One of the most popular platforms, available in Macau, Suncity Group, has recently considered start sending its VIP players to the property of NagaCorp Ltd. in Cambodia. That is the information, released by Union Gaming research Macau Ltd.
According to the latest announcements, made by representatives of casino venues in Macau, the situation remains unstable and unpredictable. The only thing that is certain is the fact that revenues are likely to be a subject to even more rapid downfall and the pessimistic tendency will last at least a few more months.
Casino owners faced up tough issues and the current crisis made them think of unusual approaches towards making the complicated situation a bit more bearable. The latest venture of Suncity is just another vivid example for that.
NagaWorld has been participating in the VIP programme for more than a year and it succeeded in popularizing its products and services and made managers of casinos discuss opportunities for taking advantage of appealing deals.
According to representatives of Suncity, VIP players are about to be sent to NagaWorld in less than two weeks. The note released says that the new venture will be started at the beginning of December. It was also mentioned in the note that the company does not expect an extraordinary success and yet, the expectations are for keeping up with what Asian Nations provides Suncity with.
Asian Nations has been working in collaboration with NagaWorld for three months and it sends players to jurisdictions, based outside Macau.
It was also mentioned in the note that the collaboration between the Asian Nations and Naga has been successful so far and the results are satisfactory. The monthly rate is estimated to be $150 million. Managers were willing to give further information to journalists and said that they prefer to set achievable goals rather than to get disappointed at the end. They also added that the rolling chip volume is equal to 1% of the chip volume of the company in Macau.
NagaCorp is legally allowed to operate on the territory of Cambodia for 70 years and its licence is supposed to expire in 2065. The company is also believed to be the monopolist in the region of Phnom Penh. It will be available in that area until at least 2035. Currently, NagaWorld has approximately 170 tables and a considerable number of various gaming machines and it continues growing and providing players with new gaming opportunities.
Three months ago, right before signing the contract with Asian Nations, Tim McNally, a chairman of NagaCorp, commented that the company is absolutely prepared to join forces with at least seven junket operators, related to the gambling sector in Macau.
A revenue of more than $90 million was reported at the end of the third quarter, which means that the company is getting more and more popular. The rapid increase in sales was defined as a “robust volume growth” by several market experts.
