16 OctRegulation
Macau mass-market revenue falls 5.2% as slot revenue grows
Slots grew within a declining mass-market aggregate, which also represented a smaller share of casino revenue.
Macau
Regulation, licensing and business developments in Macau. Open in the feed
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Companies
Sands China, Paradise, Las Vegas Sands, NagaCorp, Okada Manila, Wynn Resorts
Countries
Market dossier
Licensing, commercial relationships and regulatory developments.
Regulators
Licence holders named by regulators (in our records)
Relationships
Reported licences, deals, appointments and other connections. Follow the entry links for context.
Operators active
- Asia Pioneer Entertainment 2026-09-03 · entry
- Las Vegas Sands 2026-10-12 · entry
- Melco Resorts 2026-09-01 · entry
- Wynn Resorts 2026-09-07 · entry
- Melco Resorts 2026-08-27 · entry
- Paradise Co 2026-08-17 · entry
- Paradise Co 2026-08-17 · entry
- Sands China 2026-08-17 · entry
- Sands China 2026-09-11 · entry
- Melco 2026-09-07 · entry
- SJM 2026-09-07 · entry
- Sands China 2026-09-07 · entry
Timeline
Newest first, grouped by month.
October 2026
16 OctRegulation
Macau prosecutor seeks changes to gambling-linked currency exchange law
The proposed changes would address evidential obstacles authorities face when pursuing gambling-linked illegal currency exchange cases.
15 OctRegulation
Macau prosecutor seeks review of gambling-related unlicensed money exchange offences
A review could affect how Macau authorities assess gambling-related unlicensed money exchange offences.
15 OctDeals & M&A
Macau casinos average MOP729m daily revenue from 5 to 11 October
Macau’s daily gaming revenue exceeded September’s average despite softer high-end activity, providing investors a comparison of casino performance.
14 OctEnforcement & compliance
Macau court lists Levo Chan’s seven properties with $17m combined reserve prices
The court sale brings seven properties belonging to imprisoned junket boss Levo Chan to market with $17m in reserve prices.
13 OctDeals & M&A
UBS estimates Macau daily casino revenue at MOP729m for 5–11 October
UBS estimates give investors a measure of Macau’s lower daily casino revenue after Golden Week’s opening four days.
13 OctDeals & M&A
CLSA forecasts Macau casino EBITDA to fall 11% year on year in Q3
The forecast points to lower casino earnings in Macau despite increased visitor numbers.
13 OctRegulation
Macau collects $9.2bn in gaming taxes over nine months
The tax total gives investors a measure of the gaming sector’s contribution to Macau’s public finances.
12 OctRegulation
Macau records 5.9% gaming tax growth through September
September's decline slowed growth in gaming taxes, which accounted for approximately 83% of Macau's central account receipts.
12 OctDeals & M&A
Las Vegas Sands reaffirms Macau commitment and rejects prediction market expansion
Sands remains committed to Macau despite slowing gaming revenue, while ruling out expansion into prediction markets.
12 OctRegulation
Macau records 1,951 gaming-related crimes in first nine months
Fraud and unauthorised gambling currency exchange drove Macau’s increase in gaming-related criminal cases.
12 OctRegulation
Macau collects MOP74.6bn in gaming taxes over first nine months of 2026
Investors can assess Macau’s gaming tax collections, which rose 5.9% during the first nine months of 2026.
12 OctRegulation
Macau collects MOP74.56bn in gaming taxes through September, up 5.9%
Investors can track Macau’s gaming tax receipts, up 5.9% against the corresponding 2025 period, with September contributing nearly MOP8.39bn.
12 OctRegulation
Macau chief executive flags October as crucial to MOP236bn gaming revenue target
Four successive monthly revenue declines make October pivotal for investors assessing whether Macau reaches its annual gaming revenue target.
12 OctRegulation
Macau government retains MOP236bn gaming revenue forecast for 2026
The retained forecast focuses investor attention on whether increased October Golden Week arrivals translate into higher gaming revenue.
5 OctDeals & M&A
Analysis observes Macau mass-baccarat wagers starting at HKD1,000 during Golden Week
The checks give casino operators a snapshot of mass-baccarat wagering levels across downtown Macau and Cotai during Golden Week.
5 OctDeals & M&A
Seaport Research forecasts 5% decline in Macau October gaming revenue
Casino operators face potential revenue weakness while customer reinvestment spending and operating costs put pressure on profitability.
