NagaWorld reports $1.29B in Q3 gross GAMBLING revenue

. . . bills-in tally
. . . rolling chip turnover

no idea what those phrases mean
how much profit did they wring from gullible, the greedy, and the wretched?

NagaWorld pause a negative for NagaCorp credit: Moody’s
Mar 05, 2021
The temporary suspension of business at Cambodian casino resort NagaWorld, after 11 staff tested positive for Covid-19, is a “credit negative” for its Hong Kong-listed promoter NagaCorp Ltd, said Moody’s Investors Service Inc, in a Wednesday note.

Any “prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality,” said the memo from Junling Tan, Yu Sheng Tay and Vikas Halan.

Moody’s currently considers credit instruments issued by NagaCorp as ‘B1’ – a non-investment grade – with, in NagaCorp’s case, a ‘negative’ outlook.

The Moody’s team stated: “NagaWorld will experience a decline in foot fall because of social distancing and density control measures – as well as health and safety concerns – when the operations resume.”

Business had been “immediately and voluntarily” suspended at NagaWorld (pictured) in the Cambodian capital Phnom Penh, after 11 employees tested positive for Covid-19 amid screening of 3,000 workers, said the resort’s promoter in a Monday filing to the Hong Kong Stock Exchange.

Neither the date the suspension began, nor a possible date for resumption of operations, was mentioned in the filing.

Moody’s said it nonetheless expected NagaCorp’s leverage – as measured by the formula of debt/earnings before interest, taxation, depreciation and amortisation (EBITDA) – to be under 1 times in 2021-2022, versus the institution’s trigger point for a rating downgrade, which would be 2.5 times debt/EBITDA.

This meant NagaCorp had “some capacity to weather any temporary deterioration of earnings,” stated the ratings house.
In full: http://www.ggrasia.com/nagaworld-pause- ... it-moodys/

How many casino corporations worldwide have seen an improvement in their credit ratings and stock price during this time of virus?

https://www.investopedia.com/amp/can-c ... ic-4801265

Except maybe The Las Vegas Sands corporation.

https://www.prnewswire.com/news-releas ... 39369.html

And that’s because they sold their casino.

Just keeping things in perspective.

NagaWorld will eventually reopen after their quarantine intermission.

And the customers will return.

Opps.
This was covered elsewhere.