Market data / Revenue analytics
Asia Gaming Revenue Analytics.
Q1 2026 gross gaming revenue and operator-level profit across the seven priority Asia-Pacific markets. Every figure below is sourced from a primary regulator publication or a public-company filing.
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 7.56B
MOP 61B · ≈ flat YoY
H1 2026 YTD
USD 15.7B
MOP 126.9B · +6.8% YoY
Jun 2026 GGR
USD 2.29B
MOP 18.5B · -12.1% YoY · -18.1% MoM
FY2026 forecast
USD 29.0B
MOP 236B · gov't budget
Monthly GGR · 2026
USD
Concessionaires · Q1 2026 revenue + profit
The six Macau concessionaires reporting Q1 2026 results between 22 April and 12 May 2026. Net income shown where disclosed; EBITDAR / EBITDA reported where operators publish only segment data. Sands China retook the market-share lead at 25.7% (a two-year high); SJM swung to a small loss as the satellite-casino exit's full impact landed.
Sands China
Las Vegas Sands · HK:1928
Q1 2026 revenue
USD 2.10B
+23.6% YoYNet income
USD 294.0M
+45.5% YoYMacau market share 25.7% — two-year high.
Galaxy Entertainment
Galaxy Group · HK:0027
Q1 2026 revenue
USD 1.59B
+11.0% YoYAdj. EBITDA (HK$3.6B)
USD 462.0M
+8.0% YoYGalaxy publishes selected unaudited Q1 data only; net profit at half-year.
Melco Resorts
Melco International · NASDAQ:MLCO
Q1 2026 revenue
USD 1.37B
+11.0% YoYNet income
USD 76.8M
+136.3% YoYCoD Macau USD 735M · Studio City USD 392M.
Wynn Macau Ltd
Wynn Resorts · HK:1128
Q1 2026 revenue
USD 989.2M
+14.2% YoYAdj. Property EBITDAR
USD 279.4M
+10.9% YoYWynn Palace USD 659M rev · Wynn Macau USD 330M rev.
MGM China
MGM Resorts Intl. · HK:2282
Q1 2026 revenue
USD 1.13B
+10.0% YoYAdj. EBITDA (HK$2.5B)
USD 321.0M
+4.0% YoYBranding fee to parent doubled 1.5% → 3.5%, USD 23M hit to EBITDAR.
SJM Holdings
STDM · HK:0880
Q1 2026 revenue
USD 754.0M
-21.1% YoYNet loss
USD -7.9M
-125.5% YoYMargin improved 12.8% → 15.5% post satellite-casino exit.
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
- Macau SAR 2026 government budget — MOP$236B forecast →· 2025-11-15
/ 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 — Q1 2026
Marina Bay Sands
Las Vegas Sands · NYSE:LVS
Q1 2026 revenue
USD 1.49B
+28.0% YoYAdj. Property EBITDA
USD 788.0M
+30.2% YoYVIP rolling chip volume doubled YoY to ~USD 18B; VIP revenue +115%.
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.
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 — Q1 2026
City of Dreams Manila
Melco Resorts · NASDAQ:MLCO
Q1 2026 revenue
—
Property EBITDA YoY
—
+24.0% YoYVIP segment +128% to USD 24M · mass GGR −7% YoY but +6% sequential.
Solaire Resort
Bloomberry Resorts · PSE:BLOOM
Q1 2026 revenue
—
Profit
—
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%).
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 — Q1 2026
Paradise Co (foreigners-only)
Paradise Group · KOSDAQ:034230
Q1 2026 revenue
USD 154.0M
+27.0% YoYJan–Feb 2026 cumulative · monthly disclosure
—
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 — Q1 2026
NagaWorld
NagaCorp · HK:3918
Q1 2026 revenue
USD 160.0M
+2.1% YoYQ1 GGR voluntary update
—
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 — Q1 2026
Corona Resort & Casino Phu Quoc
Vingroup partner
Q1 2026 revenue
—
FY2025 accumulated loss
—
Accumulated losses > VND 5.8T (USD 220M) end-2025; widened USD 34M YoY.
The Grand Ho Tram
ACDL
Q1 2026 revenue
—
Status
—
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 — Q1 2026
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
—
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