Naga profits spike on surge of China visitors

CASINO operator NagaWorld reported a nearly 20 per cent increase in net profits in the first half this year, earning about $180 million over the period, thanks to a surge of Chinese visitors, a company announcement said.

Its statement said the growth in volume is attributable to increasing visits at both Naga 1 and Naga 2, particularly from Chinese tourists, whose numbers grew 79 per cent in the first four months of this year.

“Phnom Penh has come of age as an attractive location and preferred destination for operators and players coming from both Southeast Asia and East Asia, especially China,” the NagaWorld statement says.

“This allows the group to further penetrate new markets, fueling business growth and expansion.”

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