Seaport Research forecasts Macau gross gaming revenue will rise 19% year on year in January, according to an analyst note cited in the report. The firm expects first-quarter growth of more than 14%, while its full-year 2026 forecast is 7%.
The forecasts give investors and suppliers an indication of expected Macau market growth.
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iGamingToday reported that Seaport Research Partners expected Macau GGR to grow 4.5% year-on-year in August and 11% in September. The brokerage anticipated delayed customer visits after World Cup disruption, while noting economic and weather uncertainties.
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.
Seaport Research forecasts a 5 percent decline in Macau October gross gaming revenue, citing weaker Chinese economic conditions and tax enforcement on offshore trusts affecting wealthy customers. The brokerage projects October GGR of MOP22.87bn ($2.84bn). September GGR fell 1.2 percent year-on-year to MOP18.06bn ($2.23bn).
Seaport Research forecasts a 5 percent year-on-year decline in Macau gross gaming revenue for October, according to an October 1 report by senior analyst Vitaly Umansky. The brokerage projects October GGR of MOP22.87bn ($2.84bn).
Melco Resorts & Entertainment is evaluating possible online gaming operations at City of Dreams Manila, but has made no decision, according to Seaport Research Partners. The report said Melco could also consider selling its interest in the property if it received an acceptable valuation; the company ended its strategic-options review earlier this year without completing a transaction.
City of Dreams Manila management is considering entering online gaming in the Philippines, citing Seaport Research Partners. The brokerage based its assessment on discussions with Melco Resorts & Entertainment management at the 2026 Seaport Annual Summer Conference.