2 OctDeals & M&A
Macau casino revenue falls 4% to MOP60.21bn in Q3 2026
Macau casino operators recorded a 4% quarterly gaming revenue decline, alongside falling September revenue.
1 OctDeals & M&A
Analysts lower Macau gaming revenue forecasts for 4Q26 and FY26
The lower forecasts reduce revenue expectations for Macau operators and their investors.
1 OctRegulation
Macau records September casino revenue of MOP18.06bn as annual decline reaches 1.2%
Macau’s fourth successive month of annual revenue declines signals continued revenue contraction for casino operators and investors.
September 2026
23 SepDeals & M&A
UBS estimates Macau daily casino revenue falls 14% in early September
Macau investors face revenue below market expectations, with UBS checks indicating a monthly decline apparently driven by premium segments.
15 SepDeals & M&A
CLSA cuts Macau casino revenue forecasts for 2027 and 2028
Investors have lower CLSA forecasts for Macau casino revenue, reflecting a lack of supportive macroeconomic indicators.
14 SepRegulation
Macau collects MOP7.83bn in gaming taxes for August
Gaming taxes supplied 86.4% of government revenue over the first eight months, making casino revenue performance significant for Macau’s public finances.
14 SepRegulation
Macau gaming sector raises goods, commissions and customer rebate spending 11.6% in 2025
Goods, commissions and customer rebates accounted for 26% of Macau gaming sector expenses, making them a material cost category for operators.
13 SepRegulation
DSEC survey shows Macau commission and rebate spending outgrows receipts in 2025
Macau operators face commission and rebate expenditure growing faster than total gaming industry receipts.
12 SepRegulation
Macau collects MOP7.83bn in August gaming taxes as annual receipts fall 8%
Operators and investors face contrasting tax trends, with Macau’s gaming receipts rising monthly but declining annually.
11 SepRegulation
Macau collects over MOP66.17bn in gaming tax revenue in January–August 2026
The increase gives operators and investors a measure of Macau's gaming tax receipts across the first eight months of 2026.
11 SepPeople moves
Sands China trains 42 employees in responsible gambling in Macau
Sands China’s training covers recognising gambling problems, communicating with affected customers and accessing support services.
9 SepDeals & M&A
UBS estimates Macau daily casino revenue at MOP633m in early September
UBS’s estimate puts Macau’s early September daily casino revenue approximately 4% above last year despite seasonal weakness.
9 SepDeals & M&A
Macau records 1% gaming revenue decline in August
Macau’s August gaming revenue fell 1% year-on-year to MOP21.89bn, marking lower revenue for the casino market.
7 SepDeals & M&A
Macau gaming performance lifts Wynn Resorts’ revenues in Q2 2026
Macau gaming activity contributed to Wynn Resorts’ quarterly revenue growth, making the market a factor in investors’ assessment of its results.
2 SepRegulation
DICJ defends Macau’s separate roles for casino operators and junkets
DICJ defended the existing framework without committing to requested changes to junket exclusivity rules or commission taxation.
2 SepDeals & M&A
Asia Pioneer Entertainment increases first-half revenue 47.3% to HK$33.9m
Asia Pioneer Entertainment’s revenue growth reflects demand for gaming equipment replacements and upgrades.
1 SepRegulation
Macau casinos record MOP21.89bn August revenue as annual receipts fall 1.2%
Operators recorded monthly revenue growth and higher cumulative receipts despite August’s annual decline.
1 SepRegulation
Macau casino GGR falls 1.2% to just over MOP21.89bn in August
The annual decline gives operators and investors a measure of Macau casino revenue performance in August.
August 2026
27 AugDeals & M&A
Wynn Macau increases interim dividend to HK$0.223 a share
The higher interim dividend increases the payout to Wynn Macau shareholders following first-half profit growth.
27 AugDeals & M&A
Moody's forecasts Melco Resorts revenue growth of 4.5% in 2026
Moody’s expects Macau gaming market expansion and stable market share to support Melco Resorts’ revenue growth.
24 AugDeals & M&A
Citi records 27% rise in Macau premium-mass wagers per player
Citi’s Macau survey recorded higher total premium-mass wagers despite fewer players, with average wagers per player increasing 27%.
23 AugRegulation
Macau records 5.5% growth in gaming services exports in first half of 2026
Rising gaming services exports and visitor arrivals give operators and investors benchmarks for Macau’s economic performance.
