Macau gaming stocks saw an extended decline in trading. At the time of writing, MGM China (02282) fell 3.55% to HK$15.74, Sands China (01928) dropped 3.67% to HK$19.96, Wynn Macau (01128) declined 1.6% to HK$6.15, and Melco Int'l Dev (00200) slipped 1.52% to HK$4.55.

The Macau SAR government previously projected that, under favorable conditions, the region's tourism industry is expected to sustain growth in 2026. However, considering external uncertainties and economic conditions, the government has prudently estimated the full-year gross gaming revenue (GGR) for next year at MOP 236 billion.

Citi released a research report stating that Macau is likely to remain the preferred destination for affluent mainland tourists, supported by a robust lineup of concerts, new luxury hotel offerings, and innovative baccarat side bets. The bank currently forecasts a 6% year-on-year increase in Macau's gaming revenue for 2026, with industry EBITDA projected to grow 10% YoY. The EBITDA margin is expected to remain stable at around 29%, showing little change from the previous year.