Cambodian gaming operator warns of significant drop in gross gaming revenue versus same period last year
Shares in NagaCorp slumped more than 13 per cent in Hong Kong Monday after the Cambodian gaming operator warned that gross gaming revenue for the first nine months of 2026 will mark a decline of 21.5 per cent year-on-year.
In a trading update this morning, the company revealed that total gross gaming revenue (GGR) from the company’s NagaWorld integrated resort was expected to fall to US$417.9 million.
Mass Market Table Games’ GGR is expected to be down 10 per cent year-on-year at $232.7 million, with stakes declining 12.9 per cent to $981.7 million.
Mass Market Electronic Gaming Machines GGR is expected to be 2.5 per cent lower at $103.4 million, although stakes were 9.7 per cent higher at $2.37 billion.
Premium VIP Market GGR fell by 40.1 per cent to $65.8 million in the first nine months of the year, as stakes declined by 55.4 per cent to $2.09 billion.
The biggest decline came from the Referral VIP Market, as GGR decreased by 72.5 per cent to $15.9 million, with stakes down 75.6 per cent at $500.3 million.
Across all segments in 9M 2026, net gaming revenue is expected to be down 16.7 per cent to $388.7 million.
Shares in NagaCorp Ltd (HKG:3918) closed 13.92 per cent lower at HK$2.66 per share in Hong Kong Monday.