Good morning. Gains get harder. Macau’s GGR is forecast to grow just 5 percent in 2026 to around $32.2 billion, as weaker industrial profitability in China, softer per-visitor spending, and increased price competition limit further upside despite a strong first quarter. Meanwhile, in Cambodia, NagaCorp posted modest first-quarter gains, with GGR rising to $174.7 million, as stronger mass market activity—including higher table buy-ins and EGM play—was offset by declines in premium and referral VIP volumes.
What you need to know
- CLSA forecasts Macau GGR up 5 percent in 2026 as macro pressure and weaker per-capita spend offset strong early-year performance.
- NagaCorp posts 2.1 percent GGR growth in 1Q26 as strong mass market gains are offset by sharp declines in VIP segments.
On the radar
- G2E Asia, Asian IR Expo to return in May with 8,000 attendees expected.
- International Entertainment clears debt with DigiPlus subscription proceeds.
- New Zealand to focus on Online Casino Bill, ad restrictions to follow.
- Australia gambling ad curbs to cut spend by just 0.8%: government analysis.
- Goa civic movement expands, targets offshore casinos and land policy.
- Philippines gambling figure Atong Ang reportedly sighted in Vietnam.
AGB Intelligence
MACAU
CLSA flags limited upside for Macau GGR growth in 2026
CLSA forecasts Macau’s GGR will grow 5 percent year-on-year in 2026 to MOP260 billion ($32.2 billion), citing limited upside despite strong early-year performance. First-quarter revenue rose 14 percent, supported by premium segments, but weakening industrial profitability in China and rising oil prices are expected to dampen demand. Structural challenges, including lower per-visitor spend and increased competition among operators, are also weighing on the sustainability of growth.
Industry Updates
- Konami Gaming showcases core product innovations during IGA 2026.
- Zitro introduces the “Zitro Experience” to the Colombian market.
- BMM to spotlight testing and certification solutions at IGE 2026.
Written by
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.
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