NagaCorp: 1Q2026 Gaming GGR Rises 2.1 % to USD 174.70 Million as Mass Market Strength Counters VIP Slowdown

Bulletin Express17:22

Hong Kong–listed NagaCorp (NAGACORP) reported unaudited operational highlights for the three months ended 31 March 2026, showing modest top-line growth driven by a robust mass-market segment despite a sharp pull-back in VIP activity.

Gross gaming revenue (GGR) increased 2.1 % year on year (YoY) to USD 174.70 million, while net gaming revenue advanced 7.9 % to USD 159.98 million.

Mass Market momentum remained the key growth driver: • Public floor table buy-ins jumped 15.7 % YoY to USD 379.64 million, lifting GGR from this segment 23.9 % to USD 91.29 million. • Electronic gaming machines (EGM) recorded a 21.3 % rise in bills-in to USD 811.42 million, generating GGR of USD 38.31 million, up 8.4 %.

VIP operations contracted markedly: • Premium VIP rollings fell 42.2 % YoY to USD 1.16 billion, with GGR down 16.2 % to USD 35.92 million. • Referral VIP rollings declined 54.5 % to USD 225.91 million, and GGR dropped 52.4 % to USD 9.17 million.

Overall, the expansion in mass-market activity more than compensated for the VIP downturn, underpinning the year-on-year growth in consolidated GGR and net gaming revenue. The figures are based on internal management accounts and remain unaudited.

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