Logo of Phnom Penh Post newspaper Phnom Penh Post - Naga 2 expected to pull in $113M in first year

Naga 2 expected to pull in $113M in first year

Naga 2 expected to pull in $113M in first year

Naga 2, a massive hotel and gaming extension to the NagaWorld casino and resort in Phnom Penh, is projected to produce $113 million in total earnings reported before interest, taxation, depreciation and amortisation (EBITDA) during its first full year of operations, gaming news site GGRAsia said yesterday, citing a projection issued by Asia equity research and brokerage firm Union Gaming Securities Asia Ltd.

“Our model currently contemplates an incremental $113 million in EBITDA at the corporate level during Naga 2’s first full year of operations (2018), which includes some cannibalisation of the existing NagaWorld asset,” it quoted the report as stating. Naga 2 is expected to include 1,000 new hotel rooms, with 300 gaming tables and 500 electronic gaming machines when it opens later this year.

MOST VIEWED

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Businesses in capital told to get travel permit amid lockdown through One Window Service

    The Phnom Penh Municipal Administration has issued guidelines on how to get travel permission for priority groups during the lockdown of Phnom Penh, directing private institutions to apply through the municipality's One Window Service and limit their staff to a mere two per cent. In

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Ministry names types of business permitted amid lockdown

    The Ministry of Labour and Vocational Training singled out 11 types of business that are permitted to operate during the lockdown of Phnom Penh and Takmao town, which run through April 28. Those include (1) food-processing enterprises and slaughterhouses; (2) providers of public services such as firefighting, utility and