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Rating agency S&P Global Ratings said in a recent report that despite an improvement in the financial outlook for Cambodian gaming operator NagaCorp, it does not expect the scale of its gaming operations to return to pre-pandemic levels.
The agency said Cambodia’s leading gaming operator’s refinancing risk was significantly reduced and its liquidity position improved significantly after it repaid its outstanding senior unsecured notes in July this year.
NagaCorp has also managed cash flow prudently since 2022, prioritizing debt repayment and limiting cash dividends and capital expenditure (capex).
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