Morgan Stanley forecasts Macau gross gaming revenue will rise 16% year on year in Q4 2025. It also estimates EBITDA growth of 9% for the quarter and expects double-digit gaming revenue growth to continue into 2026.
The forecast gives investors and operators an estimate of Macau’s near-term gaming revenue and EBITDA growth.
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Evoke has launched a strategic review that will consider options including a sale of the group or parts of its business. The company said there is no guarantee of a transaction and appointed Morgan Stanley and Rothschild & Co as financial advisers.
A stock-market roundup reported weekly share-price movements and analyst views across gaming companies. DraftKings rose 5.4% for the week, while Esports Entertainment Group gained 21.6%; analysts at Morgan Stanley raised their DraftKings target to $52 and kept an overweight rating, and Citi maintained a buy rating with a $58 target. The report also discussed other operators and market factors.
Gaming companies are due to report first-quarter results from this week, with Las Vegas Sands scheduled to report first, followed by other listed operators. Morgan Stanley analyst Stephen Grambling said casino trends weakened from the previous quarter, while digital handle remained stable. Deutsche Bank lowered its Macau forecasts for the first quarter of 2025 and subsequent periods, according to the report.
Italy's retail gambling reform has stalled after the prime minister's office reportedly returned the draft decree to the Ministry of Economy and Finance for further review. Undersecretary Alfredo Mantovano told a media outlet that any approved decree would retain regional minimum-distance protections; existing concessions are to be extended through 31 December 2026.
Goldman Sachs, Morgan Stanley, JPMorgan Chase and Bank of America have introduced or expanded restrictions on employee activity in prediction markets, according to reports. Their policies cover event contracts linked to companies, financial markets, politics or macroeconomic data, while Goldman Sachs permits sports and entertainment markets. The banks cited legal and reputational risk rather than a new regulatory requirement.