Cambodian casino operator NagaCorp posts a positive result attributable to the increase in business volume across all segments of the gaming business.
The more profitable mass market business saw table buy-ins rise 18% to $550.2 million and electronic gaming machines bills-in increased by 16% to $1.4 billion.
NagaCorp’s deal with Macau casino junket operators paid off with VIP rolling chip turnover rise 27.3% to $7.9 billion and a win rate of 2.8%.
Overall, the company posted a net profit of $172.6 million, up by 26.8%. Revenue for the period increased by 24.6% year-on-year to $503.7 million.
Earnings before interest, taxation, depreciation and amortization (EBITDA) reached $228.5 million, up 30% from the prior-year period.
The company’s gross gaming revenue (GGR) increased 26% to $480.6 million in 2015, which included 257.7 million from mass-market play, up 33.4%, and $222.9 from the VIP segment, an increase of 18.5%.
According to the filing, the board has recommended the payment of a final dividend of US cents 1.89 per ordinary share of the company for the year. The final dividend is expected to be paid on May. 10, 2016.