NagaWorld posts $136M profit
On the back of a quest for high-rolling Chinese clients, NagaWorld’s gross gaming revenue soared 17 per cent in 2014, although profits were slightly down due to rising costs and lower profit margins from VIP customers. Gross gaming revenue clocked in at $381.4 million for 2014, while net profit decreased 3 per cent to $136 million. The Hong Kong-listed NagaCorp said, however, that excluding a $15 million fee paid to an electronic gaming operator in 2013, NagaWorld’s net profits were up 9 per cent. …
Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-posts-136m-profit
