NagaCorp reported first-quarter 2026 gross gaming income of US$174.7m at its NagaWorld resort in Phnom Penh, according to its filing. Mass-market table revenue rose 23.9% to US$91.3m, while direct VIP gross gaming revenue fell 16.2% to US$35.9m and referral VIP gross gaming revenue declined 52.4% to US$9.17m.
The results show operators and investors how mass-market growth offset weaker VIP activity at NagaWorld.
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S&P Global Ratings expects NagaCorp’s adjusted revenue to grow by 3% to 8% over 2026 and 2027, according to its assessment. The agency retained its B+/Stable/– assessment and said its note did not constitute a rating action.
Moody’s Ratings expects gaming revenue across Asia to increase by about 5% to 6% over the next 12 to 18 months, according to its sector report. It forecasts Macau GGR growth of 6% in 2026 and 4% to 5% in 2027, while Southeast Asian gaming revenue is expected to grow at a single-digit rate in both years.
NagaCorp reported full-year revenue of US$709.7 million for 2025, reportedly. The figure was 26% higher than the previous year.
Melco Resorts & Entertainment reported record quarterly EBITDA for its Cyprus resort and satellite casinos in the three months to 30 September 2026, while group net income fell close to zero. The company’s revenue declined 10% to US$1.17bn, and adjusted net income attributable to it was about US$6.5m, compared with about US$83.7m a year earlier; management attributed about US$14m of lower property EBITDA to poor VIP results in Macau.
Sega Sammy Holdings reported net income of JPY10.93 billion for the six months to 30 September, a 298.6% increase year on year. Net sales rose 5.7% to JPY212.58 billion, while gaming revenue increased 91.1% to JPY16.36 billion and the segment recorded an operating loss of JPY3.9 billion. The company attributed the gaming segment changes partly to its acquisitions of GAN and Stakelogic BV.