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NagaWorld GGR climbs slightly to US$175 million in 1Q26 as mass gaming growth offsets big VIP decline

Ben Blaschke by Ben Blaschke
Wed 8 Apr 2026 at 19:17
NagaWorld GGR climbs slightly to US$175 million in 1Q26 as mass gaming growth offsets big VIP decline

NagaWorld

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Hong Kong-listed NagaCorp, operator of Cambodia’s only integrated resort NagaWorld in Phnom Penh, saw its gross gaming revenue rise by 2.1% year-on-year to US$174.7 million in 1Q26, fueled entirely by growth across its mass market segments.

Providing a top-level view of its performance via a filing, the company revealed a 23.9% increase in mass gaming table revenues to US$91.3 million on a 15.7% surge in mass buy-ins to US$379.6 million. Electronic gaming GGR also grew by 8.4% to US$38.3 million on a 21.3% rise in bills-in to US$811.4 million.

However, direct VIP GGR fell by 16.2% to US$35.9 million on a sizeable 42.2% decline in rollings to US$1.16 billion, and referral VIP GGR dropped 52.4% to US$9.17 million on a 54.5% fall in rollings to US$225.9 million.

Net gaming revenue for the quarter grew by 7.9% to US$160.0 million.

NagaCorp previously reported a 56.0% increase in net profit to US$309.9 million and 38.5% increase in EBITDA to US$404.9 million in 2025 thanks to a 27.4% increase in GGR to US$691.6 million.

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Tags: CambodiaGross gaming revenue (GGR)Mass marketNagaCorpNagaWorldPhnom Penh
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Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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