Macau’s gross gaming revenue rose 19% year on year to MOP$21.06 billion in June, reportedly. The report said Wynn Resorts, MGM Resorts and Las Vegas Sands shares also increased, while Macau’s gaming-related crime rose by more than 60% in the first quarter compared with a year earlier.
The revenue and crime figures offer operators and investors updates on Macau’s market performance and regulatory environment.
Quarter ended 30 September 2026
Quarter ended 30 September 2026
Quarter ended 30 September 2026
The day’s most important stories, free. One email a day.
J.P. Morgan analyst Daniel Politzer favoured Las Vegas Sands and DraftKings ahead of fourth-quarter earnings, while taking a cautious view of the wider gaming sector. He forecast $626 million in fourth-quarter Macau cash flow for Sands and $723 million in Singapore, and said comparisons would become harder in the second half of 2026.
New York’s application deadline for three downstate commercial casino licences closed on 27 June, with eight developers still competing, reportedly. MGM Resorts said it filed a $2.3bn proposal on 26 June to convert Empire City Casino into a full casino resort; it plans to finish the project by mid-2029 if awarded a licence. Community Advisory Committees will begin statutory reviews after the deadline.
Analysts issued views on GLPI, Double Down Interactive, Churchill Downs and Boyd, while Fitch Ratings assessed risks for US gaming operators in Macau. One analyst estimated Double Down’s first-quarter revenue at $81 million, below an $85 million consensus, while Fitch cited trade tensions and China’s weaker economic outlook as potential pressures on Macau gaming revenue and earnings.
US-based Macau casino operators Las Vegas Sands, MGM Resorts International and Wynn Resorts face a low risk of direct retaliatory tariffs from China, CBRE Equity Research analysts John DeCree and Max Marsh said. They said recent data showed tourists were still visiting Macau casinos operated by the companies, while direct action could destabilise the region.
Jefferies analyst David Katz lowered forecasts for several gaming companies in an investor note dated 17 April, citing trade uncertainty, uneven economic conditions and market performance. He reduced price targets for six stocks, including Caesars Entertainment from $50 to $36 and Las Vegas Sands from $67 to $53.