Naga2 casino expected to have 200 tables

NagaCorp, which operates a casino in the Cambodian capital of Phnom Penh, is set to open a new casino in Cambodia, Naga2, in 2017. The company has now confirmed that the resort is expected to contain as many as 200 gaming tables and up to 1,000 slot machines.
The company’s existing resort, Naga casino in Phnom Penh, has seen more mainland Chinese visitors in the wake of President Xi Jinping’s anti-corruption campaign that has deterred gamblers from going to Macau.
However, in spite of this, the company’s chief marketing officer of South East Asia, Mike Ngai, told The Standard that most of the casino customers hail from Southeast Asia, especially Malaysia.
Visitors to the country rose 2.4 percent year-on-year in the first five months of this year to 2 million.
Chairman Timothy Patrick McNally said that the firm is also predicting growth in the revenue generated by NagaCity, a pedestrian mall offering Chinese duty-­free goods in the Cambodian capital.
The company’s net profit jumped 24 percent to USD125.2 million (MOP1 billion) in the first half of 2016, thanks to local economic growth and a rising number of visitors.
At the same time, the company’s revenue from just VIP gaming jumped 26 percent in the first half of the year to USD4.5 billion, with further expectations that the whole year will record growth in excess of 20 percent.
Naga shares jumped 7.24 percent to HKD5.78 on Tuesday – the highest they have been since last September.