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So with Ben landing in his latest leap, Magic gives the order to unplug Ziggy and take the system offline while they figure out exactly what’s going on. Thanks to some insight from Janis Calavicci, the Quantum Leap team suspects their supercomputer Ziggy might be the mole who’s been working against them all along. “We believe that the long-term prospects and outlook of the Company are favourable, with the return of tourism and continued investment in the local Cambodian economy,” concluded McNally on the company’s future outlook, expressing the Board’s appreciation to employees, shareholders, customers and suppliers.The entire first season of NBC’s Quantum Leap revival has been leading to this - and with only one episode left - Ben finally finds what he’s been looking for since that fateful leap that started it all. Non-gaming revenue of the company increased significantly year-over-year positively impacted by the reopening of business operations and the easing of travel policies in Cambodia and other countries in the region that increased footfall and occupancy rates. The company’s non-mass referral VIP business declined during the year but as the number of direct flights to Phnom Penh continued to increase, the average daily numbers posted stable growth. Both mass market and premium market gaming contributed about 94% of NagaCorp’s total gaming revenue. NagaCorp reported that the average daily business volumes for its mass market and premium market segments in the year have recovered by 76.8% and 66.7%, respectively, compared to the pre-pandemic peaks in 2019. The recovery of Cambodia tourism and visitations to NagaWorld also contributed to the bottom line of the operator.

The stable financial results were attributed to the gradual reopening in ASEAN and continued stringent cost control measures which resulted in a higher profit margin. The huge increase in EBITDA allowed NagaCorp to register a net profit of $107.3 million for the year as compared to a loss of $147 million in 2021. 50% of it, or $189.8 million, came from mass market table gaming, mass market electronic gaming machines contributed an additional 28%, or $103.9 million.ĮBITDA for the twelve months at the gaming and hospitality operator listed on the Main Board of The Stock Exchange of Hong Kong came at $245.4 million. Gross profit for the largest hotel, gaming and leisure operator in Cambodia was $376 million, up 162% on the previous year but down 55.6% compared to the pre-pandemic 2019.

“The gradual recovery of our business and resiliency of our earnings in the face of major market disruptions placed NagaCorp as only one of the two regional gaming companies to achieve profitability during the period,” McNally stated. Turning to the company’s shareholders, Timothy Patrick McNally, chairman of NagaCorp, highlighted the positive operational and financial results of the business that was impacted by the pandemic in the previous two years. Compared to 2019 ($1.755 billion), 2022 revenue is down by 73.8%, casting aside any notion of pre-pandemic recovery. Positive Financial Resultsįor the twelve months ended December 31, 2022, NagaCorp generated revenue of $460.7 million, more than doubling its 2021 reading of $225.9 million.

NagaCorp Ltd, a company incorporated in the Cayman Islands with limited liability and operator of NagaWorld integrated casino resort in Phnom Penh, Cambodia, published its full-year 2022 financial results, posting a net profit.

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