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Okada Manila Fitch Downgrade as VIP Decline Deepens

Fitch expects competition and online migration to keep capping Okada Manila's recovery, with VIP table games down from 35% of GGR in 2023 to 20% in 2025.

NagaCorp GGR Falls 21.5% as VIP Revenue Deteriorates

NagaCorp's nine-month GGR fell 21.5% to $417.9 million as premium VIP revenue dropped 40.1%, referral VIP revenue fell 72.5%, and mass-market table revenue reversed its first-half growth.

Paradise Co 3Q26 Casino Revenue Rises 23.4% on Stronger Table Hold

Paradise Co's third-quarter casino revenue climbed 23.4% to KRW268.21 billion on a 12.91% table hold, as Japanese and other VIP drop outpaced a weaker Chinese VIP segment.

GKL casino sales rebound 19.8% as hold ratio climbs

Grand Korea Leisure's September casino sales jumped 19.8% on a higher hold ratio, as Seoul Gangnam drove nearly all of the gain.

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