Phnom Penh's only licensed casino sees drop in revenues as VIP customer spending plummets despite slot machine gains
NAGAWORLD'S first-half profits fell 55 percent year-on-year as falling income from high-rolling gamblers dwarfed a more than 1,000 percent gain in income from slot machines, the owner of the casino and hotel operator said in a statement to the Hong Kong Stock Exchange.
First-half profits after tax fell to US$11.5 million, or $0.006 per share, in the six months to the end of June, down from $25.5 million, or US$0.012 a share last year as casino revenues slumped 41.7 percent to $63.6 million from $109.1 million, Saturday's statement said. Click to read more...
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