Market data / Revenue analytics
Asia Gaming Revenue Analytics.
Gross gaming revenue and operator-level profit across the seven priority Asia-Pacific markets. Macau is carried monthly through August 2026; operator-level figures are at each company’s latest published filing, labelled with the period it covers, because the US-listed names report quarterly and the Hong Kong-listed names report a half. The comparison chart stays on Q1 2026, the most recent period every operator reports on the same basis. Every figure below is sourced from a primary regulator publication or a public-company filing.
Not financial advice. Every figure here is reported market data, sourced to a regulator publication or a company filing. Nothing on this page is a recommendation to buy, sell or hold any security, and nothing on this site creates an advisor-client or fiduciary relationship. Full disclaimer.
Macau Q1 2026
USD 8.16B
GGR · +14.3% YoY
Singapore Q1 2026
USD 1.97B
MBS + RWS · +17.3% YoY
Philippines Q1 2026
USD 1.42B
GGR · −15.9% YoY
Cambodia Q1 2026
USD 174.7M
NagaWorld GGR · +2.1% YoY
Methodology
FX (Q1 2026 period-average): HKD 7.78 · MOP 8.07 · SGD 1.30 · PHP 61.5 · KRW 1,475 · VND 26,400 · AUD 1.515
- Primary regulator publications + public-company filings only.
- No analyst estimates in any headline number.
- Net income where filed; Adj. EBITDA / EBITDAR where segment-only.
- Currency at period-average central-bank rates.
/ 01 · Featured market
Macau SAR
DICJ (Direcção de Inspecção e Coordenação de Jogos) · Monthly
Q1 2026 GGR
USD 8.16B
MOP 65.9B · +14.3% YoY
Q2 2026 GGR
USD 7.58B
MOP 61.2B · ≈ flat YoY · VIP 26% · mass 57.5%
Jan–Aug 2026 YTD
USD 20.9B
MOP 169.05B · +3.7% YoY · 8 months
Aug 2026 GGR
USD 2.71B
MOP 21.9B · -1.2% YoY · +7.9% MoM
FY2026 forecast
USD 29.0B
MOP 236B · gov't budget
Monthly GGR · 2026
USD
Concessionaires · latest published filing
The six Macau concessionaires at their latest filing. The four US-listed names report a quarter and are shown at Q2 2026; MGM China and SJM publish an interim and are shown at H1 2026, labelled as such. Net income where disclosed; EBITDAR / EBITDA where operators publish only segment data. Q2 was the softer quarter: adjusted property EBITDA at Sands China fell 24% year on year on a 1.35% VIP hold, Melco and Galaxy both went backwards, and Wynn was the one clear gainer. The SJM half is not comparable with last year, being its first full interim since the satellite casinos closed.
Sands China
Las Vegas Sands · HK:1928
Q2 2026 revenue
USD 1.78B
-0.8% YoYNet income
USD 107.0M
-50.0% YoYAdjusted property EBITDA -24.0% y-o-y and -32.1% q-o-q, a three-year low. A VIP rolling win rate of 1.35% cost about USD 87M of EBITDA; normalised it would have been near USD 517M. The q-o-q fall reconciles exactly against the Q1 figure above.
Galaxy Entertainment
Galaxy Group · HK:0027
Q2 2026 revenue
USD 1.52B
-2.0% YoYProfit
Not disclosed
Reported directly, not derived: HK$11.8B, -2% y-o-y and -5% q-o-q. It reconciles against the interim, Q1 HK$12.4B + Q2 HK$11.8B = H1 HK$24.2B.
Melco Resorts
Melco International · NASDAQ:MLCO
Q2 2026 revenue
USD 1.25B
-6.0% YoYAdj. property EBITDA
USD 303.8M
-19.6% YoYGroup total, so it carries Cyprus and Manila as well as Macau. Softer rolling chip and mass table play, and weaker non-gaming.
