NagaCorp casino 2016 profits show modest growth

Cambodian casino operator NagaCorp Ltd posted a net profit of $184.2 million last year, a 7 percent increase over the previous year, with growth largely tempered by a lacklustre surge in business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh.

While still posting sizeable profits for 2016, growth was far less encouraging than the 27 percent surge in net profit registered for 2015.Gross gaming revenue (GGR) increased 4 percent to $500.8 million, the Hong Kong-listed firm said in a filing released on Wednesday. …

 Kali Kotoski
http://www.phnompenhpost.com/business/nagacorp-casino-2016-profits-show-modest-growth

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