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The Macao Gaming Inspection and Coordination Bureau reiterated that the claim of a 'casino black box' is false information.
The Gaming Inspection and Coordination Bureau of Macao reiterated that recent online messages circulating on social media platforms regarding the so-called 'Macao casino black box' are entirely unfounded rumors. Furthermore, multiple unverified claims have again recently surfaced alleging that individuals have received refunds of gambling losses after being defrauded, with some self-proclaimed victims urging others to contact specific individuals for assistance. Such messages may involve fraud. The public is hereby strongly advised not to believe or share unverified information to avoid falling victim to scams. The Bureau emphasized that all gaming equipment operating within Macao’s casinos is subject to strict regulatory oversight and must comply with applicable laws and regulations, technical standards, and security requirements. All electronic gaming devices must be approved by the Gaming Inspection and Coordination Bureau prior to deployment.
Citi: Macau's gaming revenue in June and July is expected to decline by 10% and 5% year-over-year, respectively, due to the World Cup.
It is recommended to establish positions in Galaxy Entertainment (00027) and Sands China (01928)—the two companies the bank favors most—when their share prices show potential short-term weakness.
Citi maintains its forecast for a 10% year-over-year decline in Macau’s June gaming revenue, as the World Cup diverted a portion of betting budgets.
Citi published a research report noting that industry data indicates Macau's gross gaming revenue (GGR) for the first seven days of June may have reached approximately MOP 4.9 billion, implying an average daily run rate of around MOP 700 million—about 4% lower than in May, potentially due to China’s national college entrance examination (Gaokao) taking place in early June. Looking ahead, the bank believes Macau’s GGR could face headwinds, as the summer FIFA World Cup may divert a portion of players’ betting budgets away from Macau. Additionally, the high base effect from last year—when Jacky Cheung held concerts in Macau during the same period—will make year-over-year comparisons more challenging. The bank maintains its June GGR forecast at MOP 19 billion, representing a 10% year-over-year decline, implying an average daily run rate for the remainder of the month of
Hong Kong Market Movers | Gaming stocks decline collectively; JPMorgan notes World Cup will temporarily divert spending, potentially weighing on gaming revenue data over the next two months
Casino stocks declined collectively. As of the time of writing, MGM China (02282) fell 5.17% to HK$10.83; SJM Holdings (00880) dropped 4.28% to HK$1.79; Sands China (01928) decreased 3.55% to HK$14.67; and Wynn Macau (01128) slid 3.47% to HK$5.57.
CLSA Downgrades Macau Gaming Stocks’ Target Prices, Citing Sector Entering a Slow Lane and Facing Pressure on Free Cash Flow
Lyon published a research report stating that Macau’s gaming industry is entering a slower growth phase, with overall gaming revenue growth expected to moderate year-over-year due to a high base effect and lack of incremental drivers. The sector is currently in its seasonal low period in the second quarter, and the upcoming FIFA World Cup—scheduled to run for 39 days from June 11 to July 19—is likely to divert some tourists, potentially leading to a sequential decline in the industry’s EBITDA for the quarter. The firm slightly lowered its forecast for Macau’s total gaming revenue growth in 2026 by one percentage point to 4% year-over-year, reaching MOP 257.3 billion, and broadly reduced target prices for multiple Hong Kong-listed stocks in the sector. The report noted that industry competition is
Man Kei Wa expects tourist arrivals in Macao to increase by approximately 10% this year.
Macao Government Tourism Office Director Maria Helena de Senna Fernandes stated that, in accordance with traditional patterns, July marks the start of the summer holiday season, and the tourism market is expected to remain robust. Data show that visitor arrivals in Macao increased by an average of approximately 13% in the first four months of this year, and overall annual growth is projected to be around 10%. However, due to forecasts of consecutive heavy rain and unstable weather conditions in recent weeks, same-day short-haul visitor numbers may be particularly affected. At present, weather conditions appear to be the only factor influencing tourist volumes.