NAGACORP
- Company typePublic
- Founded1995
- HeadquartersWan Chai, Hong Kong SAR China
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
NAGACORP firmographics
Firmographics- Name
- NAGACORP
- Legal name
- NagaCorp Ltd
- Website
- https://nagacorp.com
- Company type
- Public
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
NAGACORP industry classification
Industry- Product category
- Integrated Resort & Casino Gaming
- NAICS
- Casinos (except Casino Hotels) (71321)
- akta.pro primary industry
- Tribal/Indigenous Casino Hotels (THAGAJAE)
Keywords
Where NAGACORP is headquartered
LocationHeadquarters
- HQ city
- Wan Chai
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices3 records
Markets served
NAGACORP business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Mass Market Gaming: Revenue from public floor gaming tables and electronic gaming machines. Mass Market contributed US$485.0 million (68% of total revenue) in FY2025 with gross profit of US$435.9 million and margin of 90%.
- Premium VIP Gaming: Premium VIP market segment with rollings of US$5.5 billion in 2025. Contributed US$136.2 million (19% of total revenue) in FY2025 with gross profit of US$109.5 million and margin of 80%.
- Referral VIP Gaming: Referral VIP market segment with rollings of US$2.3 billion in 2025. Contributed US$70.4 million (10% of total revenue) in FY2025 with gross profit of US$16.3 million and margin of 16%.
- Non-Gaming Revenue: Hotel, F&B, retail, and entertainment services. Contributed US$18.1 million (3% of total revenue) in FY2025 with gross profit of US$15.2 million and margin of 84%.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Mass Market Gaming - 7% of GGR |
| Transaction based/ take rate | Pay-as-you-go | Non-Mass Gaming (VIP) - 4% of GGR |
| Subscription | Pay-as-you-go | Hotel and Hospitality Services |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
NAGACORP product offering
Product offeringCore offering
NagaCorp operates NagaWorld, the largest Integrated Resort in the Mekong Region located in Phnom Penh, Cambodia, offering gaming (mass market tables, electronic gaming machines, premium VIP, and referral VIP), hotel accommodations, food and beverage outlets, retail, and entertainment facilities across its Naga 1 and Naga 2 properties. The company holds a 70-year gaming license until 2065 and a monopoly within a 200KM radius of Phnom Penh until 2045.
Product overview
NagaCorp Ltd operates NagaWorld, the largest Integrated Resort in the Mekong Region and Phnom Penh's only Integrated Resort. The company offers a comprehensive suite of lifestyle gaming and tourism products and services through its integrated properties: Naga 1 (original resort), Naga 2 (expansion), and upcoming Naga 3. Operations include mass market gaming, premium VIP gaming, electronic gaming machines, hotel accommodations, F&B outlets, and entertainment. NagaFarm provides farm-to-table produce, while NagaWorld Rewards offers a loyalty programme. NagaWorld Kind Hearts is the company's CSR initiative. The gaming license runs until 2065 with regional monopoly until 2045.
Differentiator
Problem solved
Functional benefit
Brands
- NagaWorld: Multi-award winning, world class Integrated Resort in Phnom Penh, Cambodia, operating casino, hotel, dining, shopping and entertainment facilities.
- Naga 1
- Naga 2
- Naga 3
- NagaWorld Kind Hearts
- NagaWorld FC
- NagaFarm
Products and services
- NagaWorld Integrated Resort
- Naga 1
- Naga 2
- Mass Market Gaming
- Premium VIP Gaming
- Referral VIP Gaming
- Non-Gaming Hospitality Services
- NagaFarm
- NagaWorld Rewards
Quantifiable outcome
- Gross Gaming Revenue of US$691.6 million in FY2025
- +6 more outcomes
Companies that use NAGACORP
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
NAGACORP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
NAGACORP partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- LexisNexiscoreLong-term agreement signed in August 2020 with LexisNexis as preferred vendor for enhanced Know Your Customer, Customer Due Diligence, Enhanced Due Diligence, Politically Exposed Persons and Transaction Monitoring systems to strengthen AML compliance controls.
- JB Advisory Services Ltd. (JBAS)coreIndependent security and risk management consultancy conducting bi-annual reviews of NagaCorp's AML controls. Founded by a twenty-year veteran of the industry in 2020. Provides external audit of AML procedures as Tier 4 of the four-tier AML control structure.
- Gomi RecycleminorRecycling partner for the Clean and Green School Programme managing plastic waste collection and recycling.
- EcoBatt CambodiaminorPartnered with EcoBatt Cambodia to recycle used alkaline batteries as part of electronic waste management.
- Ministry of Education, Youth and SportcorePartnership for Clean and Green School Programme launched November 2024, engaging 67 secondary schools across 14 districts in Phnom Penh. Also partner for Digital Literacy Programme donating computer sets to schools.
- Ministry of EnvironmentcoreMoU signed in 2025 to support Green Cambodia: Tree Planting Programme and Green Sprout campaign. Supporting Ministry's nurseries to produce up to three million saplings for nationwide distribution. Committed US$100,000 over four years (2025-2028).
- Ministry of Culture and Fine Arts (Cambodia)corePartnership with Ministry of Culture and Fine Arts and UNESCO Cambodia for 'Shadows Beyond Time - Sbek Thom' initiative in November 2025, celebrating the 20th anniversary of Sbek Thom's UNESCO Intangible Cultural Heritage inscription.
- Cambodian Red CrosscoreLong-standing supporter of Cambodian Red Cross, donating US$2 million in 2025. Contributing to nation-building and social welfare.
