Revenue from casino and hotel operations for H1 was $377,5m, a decline from $891,6m in 2019. Gross profit stood at $173.9m, almost half of $408,3m for the six months the previous year. While GGR from the VIP market didn’t reach the $649,9m from the previous year, it still was the largest contributor to profits with $270.9m in revenue.
Despite the pandemic and temporary closure of the casino, NagaWorld managed to attract a decent number of visitors, including Chinese clientele who were in Cambodia when the borders closed. The group’s construction of a new property in Russia also remains intact, with the group stating it “anticipates that this development project in Vladivostok remains broadly on track to commence operation by 2022.”