Wynn Macau Ltd
Wynn Resorts · HK:1128
Q2 2026 revenue
USD 1.00B
+13.7% YoYAdj. Property EBITDAR
USD 297.0M
+17.1% YoYThe two Macau properties summed, the same convention as Q1: Wynn Palace USD 653.4M rev / USD 201.5M EBITDAR, Wynn Macau Peninsula USD 351.1M / USD 95.5M. Both components are published separately by the parent.
MGM China
MGM Resorts Intl. · HK:2282
H1 2026 revenue
USD 2.24B
+4.2% YoYAdj. EBITDA (HK$4.8B)
USD 617.0M
-2.0% YoYInterim. A record half for net revenue, HK$17.4B against HK$16.7B, while adjusted EBITDA edged down from HK$4.9B. Market share about 15.9%. Half-year only: MGM China does not publish a Q2 standalone.
SJM Holdings
STDM · HK:0880
H1 2026 revenue
USD 1.49B
-20.8% YoYAdj. EBITDA (HK$1.70B)
USD 218.0M
+3.3% YoYInterim. Net gaming revenue HK$10.56B, -22.5%. Adjusted EBITDA ROSE 3.3% while revenue fell a fifth, and the interim loss widened 62%. ⚠️ The halves are NOT comparable: this is the first full interim since the satellite casinos closed in December 2025, and they contributed throughout H1 2025. SJM says so itself.
Primary sources
- DICJ monthly statistics (May 2026) →· 2026-06-01
- Sands China Q1 2026 (LVS 8-K) →· 2026-04-22
- Galaxy Entertainment Q1 2026 selected unaudited financial data →· 2026-05-12
- Melco Resorts Q1 2026 6-K →· 2026-04-30
- Wynn Resorts Q1 2026 8-K (Wynn Macau Ltd data) →· 2026-05-08
- MGM China Q1 2026 results (HKEX) →· 2026-04-29
- SJM Holdings Q1 2026 results (HKEX) →· 2026-05-07
- DICJ quarterly statistics: Q2 2026 gross revenue by game type →· 2026-07-17
- DICJ monthly statistics (July 2026): MOP 20.3B, -8.4% y-o-y, +9.4% m-o-m; Jan–Jul MOP 147.16B, +4.4% →· 2026-08-01
- Macau SAR 2026 government budget: MOP 236B forecast →· 2025-11-15
- DICJ monthly statistics (August 2026): MOP 21,891m, -1.2% y-o-y, +8.1% m-o-m; Jan-Aug MOP 169,053m, +3.7% →· 2026-09-01
/ 02 · Featured market
Singapore
GRA · operator filings primary (LVS NYSE, Genting Singapore SGX) · Quarterly
Q1 2026 combined operator net revenue
USD 1.97B
FY2025 industry net revenue
USD 5.5B
Operator revenue · Q1 2026
USD
Operators · latest published filing
Marina Bay Sands
Las Vegas Sands · NYSE:LVS
Q2 2026 revenue
USD 1.38B
-0.7% YoYAdj. Property EBITDA
USD 689.0M
-10.3% YoYFlat against USD 1.39B a year earlier, with EBITDA easing from USD 768M. Reported by the parent alongside Sands China.
Resorts World Sentosa
Genting Singapore · SGX:G13
Q1 2026 revenue
USD 477.6M
-3.0% YoYNet profit
USD 51.2M
-55.0% YoYGaming revenue −7.8% to S$403M · non-gaming +8.3% to S$204M.
Analyst note
Singapore reports through operator filings, no regulator publishes industry-level monthly GGR. ⚠️ Corrected 2026-09-01: this line dated the record quarterly EBITDA at Marina Bay Sands, about SG$1.0B, to Q2 2026. That was Q1, USD 788M in the row below. Q2 2026 EASED to USD 689M from USD 768M a year earlier on flat net revenue, so the note had been contradicting the figure directly beneath it. Resorts World Sentosa fell to a 28% share of the Singapore market, its lowest on record, with a S$5.3B expansion under way and its licence renewal under GRA evaluation.
