Good morning. NagaCorp’s second quarter tilted sharply away from VIP play, with total GGR down 20 percent and VIP GGR falling 46.9 percent. The operator blamed softer travel conditions, fewer direct flights and Cambodia’s online-scam image, while also pointing to World Cup matches competing with peak casino hours. Macau offered a contrasting picture: Citigroup found 16 percent fewer premium mass players in August, but average wagers rose 27 percent. In the Philippines, PAGCOR is bracing for an 18 percent revenue drop this year after e-wallet restrictions disrupted online gaming.

What you need to know

NagaCorp posted a 20 percent decline in 2Q26 GGR to $129 million, as VIP revenue dropped 46.9 percent year-on-year.
Fewer premium mass players wagered more in Macau during August, lifting total observed bets by 7% year-on-year, Citigroup said.
PAGCOR expects 2026 revenue to fall 18 percent to $1.41 billion after e-wallet restrictions weakened gaming activity.

On the radar

SkyCity rejects two takeover proposals worth up to $493M.
Macau police arrest six over casino proxy betting scheme.
Shun Tak transport business remains in red despite TurboJET fare hikes.
Hengqin broadens Macau visitor mix with more family tourists: scholar.

AGB Intelligence

CAMBODIA

NagaCorp VIP revenue nearly halves during weaker 2Q26

NagaCorp saw its gaming performance weaken sharply in 2Q26, with estimated GGR falling 20 percent year-on-year to $129.0 million. VIP GGR declined by nearly half to $20.2 million, compared with an 11.6 percent drop in mass-market GGR to $108.7 million. Management observed a moderation in business momentum during the quarter and said FIFA World Cup match schedules may have diverted customer attention and visitation during the casino’s peak operating hours.

Industry Updates

Aristocrat Gaming expands Stampede series with Buffalo Mega Stampede Grand.
JCM Global expands digital signage presence at Soaring Eagle Casino & Resort.
Digitain brings sportsbook and iGaming solutions to Silkbet’s UK expansion.

daily ebrief

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. More from AGBrief Editorial →