NagaCorp reported gross gaming revenue (GGR) of $417.9m for the nine months ended 30 September 2026, down 21.5% from $532.2m during the same period last year.
Net gaming revenue declined at a slower rate, falling 16.7% year-on-year from $466.5m to $388.7m, according to the company's unaudited operational results.
The mass-market segment recorded more moderate declines. Public floor table buy-ins fell 12.9% to $981.7m, while corresponding GGR decreased 10% to $232.7m.
Electronic gaming machines showed a mixed performance. Bills-in increased 9.7% year-on-year to $2.37bn, but GGR slipped 2.5% to $103.4m from $106.1m.
The largest declines came from NagaCorp's VIP operations. Premium VIP rolling volume fell 55.4% to $2.09bn, compared with $4.69bn during the first nine months of 2025. GGR from the segment decreased 40.1% to $65.8m.
Referral VIP activity contracted further, with rolling volume dropping 75.6% from $2.05bn to $500.3m. Referral VIP GGR fell 72.5% to $15.9m, compared with $57.9m a year earlier.
The results indicate that VIP gaming was the main source of pressure on NagaCorp's overall gaming performance during the period, while its mass-market business recorded smaller year-on-year declines.
NagaCorp operates the NagaWorld integrated resort in Phnom Penh, Cambodia. The company said the figures were based on internal records and management accounts and had not been audited or reviewed by its auditor.
Electronic gaming machine bills-in increased 9.7% despite lower GGR
