Tag Archives: nagaworld
- Cambodia places $16.6M additional tax burden on NagaCorp’s shoulders
July 14, 2017
The Cambodian government has handed the country's top casino operator NagaCorp an additional $16.6 million tax bill on its non-gaming operations. According to the Phonm Penhn Post, the Cambodian government came up with the hefty tax burden after it conducted its first-ever audit of the iconic Phnom Penh hotel and...
- Cambodia casino tax take rises one-third
October 19, 2016
Cambodia’s casino industry contributed one-third more tax over the first nine months of 2016, but it still likely won’t be enough for opposition politicians. According to a finance ministry report issued on Tuesday, Cambodia had 69 licensed casinos as of September 30. Together, these casinos contributed $37.4m in taxes to...
- NagaCorp up in all gaming verticals
August 8, 2016
Cambodian casino operator NagaCorp continued its winning ways in H1 2016, posting a nearly one-quarter gain in net profits. For the six months ending June 30, NagaCorp reported across the board positive numbers at its flagship NagaWorld property in Phnom Penh. Revenue rose 10.3% to $288.5m while profit after tax...
- Entertainment Gaming Asia shrinkage after Cambodia, Philippines slots sell-off
July 12, 2016
Slots operator Entertainment Gaming Asia (EGA) has further streamlined its operations by selling off its slot machines at gaming venues in Cambodia and the Phillippines. In March, EGA rejigged its slots supply deal with NagaWorld, the Phnom Penh casino operated by NagaCorp. The previous deal gave EGA a 25% share...
- NagaCorp’s winning streak continues in 2016 as Q1 revenues reach $154M
April 7, 2016
Cambodian casino operator NagaCorp’s numbers for the first quarter of 2016 show strong growth, which is not surprising continues to experience revenue growth, thanks to the strong execution on all fronts. NagaCorp, which operated NagaWorld, Cambodia’s largest casino, recorded $153.8 million in gross gaming revenue during the first three months...
- 30 Resorts World Sentosa workers lose jobs amid gaming downturn in Asia
February 18, 2016
At least 30 people bade farewell to their jobs at Resorts World Sentosa during the Chinese New Year period. Singaporean news outlet The Straits Times reported that some of those who were let go were from the casino department, including pit managers and cage cashiers. The resort complex employs an...
Philippines can overtake Singapore, but with higher risk
March 21, 2017