According to a research report published by UBS, Macau's official data shows that total gaming revenue in December 2025 was approximately MOP 20.9 billion, an increase of 15% year-on-year and a slight decrease of 1% month-on-month. The average daily gaming revenue was around MOP 674 million, down 4% month-on-month, below market expectations of MOP 693 million. Macau's total gaming revenue for the year totaled MOP 247 billion, an increase of 9% year-on-year. Looking ahead to 2026, the bank maintains a constructive view of Macau's gaming industry. It is expected that demand will remain resilient, supported by upgraded travel products, increased marketing activities, and a more diversified customer base. These factors can continue to drive growth, especially in the high-end customer segment. In the sector, the bank is more optimistic about Galaxy Entertainment and Wynn Macau. The target prices are HK$46.9 and HK$8.9 respectively, giving them a “buy” rating.

According to a research report published by UBS, Macau's official data shows that total gaming revenue in December 2025 was approximately MOP 20.9 billion, an increase of 15% year-on-year and a slight decrease of 1% month-on-month. The average daily gaming revenue was around MOP 674 million, down 4% month-on-month, below market expectations of MOP 693 million. Macau's total gaming revenue for the year totaled MOP 247 billion, an increase of 9% year-on-year. Looking ahead to 2026, the bank maintains a constructive view of Macau's gaming industry. It is expected that demand will remain resilient, supported by upgraded travel products, increased marketing activities, and a more diversified customer base. These factors can continue to drive growth, especially in the high-end customer segment. In the sector, the bank is more optimistic about Galaxy Entertainment and Wynn Macau. The target prices are HK$46.9 and HK$8.9 respectively, giving them a “buy” rating.