NagaWorld Reveal “Positive Sequential Growth”

Hong Kong’s NagaWorld is recovering after February’s Covid-19 population spread, according to NagaCorp’s financial report for the first quarter of 2021.

The article spoke about the company’s average daily amount in the first quarters of 2021 and 2020.

NagaWorld produced $3.74 million (£2.70 million) for table buy-ins, compared to $3.76 million in the first quarter of 2020, suggesting a 99 percent recovery rate.

EGM Bills-in also has a 99 percent recovery rate, as it raised $5.52 million in 2020 and $5.44 million this year.

The daily average for table buy-ins and EGMS, according to the group, was already higher before the February epidemic. The business had “positive sequential growth” compared to the second half of 2020.

It said: “Public floor table average daily buy-ins and EGM average daily bills-in grew by 5.2 percent and 3.6 percent, respectively, compared to the respective average daily volume recorded in 2H2020.”

“Reasonably sized expatriate community”

The rebound this year seems to have been aided by a “reasonably sized expatriate community” and tourists from East Asian countries such as China, South Korea, and Taiwan.

The business generated $127 million in gross gaming revenue (GGR) and $73 million in net gaming revenue in the first three months of 2021. Mass tables buy-ins tallied $202 million, with a $30 million GGR, while mass EGM bill-ins totalled $298 million, with a $17 million GGR.

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