Profits up 20+ percent
An extension of NagaCorp’s flagship NagaWorld in Phnom Penh will open in October, says company Chairman Tim McNally. The TSCLK Complex, or Naga2 will link to NagaWorld by an underground shopping mall called NagaCity Walk, which opened in August 2016.
In a release, NagaCorp wrote, “The opening of Naga2 will enhance NagaWorld’s appeal to both the mass market and VIP market across the region and further cement NagaWorld as the entertainment center in Mekong region.”
Naga2 will boost the gaming space on the property with room for up to 300 tables and 500 slot machines, according to NagaCorp’s website. It will also include 38 VIP rooms, reported GGRAsia.
Union Gaming analyst Grant Govertsen said Naga2 will benefit from more air connections between China and Cambodia. NagaCorp recorded a 20.3 percent year-on-year increase in net profit to US$150.6 million for the first half of 2017, the firm reported last week. GGR grew 39.6 percent to US$386.8 million at NagaWorld.