21 AugRegulation
Macau government reports 9% casino revenue growth in first half of 2026
Casino revenue growth and government diversification plans give operators and investors indicators of Macau’s economic direction.
19 AugPeople moves
RGB appoints Sands executive Kelvin Tan to board
The appointment adds Sands executive experience to RGB International’s board.
17 AugDeals & M&A
Paradise Entertainment projects HK$82.6m loss for first half of 2026
Lower equipment revenue and the end of casino management income both contribute to Paradise Entertainment’s projected loss.
17 AugLicences & markets
Acres identifies opportunity to enter Macau casino technology market
Acres sees favourable conditions for Macau market entry amid increasing competitive pressure.
17 AugDeals & M&A
Paradise Entertainment forecasts HKD82.6m first-half loss following Macau casino closure
Paradise Entertainment attributes its expected first-half loss to its Macau satellite casino closure and lower casino equipment sales.
17 AugDeals & M&A
Sands China doubles interim dividend to HKD0.50 per share
Sands China shareholders will receive double the prior-year interim dividend, with the distribution totalling HKD4.05bn.
14 AugRegulation
Macau sets 60% non-gaming GDP contribution target
The plan aims to reduce Macau’s economic dependence on casino gambling.
14 AugRegulation
Macau gaming tax receipts rise 9.3% through July
The year-to-date increase adds public revenue despite a weaker July tax total.
14 AugDeals & M&A
Genting Malaysia begins dissolving Macau concession bidding subsidiary
The dissolution winds down the subsidiary associated with the unsuccessful Macau concession bid.
13 AugRegulation
Macau raises gaming tax collections through July
The increase strengthens gaming’s contribution to Macau’s public finances.
13 AugRegulation
Macau collects MOP58.3bn in seven-month gaming taxes
Gaming tax collections provide revenue for Macau’s government.
13 AugRegulation
Macau gaming taxes rise 9.3% through July
Gaming tax receipts increased the funding available to Macau’s government.
13 AugLicences & markets
DICJ approves Acres to conduct Macau business
The approval gives Acres access to Macau’s casino technology market.
13 AugRegulation
Macau increases gaming tax receipts to MOP58.34bn
Gaming tax collections provided Macau with more fiscal revenue than a year earlier.
11 AugRegulation
Macau court rejects casino liability for junket investment deposits
The ruling limits casino liability for the disputed investment-return deposits.
11 AugLicences & markets
DICJ approves Interblock Free Fall Roulette
The approval advances Interblock’s planned Macau product introduction.
3 AugRegulation
Seaport forecasts Macau gaming revenue recovery
The forecast anticipates recovery after weaker July casino performance.
3 AugEnforcement & compliance
Macau police arrest two over alleged casino fraud
The casino faces losses from the alleged fraud involving a croupier.
2 AugRegulation
Macau records MOP20.26bn in July gaming revenue
July casino revenue improved on June while remaining below the previous year’s level.
July 2026
23 JulDeals & M&A
Sands China halves second-quarter net income
The results show lower earnings and revenue at Sands China’s Macau business.
17 JulRegulation
Macau VIP baccarat revenue declines 2.6%
Mass-market growth partly offsets weaker VIP baccarat performance.
This week’s brief
Macau records lower mass-market revenue as gaming tax receipts rise
Recent developments
Licences
- Acres identifies opportunity to enter Macau casino technology market
Acres sees favourable conditions for Macau market entry amid increasing competitive pressure.
- DICJ approves Acres to conduct Macau business
The approval gives Acres access to Macau’s casino technology market.
- DICJ approves Interblock Free Fall Roulette
The approval advances Interblock’s planned Macau product introduction.
Enforcement & compliance
- Macau court lists Levo Chan’s seven properties with $17m combined reserve prices
The court sale brings seven properties belonging to imprisoned junket boss Levo Chan to market with $17m in reserve prices.
- Macau police arrest two over alleged casino fraud
The casino faces losses from the alleged fraud involving a croupier.
Deals
- Macau casinos average MOP729m daily revenue from 5 to 11 October
Macau’s daily gaming revenue exceeded September’s average despite softer high-end activity, providing investors a comparison of casino performance.
- UBS estimates Macau daily casino revenue at MOP729m for 5–11 October
UBS estimates give investors a measure of Macau’s lower daily casino revenue after Golden Week’s opening four days.
- CLSA forecasts Macau casino EBITDA to fall 11% year on year in Q3
The forecast points to lower casino earnings in Macau despite increased visitor numbers.
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