Good morning. Premium mass. A segment that operators throughout Asia are scrambling to attract, diversifying gaming offerings, and ratcheting up marketing. For NagaCorp, this strategy was highly successful last year, with Premium and VIP play heavily contributing to a 27 percent GGR boost to $691 million. Looking at Macau, analysts say March’s seasonal softness is nothing to worry about, as premium mass was up even though fewer players were seen. Also in the gaming hub, Sands China is urging diversified tourism growth, as demand changes and regional competition intensifies.
What you need to know
- NagaCorp gets a strong boost from VIP and premium mass play, lifting FY25 GGR by 27 percent to $691.6 million.
- Macau needs new tourism growth engines as Sands China flags structural shifts in demand and increasing regional competition.
- Citigroup: Macau gaming on track, March softness seasonal, demand resilient as premium mass spending up despite fewer players.
On the radar
- Taiwan cracks $1B money laundering scheme routed via Macau casinos.
- Philippine court rejects bid to dismiss bribery case against Jack Lam.
- IEC taps former Playtech Chair for non-executive director role.
- Earle G. Hall chairing IGSA’s Emerging Tech Committee as AXES.ai joins.
- Wynn Macau grants 5.6M shares under employee ownership scheme.
- PAGCOR accredits GLI as first Independent Testing Laboratory for iGaming.
AGB Intelligence
RESULTS
NagaCorp FY25 GGR up by 27% to $691.6M
Cambodian gaming operator NagaCorp saw a strong uptick in Premium Mass and VIP last year, helping boost GGR by 27 percent to $691.6 million. The group highlighted that higher-margin side-bet games are helping increase play, with a boom in international visitation, including Chinese, and repeat high-volume business players contributing to its growth.
Industry Updates
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