NagaCorp Strengthens Despite Challenges

NagaCorp (HK:3918) has released an update.

NagaCorp Ltd. reports a 12.3% increase in Gross Gaming Revenue to US$283.4 million and a 14.0% rise in gross profit to US$231.0 million for the first half of 2024, despite a net loss of US$1.0 million due to a non-cash impairment on the Vladivostok Project. The company’s Mass Market segment showed significant growth, driving business with a 17.8% increase in revenue. Financial stability is highlighted by the successful discharge of US$472.2 million senior notes and a stable outlook from credit rating agencies.

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