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Intel · Asia Gaming 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.

VerifiedPrimary regulator and exchange filings · No estimates

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

Macau SAR

/ 01 · Featured market

Macau SAR

DICJ monthly publication · 6 concessionaires through 2034

Verified↑ 14.3% YoY

Q1 2026 GGR

USD 8.16B

MOP 65.9B · +14.3% YoY

Jan–May 2026 YTD

USD 13.4B

MOP 108.4B · +10.9% YoY

May 2026 GGR

USD 2.80B

MOP 22.6B · +6.7% YoY · +13.6% MoM

FY2026 forecast

USD 29.0B

MOP 236B · gov't budget

Monthly GGR · 2026

Jan 2026

USD 2.81B

MOP 22.6B

↑ 24.0% YoY

Feb 2026

USD 2.56B

MOP 20.6B

↑ 4.5% YoY

Mar 2026

USD 2.80B

MOP 22.6B

↑ 15.0% YoY

Apr 2026

USD 2.47B

MOP 19.9B

↑ 5.5% YoY

May 2026

USD 2.80B

MOP 22.6B

↑ 6.7% YoY

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% YoY

Net income

USD 294.0M

+45.5% YoY

Macau market share 25.7% — two-year high.

Galaxy Entertainment

Galaxy Group · HK:0027

Q1 2026 revenue

USD 1.59B

+11.0% YoY

Adj. EBITDA (HK$3.6B)

USD 462.0M

+8.0% YoY

Galaxy 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% YoY

Net income

USD 76.8M

+136.3% YoY

CoD Macau USD 735M · Studio City USD 392M.

Wynn Macau Ltd

Wynn Resorts · HK:1128

Q1 2026 revenue

USD 989.2M

+14.2% YoY

Adj. Property EBITDAR

USD 279.4M

+10.9% YoY

Wynn Palace USD 659M rev · Wynn Macau USD 330M rev.

MGM China

MGM Resorts Intl. · HK:2282

Q1 2026 revenue

USD 1.13B

+10.0% YoY

Adj. EBITDA (HK$2.5B)

USD 321.0M

+4.0% YoY

Branding 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% YoY

Net loss

USD -7.9M

-125.5% YoY

Margin improved 12.8% → 15.5% post satellite-casino exit.

Primary sources

/ 02 · Regional markets

Singapore · Philippines · Korea · Cambodia · Vietnam · Australia

Six markets ranked by Q1 2026 disclosure. Reporting cadence varies — Singapore through quarterly operator filings (LVS NYSE, Genting Singapore SGX), Philippines through PAGCOR, Korea through KOSPI/KOSDAQ disclosures, Cambodia through NagaCorp HKEX, Vietnam through Ministry of Finance, Australia through ASX operator filings (Star, SkyCity).

Singapore

Singapore

GRA · operator filings primary (LVS NYSE, Genting Singapore SGX) · Quarterly

VERIFIED

Q1 2026 combined operator net revenue

USD 1.97B

↑ 17.3% YoY

FY2025 industry net revenue

USD 5.5B

↑ 24.0% YoY

Operators — Q1 2026

Marina Bay Sands

Las Vegas Sands · NYSE:LVS

Q1 2026 revenue

USD 1.49B

+28.0% YoY

Adj. Property EBITDA

USD 788.0M

+30.2% YoY

VIP 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% YoY

Net profit

USD 51.2M

-55.0% YoY

Gaming 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

Philippines

Philippines

PAGCOR (Philippine Amusement and Gaming Corporation) · Quarterly

VERIFIED

Q1 2026 industry GGR

USD 1.42B

PHP 87.60B

↓ 15.9% YoY

FY2025 industry GGR

USD 6.61B

↑ 6.4% YoY

Operators — Q1 2026

City of Dreams Manila

Melco Resorts · NASDAQ:MLCO

Q1 2026 revenue

—

Property EBITDA YoY

—

+24.0% YoY

VIP 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

South Korea

South Korea

National Gambling Control Commission · KOSPI/KOSDAQ filings · Quarterly

VERIFIED

Q1 2026 Kangwon Land casino revenue

USD 244M

KRW 360B

↑ 4.5% YoY

FY2025 industry GGR

USD 2.52B

↑ 14.6% YoY

Operators — Q1 2026

Paradise Co (foreigners-only)

Paradise Group · KOSDAQ:034230

Q1 2026 revenue

USD 154.0M

+27.0% YoY

Jan–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% YoY

Operating profit

USD 46.6M

-7.2% YoY

Net 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

Cambodia

Cambodia

Commercial Gambling Management Commission · NagaCorp HKEX · Quarterly

VERIFIED

Q1 2026 NagaWorld GGR

USD 174.7M

↑ 2.1% YoY

FY2025 NagaCorp net profit

USD 309.9M

↑ 182.8% YoY

Operators — Q1 2026

NagaWorld

NagaCorp · HK:3918

Q1 2026 revenue

USD 160.0M

+2.1% YoY

Q1 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

Vietnam

Vietnam

Ministry of Finance · operator disclosure · Annual

REPORTED

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

Australia

Australia

NSW ICC · VGCCC · QGGC · CGCC SA · ASX listings · Operator-disclosed

VERIFIED

H1 FY26 Star revenue

USD 458M

A$694.6M

↓ 4.1% YoY

H1 FY26 Star net loss

USD 72.4M

↑ 73.4% YoY

Operators — Q1 2026

Star Entertainment Group

Bally's Corp (61% combined stake) · ASX:SGR

Q1 2026 revenue

USD 458.0M

-4.1% YoY

H1 FY26 net loss

USD -72.4M

+73.4% YoY

H1 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% YoY

H1 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

/ 03 · Full archive

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