Citi expects Macau’s casino industry EBITDA to decline 7% year on year to US$1.923bn in the second quarter of 2026, citing the World Cup and unfavourable hold rates. The bank also forecasts a 12% quarter-on-quarter fall and says Galaxy Entertainment could gain 1.7 percentage points of market share while Sands China loses 2.5 points.
The forecasts signal potential earnings and market-share changes for Macau casino operators.
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Sands China has proposed a new notes offering to professional investors, reportedly to refinance US$700 million of debt. The company had not yet provided further details in the available report.
Macau's six casino concessionaires signed on as limited partners in the Macau SAR Government Guidance Fund on 23 October, committing a combined MOP9bn ($1.12bn). With MOP11bn from fiscal reserves, the fund starts with about MOP20bn ($2.48bn). Commitments count toward the operators' non-gaming investment pledges under concessions running to 2032.
Sportradar agreed a $170m sale, European Gaming reported in its gambling stocks review for 5–9 October. Six of the nine stocks tracked gained during the week, while Citi upgraded Flutter.
Pix transaction counts in Brazil fell about 10% between 26 and 28 September after publication of the measure banning online sports betting, according to Central Bank data cited in the report. The daily declines were 11% on Saturday, 12% on Sunday and 7.4% on Monday, measured against the average for the corresponding days in the previous four weeks. The figures count transactions, not the money transferred.
Sands China trained 42 employees in Macau in late August through its advanced responsible gambling ambassador programme. The training covered recognising gambling problems, communicating with affected customers and accessing support services. Sands China said all its more than 28,000 employees must complete responsible gambling training when joining.