Macau concessionaires reduced commissions and rebates while maintaining similar gaming revenue, amid rules that have curtailed junkets’ role. JP Morgan expects gross gaming revenue to grow by 5–6% in 2026, led by mass-market play and slots, with profit growth forecast to outpace revenue growth.
Lower intermediary costs and the 2026 revenue outlook affect casino operators’ expected margins in Macau.
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Remote Gaming Duty in the UK is due to rise from 21% to 40% on 1 April 2026, with analysts saying the increase could affect online-sector margins. Market commentary also linked gambling-share declines to US prediction-market growth; Matchbook was reportedly preparing a UK launch in the coming weeks.
Macao’s casinos generated more than €2.37bn in gaming revenue in January 2026, reportedly 24% above January 2025 and the region’s highest monthly figure since the pandemic. Revenue for 2025 approached €24bn, according to the report.
Analysts discussed gaming-company outlooks and market figures in notes dated 29 January to 2 February, the report said. Macau's gaming bureau reported January gross gaming revenue of MOP22.6 billion, up 24% year over year and equal to 91% of 2019 levels; analysts also cited New York online sports betting hold of 4.7% for the week.
Analysts reviewed prediction markets, Bally's Chicago casino timeline, New Jersey's December gaming revenue and the 2026 outlook for digital operators in notes cited in the roundup. One analyst said Bally's was seeking a 12-month extension to its temporary casino licence, while another reported New Jersey December casino gross gaming revenue of $216.1 million and sports betting revenue of $116.3 million.
Macau’s DICJ reported December gaming revenue of MOP20.9bn, up 15% year on year and equal to 91% of 2019 levels. Analysts at J. P. Morgan said the result likely fell short of investor expectations; Truist Securities reported that November Las Vegas Strip revenue declined 1% year on year.