- NagaWorld FCcoreFootball club supporting community outreach through youth football clinics and tournaments. Men's team competes in Cambodia Premier League and Hun Sen Cup. Women's team competes in Cambodia Women's League.
- Tourism PartnersminorPartnerships with travel agencies and tour operators to promote Cambodia tourism and attract international visitors to NagaWorld.
- Local Agricultural CooperativesminorPartnerships with local farmers and agricultural cooperatives for fresh produce sourcing, supporting local SMEs and livelihoods in Cambodia.
- ecoSPIRITSminorUsed ecoSPIRITS' refill system for premium spirits resulting in lower glass and cardboard waste.
Scale indicators21 records
Recent moves9 records
Expansion highlights6 records
NAGACORP competitors and assessment
Company assessmentDirect peers
- Wynn Macau: Wynn Macau operates two integrated resort properties (Wynn Macau and Wynn Palace) in the Macau SAR, serving premium mass and VIP customers. Comparable to NagaCorp's Premium VIP and mass market segments, with similar luxury integrated resort positioning in the Asia-Pacific gaming market.
- Galaxy Entertainment Group: Galaxy Entertainment operates integrated resorts in Macau including Galaxy Macau and StarWorld Hotel, targeting mass market and VIP gaming segments. Directly comparable to NagaCorp as an Asian integrated resort operator with similar gaming/hospitality revenue mix, though operating in the more mature Macau market.
- Bloomberry Resorts Corporation: Bloomberry operates Solaire Resort & Casino in Manila, Philippines, an integrated resort with gaming, hotel, and entertainment facilities. Comparable to NagaCorp as a single integrated resort operator in an Asian emerging gaming market with mass market and VIP gaming segments under a regulated license.
- SJM Holdings: SJM Holdings operates the Grand Lisboa and other casinos in Macau, holding one of three gaming concessions in Macau. Comparable to NagaCorp as an Asian gaming concession holder operating integrated resort properties with gaming, hotel, and F&B components in a regulated monopoly-like structure.
- MGM China Holdings: MGM China operates MGM Macau and MGM Cotai integrated resorts in Macau. Comparable to NagaCorp as a concession-holding integrated resort operator in Asia with premium mass market focus, luxury hospitality, and gaming operations under a regulated market structure.
- Melco Resorts & Entertainment: Melco operates City of Dreams and Studio City integrated resorts in Macau plus City of Dreams Mediterranean in Cyprus. Direct peer through Asian integrated resort operations with mass market and VIP gaming segments, luxury hotel, F&B and entertainment offerings similar to NagaCorp's mix.
- Genting Singapore: Genting Singapore operates Resorts World Sentosa, a major integrated resort with gaming, hotel, and Universal Studios theme park. Comparable to NagaCorp's NagaWorld as a single-property integrated resort operator in Asia with a regulated gaming license and monopoly-like positioning within its market.
Broad incumbents
- Las Vegas Sands: Las Vegas Sands operates Marina Bay Sands in Singapore and previously operated Sands properties in Macau before exiting. A broader incumbent in the Asian integrated resort space with significantly larger scale and multiple properties, comparable to NagaCorp through its integrated resort business model but operating at much greater scale and in more mature markets.
Regional players
- Donaco International Limited: Donaco operates the Star Vegas Resort & Club in Cambodia and the Aristo International Hotel in Vietnam, both border-area casino properties. The closest geographic peer to NagaCorp with overlapping regional customer base in the Mekong region, though focused on border-area operations rather than a capital city integrated resort.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
NAGACORP social profiles
Digital presenceNAGACORP compliance and trust
Trust signalCompliance8 records
NAGACORP financial estimates
Financial estimateRevenue estimate
Valuation estimate
NAGACORP leadership team
Management profileNumber of profiles
Profiles11 records
NAGACORP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NAGACORP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NAGACORP
What does NAGACORP do?
NagaCorp operates NagaWorld, the largest Integrated Resort in the Mekong Region located in Phnom Penh, Cambodia, offering gaming (mass market tables, electronic gaming machines, premium VIP, and referral VIP), hotel accommodations, food and beverage outlets, retail, and entertainment facilities across its Naga 1 and Naga 2 properties. The company holds a 70-year gaming license until 2065 and a monopoly within a 200KM radius of Phnom Penh until 2045.
Is NAGACORP a public or private company?
NAGACORP is a public company. It is classified as public and is currently operating.
When was NAGACORP founded?
NAGACORP was founded in 1995. It employs 5,001 to 10,000 people.
Where is NAGACORP based?
NAGACORP is headquartered in Wan Chai, Hong Kong SAR China, in the Asia region.
How does NAGACORP make money?
Four revenue lines are on record. Mass Market Gaming is the primary driver. The others are premium VIP Gaming, referral VIP Gaming and non-Gaming Revenue.
Who are NAGACORP's main competitors?
Direct peers on record are Wynn Macau, Galaxy Entertainment Group, Bloomberry Resorts Corporation, SJM Holdings, MGM China Holdings, Melco Resorts & Entertainment and Genting Singapore. Las Vegas Sands is listed as a broad incumbent. Donaco International Limited is listed as a regional player.
Does NAGACORP have an API?
No public API is recorded for NAGACORP.
What industry is NAGACORP in?
NAGACORP's product category is Integrated Resort & Casino Gaming. Its primary akta.pro industry code is THAGAJAE, Tribal/Indigenous Casino Hotels. Its NAICS code is 71321.