Primary sources
- LVS Q1 2026 earnings: MBS segment →· 2026-04-23
- Genting Singapore Q1 2026 results (SGX) →· 2026-05-12
- Genting Singapore FY2025 results (SGX) →· 2026-02-24
/ 03 · Featured market
Philippines
PAGCOR (Philippine Amusement and Gaming Corporation) · Quarterly
Q1 2026 industry GGR
USD 1.42B
PHP 87.60B
FY2025 industry GGR
USD 6.61B
Operators · latest published filing
City of Dreams Manila
Melco Resorts · NASDAQ:MLCO
Q1 2026 revenue
Not disclosed
Property EBITDA YoY
Not disclosed
+24.0% YoYVIP segment +128% to USD 24M · mass GGR −7% YoY but +6% sequential.
Solaire Resort
Bloomberry Resorts · PSE:BLOOM
Q1 2026 revenue
Not disclosed
Profit
Not disclosed
Entertainment City Q1 2026 GGR −11.1% YoY; per-property Q1 disclosure pending FY filing.
Analyst note
Q1 2026 decline driven by E-Games regulation tightening (electronic gaming −22.4%). Land-based casinos held up better (−9.7%). H1 2026 (PAGCOR, reported July 2026): total revenue PHP 43.32B (USD 705.7M), −26.6% y-o-y; the gaming business alone PHP 38.92B (USD 634M), −27.1%. PAGCOR attributes the fall largely to Middle East conflict weighing on consumer spending; chair Tengco has warned full-year GGR could fall by up to 19%, and S&P expects Philippine GGR to contract across 2026. PAGCOR has not yet published a standalone Q2 GGR figure.
Primary sources
- PAGCOR Q1 2026 industry statistics →· 2026-05-15
- Melco Resorts Q1 2026 6-K (CoD Manila segment) →· 2026-04-30
- PAGCOR FY2025 industry data →· 2026-02-10
/ 04 · Featured market
South Korea
National Gambling Control Commission · KOSPI/KOSDAQ filings · Quarterly
Q1 2026 Kangwon Land casino revenue
USD 244M
KRW 360B
FY2025 industry GGR
USD 2.52B
Operator revenue · Q1 2026
USD
Operators · latest published filing
Grand Korea Leisure (Seven Luck)
Grand Korea Leisure Co Ltd · KRX:114090
H1 2026 revenue
USD 148.0M
+8.2% YoYProfit
Not disclosed
Six months to 30 June 2026. Casino drop KRW 1.98 trillion, +13.9%, helped by easier Chinese visa rules. State-controlled, operates the three Seven Luck casinos. ⚠️ MCST opened an inquiry in 2026 into whether GKL inflated visitor numbers for 2025; that concerns headcount, not the revenue figure here.
Lotte Tour Development (Jeju Dream Tower)
Lotte Tour Development Co., Ltd. · KOSPI:032350
Q1 2026 revenue
USD 77.3M
+40.3% YoYProfit
Not disclosed
Q1 2026 casino net revenue KRW 118.6B against KRW 84.5B a year earlier. Converted at the same KRW rate as the GKL line above.
H1 2026: ⚠️ A GROWTH RATE WITHOUT AN ABSOLUTE. Lotte Tour disclosed H1 gaming revenue growth and table drop but not an H1 revenue total, so none is stored rather than summed from the monthly prints. Monthly disclosure continues: June KRW 48.72B, July KRW 51.59B (USD 36.1M) which was the 2026 monthly record, August lower.
Paradise Co (foreigners-only)
Paradise Group · KOSDAQ:034230
Q1 2026 revenue
USD 154.0M
+27.0% YoYJan–Feb 2026 cumulative · monthly disclosure
Not disclosed
Jan +31.4% YoY, Feb +24.4% YoY. March softened sharply on Chinese tourist volatility.
