Citi kept its February 2026 forecast for Macau casino gross gaming revenue at MOP20.5 billion, equivalent to 4% annual growth, citing industry sources. It estimated GGR at MOP5.0 billion for 1–8 February, about 14% below January’s average daily rate, and projected MOP43.1 billion for January and February combined.
Operators can use the forecast to assess Macau revenue trends, though early-February GGR was below January’s average daily rate.
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Macau gaming revenue rose 14.4% year on year in the first quarter of 2026, while the quarter-on-quarter figure fell 0.3%, according to government data cited in the report. Seaport Research Partners expects growth to slow during the rest of the year and estimates EBITDA growth of 9% alongside a 30-basis-point decline in margins. The brokerage also expects operating expenditure to increase by 6% to 7% in 2026.
Morgan Stanley forecast Macau casino gross gaming revenue to rise by about 6% in 2026, compared with projected growth of about 1% in Singapore and Las Vegas. The bank expects Macau EBITDA to increase by 2%, citing promotion costs and non-gaming expenses; official figures put Macau’s 2025 GGR at MOP247.40bn, up 9.1% year on year.
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.
FATF warned that illegal and unlicensed offshore gambling creates significant money-laundering risks. It said illicit markets in some jurisdictions are as large as or larger than regulated markets, and identified rapid cross-border transfers, complex ownership and weakly supervised partnerships as risks.
Citi said total premium mass wagers observed in its August survey of Macau casinos rose 7% year on year to HK$14.3 million, while the number of premium players fell 16% to 525. Average wagering per premium player increased 27% to HK$27,284, and the average minimum bet at mass baccarat tables declined 13% to HK$1,901.