Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
NAGACORP LTD.
金界控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 3918)
VOLUNTARY ANNOUNCEMENT
UNAUDITED OPERATIONAL HIGHLIGHTS (GAMING)
FOR THE THREE MONTHS ENDED 31 MARCH 2021
The board of directors (the "Board") of NagaCorp Ltd. (the "Company") is pleased to announce the unaudited operational highlights of the gaming branch of the Group for the three months ended 31 March 2021. This is a voluntary announcement made by the Company to provide the shareholders and potential investors of the Company with a business update and the information contained in this announcement is based on a preliminary assessment of the Group and the information currently available to the Company and is not based on any figure or information which has been audited or reviewed by the auditor of the Company.
Shareholders and potential investors of the Company are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company.
Operational Highlights
The Company together with its subsidiaries (collectively referred to as the "Group"), have continued to record recovery of the gaming business volumes in the first quarter of 2021 ("1Q2021"), prior to 20 February 2021 COVID-19 community spread incident, public floor tables average daily buy-ins and electronic gaming machines ("EGM") average daily bills-in recorded recovery rate (compared to the period of 1Q2020) of about 99%. Furthermore, Mass Market segment average daily volume recorded positive sequential growth compared to the second half of 2020 ("2H2020"), which reflects the gradual growth trend observed, whereby public floor table average daily buy-ins and EGM average daily bills-in grew by 5.2% and 3.6%, respectively, compared to the respective average daily volume recorded in 2H2020.
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The recovery of the Mass Market segment business volumes was largely contributed by a reasonably sized expatriate community and to some extent, visitors from East Asia (mainly from China, South Korea and Taiwan) patronising NagaWorld in search of entertainment. With its attractive and quality facilities and located strategically in the city-centre, NagaWorld has since its inception been the focal point of leisure and entertainment activities in Phnom Penh, Cambodia. Despite the regional travel restrictions and reduction in most international flights, the Group's Mass Market segment remains stable.
The Group's 1Q2021 business volumes recovery is indicated in the following table:
Recovery | |||
1Q2021* | 1Q2020 | Percentage | |
Average Daily Volume | (US$' 000) | (US$' 000) | % |
Mass Market Business: | |||
- Public Floor Tables Buy-ins | 3,741 | 3,762 | 99.4% |
- EGM Bills-in | 5,441 | 5,524 | 98.5% |
VIP Business: | |||
VIP Rollings | 56,604 | 106,519 | 53.1% |
- Period covers from 1 January 2021 until 20 February 2021, prior to the 20 February 2021 COVID-19 community spread and subsequent voluntary temporary suspension of business operation.
The Board is pleased to announce the unaudited operational highlights of the gaming branch of the Group for the three months ended 31 March 2021 as tabulated in the following table:
Unaudited figures | |
for the 3 months ended | |
31 March 2021 | |
(US$' 000) | |
Gross Gaming Revenue ("GGR") | 127,337 |
Net Gaming Revenue | 72,604 |
Mass Market Business: | |
- Mass Tables Buy-ins | 202,109 |
- Mass Tables GGR | 29,724 |
- EGM Bills-in | 297,653 |
- EGM GGR | 17,104 |
VIP Rollings | 2,906,273 |
VIP GGR | 80,509 |
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DISCLAIMER
The above figures, including average daily gaming business volumes (from which revenues are derived based on the actual daily percentage win-rates recorded by the Group) and average daily GGR contained in this announcement are for illustrative purposes only, and do not constitute forward looking statements or profit numbers. These business volumes are shown on a basis that is consistent with the presentation of such information in the Company's annual and interim reports.
The Company wishes to provide the shareholders and potential investors of the Company with a business update and the information contained herein is based on a preliminary assessment of the Group and the information currently available to the Company and is not based on any figure or information which has been audited or reviewed by the auditor of the Company.
Shareholders and potential investors of the Company are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company.
By Order of the Board
NagaCorp Ltd.
Lam Yi Lin
Company Secretary
Hong Kong, 1 April 2021
As at the date of this announcement, the directors of the Company are:
Executive Directors
Tan Sri Dr Chen Lip Keong, Philip Lee Wai Tuck and Chen Yiy Fon
Non-executive Director
Timothy Patrick McNally
Independent Non-executive Directors
Lim Mun Kee, Michael Lai Kai Jin and Leong Choong Wah
This announcement is published on the Company's website at www.nagacorp.com and the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk.
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Nagacorp Ltd. published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2021 11:29:03 UTC.