Kangwon Land (domestic-permitted)
Kangwon Land Inc. · KOSPI:035250
Q1 2026 revenue
USD 244.0M
+4.5% YoYOperating profit
USD 46.6M
-7.2% YoYNet profit fell ~47% YoY despite revenue growth.
Analyst note
Bifurcated regime: 16 foreigners-only casinos + Kangwon Land (sole domestic-permitted). Paradise reports monthly, Kangwon Land quarterly.
Primary sources
- Kangwon Land Q1 2026 results →· 2026-05-01
- Paradise Co January 2026 monthly disclosure →· 2026-02-03
- Paradise Co February 2026 monthly disclosure →· 2026-03-05
/ 05 · Featured market
Cambodia
Commercial Gambling Management Commission · NagaCorp HKEX · Quarterly
Q1 2026 NagaWorld GGR
USD 174.7M
FY2025 NagaCorp net profit
USD 309.9M
Operator revenue · Q1 2026
USD
Operators · latest published filing
NagaWorld
NagaCorp · HK:3918
Q1 2026 revenue
USD 160.0M
+2.1% YoYQ1 GGR voluntary update
Not disclosed
Mass tables +23.9% to USD 91M · Direct VIP −16% · Referral VIP −52%. Net profit at H1 only.
Analyst note
NagaCorp is the only large public-data Cambodia property. Anti-tech-fraud law (April 2026) closed 91 casinos and revoked junket licenses.
Primary sources
- NagaCorp Q1 2026 voluntary trading update (HKEX) →· 2026-04-08
- NagaCorp FY2025 annual results (HKEX) →· 2026-03-12
/ 06 · Featured market
Vietnam
Ministry of Finance · operator disclosure · Annual
Domestic-entry pilot status
Active since 26 Nov 2025
Tax contribution 2019–2024
USD 155M
Operators · latest published filing
Corona Resort & Casino Phu Quoc
Vingroup partner
Q1 2026 revenue
Not disclosed
FY2025 accumulated loss
Not disclosed
Accumulated losses > VND 5.8T (USD 220M) end-2025; widened USD 34M YoY.
The Grand Ho Tram
ACDL
Q1 2026 revenue
Not disclosed
Status
Not disclosed
Persistent losses; investor seeking 2027 completion-deadline extension.
Analyst note
Vietnam runs a 10-year pilot permitting limited domestic entry at two properties. Major properties remain loss-making; industry-level GGR not published.
Primary sources
- Tuoi Tre · Vietnam casino loss analysis →· 2026-04-25
- AGB · Vietnam pilot scheme update →· 2026-04-26
/ 07 · Featured market
Australia
NSW ICC · VGCCC · QGGC · CGCC SA · ASX listings · Operator-disclosed
H1 FY26 Star revenue
USD 458M
A$694.6M
H1 FY26 Star net loss
USD 72.4M
Operator revenue · Q1 2026
USD
Operators · latest published filing
Star Entertainment Group
Bally's Corp (61% combined stake) · ASX:SGR
Q1 2026 revenue
USD 458.0M
-4.1% YoYH1 FY26 net loss
USD -72.4M
+73.4% YoYH1 FY26 (Jul–Dec 2025): statutory revenue A$694.6M (−4.1%); net loss A$109.7M (narrowed 73.4%). NSW licence suspended through 30 Sep 2026.
SkyCity Adelaide
SkyCity Entertainment · ASX:SKC · NZX:SKC
Q1 2026 revenue
USD 73.0M
-2.4% YoYH1 FY26 segment revenue
Not disclosed
H1 FY26 Adelaide: gaming AU$73.7M (−4.0%) + non-gaming AU$36.4M (+2.2%). Group gaming −6.3% on carded-play (NZ) + AML cost ramp.
Analyst note
Australia reports through ASX operator filings, no industry-level monthly GGR publication. Crown Resorts is private (Blackstone, 2022). Star NSW suspension through Sep 2026; AML/CTF reforms in force from 1 Apr 2026.
Primary sources