, gaming tables was by far the most lucrative for NagaCorp – turning over a revenue of $262.1m during H1, up 16.6% year-on-year. Trailing behind from the company’s casino operations, electronic gaming machine revenue hit $70.2m during the first half of 2025, rising from $61.3m recorded in the first half of 2024.
Outside of gaming, hotel-related revenues were also subject to a modest upswing of 2% year-on-year – settling at $9.6m during the H1 period.
Good to know: Despite being a Cambodia-based entity, NagaCorp’s most recent financial results remain largely unaffected by the PM’s recent ban on new casinos in southern provinces
Indeed, the economic development of the Cambodian nation was cited as a key catalyst for future company growth by Naga Corp’s Executive Directors as part of this latest report, with the company stating: “As the only integrated resort operating in Phnom Penh, NagaWorld continues to benefit from this ongoing tourism recovery. Supported by steady economic growth, NagaWorld is well-positioned to benefit from the increasing influx of both leisure and business travellers.
“Cambodia’s economic growth continues to be supported by rising inflows of FDI and broader engagement with global trade partners in key sectors including agriculture, manufacturing, and tourism. These trade agreements have not only strengthened diplomatic and economic ties among member countries but have also contributed to greater regional integration, facilitating the movement of goods and people and supporting the recovery of both leisure and business travel.”
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