February 22, 2019
NagaWorld casino sees net profit of more than $390M last year
Phnom Penh's NagaWorld casino posted a 53 per cent net profit increase last year at $390.6 million, a sum which is almost equal to the combined net profit of all Cambodian commercial banks in 2017.
NagaWorld's parent company, NagaCorp Ltd, is listed on the Hong Kong stock exchange (SEHK stock code: 3918).
It released its annual financial report for last year, showing a 55 per cent increase in gross gaming revenue to $1.4 billion and net profit jumped 53 per cent to $390.6 million. NagaCorp reported paying $8.81 million in income tax last year.