I've confirmed in vmplayer 12 RHEL7.2 updated with the packages for 7.3 enables 3D acceleration at OpenGL 3.3 level.
Since the problem described in this bug report should be resolved in a recent advisory, it has been closed with a resolution of ERRATA. For information on the advisory, and where to find the updated files, follow the link below. If the solution does not work for you, open a new bug report. https://rhn.redhat.com/errata/RHEA-2016-2192.html