Wynn Resorts’ $5.7 billion Wynn Al Marjan Island project could generate more gaming revenue than the company currently expects, according to Wolfe Research. The firm’s analysis compares the UAE market with Singapore, where limited casino licensing and strong international tourism have supported major integrated resorts. Wolfe Research analyst Peter Supino believes similar conditions could help Wynn Al Marjan Island outperform Wynn’s own projections after opening in Ras Al Khaimah. Wynn has previously forecast annual gaming revenue of up to $1.66 […]

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Morgan Stanley has revised down its outlook for Macau’s gaming sector, lowering its gross gaming revenue (GGR) and earnings expectations for 2026 amid expectations of slower growth and continued pressure on estimates across the industry. The investment bank now forecasts full-year 2026 GGR at approximately MOP260.6 billion (US$32.3 billion), up from 2025 levels of MOP247.40 billion. This implies annual growth of around 5.3%, below both its earlier projection and broader market expectations of roughly 6%. Analysts Praveen Choudhary and Stephen Grambling said […]

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The US gaming sector entered 2026 with steady momentum, supported by continued growth in core business activity and a generally positive outlook among industry leaders. At the same time, concerns around prediction markets and shifting regulatory dynamics have moved closer to the center of strategic discussions, according to the latest industry survey. Data from the American Gaming Association’s Spring 2026 Gaming Industry Outlook [pdf] shows that economic activity across the casino sector continued to expand during the first quarter. The report, […]

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Flutter Entertainment entered 2026 facing investor pressure after reporting fourth-quarter results that fell short of expectations, even as it highlighted long-term growth plans tied to prediction markets and iGaming expansion. The NYSE-listed group reported Q4 2025 revenue of $4.74 billion, below consensus forecasts of $4.90 billion. Adjusted earnings per share came in at $1.74, missing the $1.80 estimate. For the full year, revenue reached $16.38 billion, under the revised midpoint guidance of $16.69 billion. Shares declined sharply in pre-market trading following […]

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Macau’s latest fiscal planning documents outline a fresh set of expectations for the gaming sector in 2026, placing projected gross gaming revenue at MOP236 billion (US$29.43 billion). The estimate appears across the newly issued 2026 fiscal budget plan and reflects a modest but deliberate increase from the government’s revised 2025 forecast of MOP228 billion. That revision was introduced earlier this year after gaming revenue between November 2024 and April 2025 came in lower than initially expected. Government Outlines Basis for 2026 […]

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Australia is confronting a dramatic escalation in its illegal offshore gambling market, with new data showing losses have more than doubled since 2019. Research conducted by H2 Gambling Capital for Responsible Wagering Australia (RWA) found that Australians are now losing $3.9 billion each year to unlicensed overseas gambling platforms, a figure expected to rise to $5 billion by 2029. The expanding market now represents 36% of all online gambling in the country. The financial consequences extend well beyond player losses. Governments […]

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Investment bank Jefferies has revised its expectations for Macau’s casino industry, lifting its 2025 gross gaming revenue (GGR) forecast to MOP248 billion (US$31.8 billion). This marks a significant increase from the firm’s earlier projection of MOP237 billion, placing Jefferies’ outlook above government estimates and at the top end of market predictions. Jefferies Pushes Forecasts to the High End Analysts Anne Ling and Jingjue Pei credited the upgrade to a combination of high-profile events, newly opened properties, and stronger consumer spending power from stock and cryptocurrency […]

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BetMGM has reported stronger-than-anticipated financial results for the second quarter and first half of 2025, prompting the company to revise its full-year guidance upward. The joint venture between MGM Resorts and Entain revealed substantial year-over-year growth in both revenue and profitability, with a standout performance in its iGaming and online sports betting divisions. H1 Revenue Surpasses $1.35B as BetMGM Lifts Full-Year Outlook For Q2 2025, BetMGM posted $692 million in net revenue, reflecting a 36% increase from the same period in 2024. Across the first half of […]

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Light & Wonder has significantly raised its future earnings expectations, announcing during its 2025 Investor Day that it now aims to achieve US$2 billion in adjusted EBITDA by the year 2028. This target marks a substantial increase from the company’s previously declared US$1.4 billion goal for 2025, and outlines an aggressive growth trajectory over the next three years. Strategic focus: market gains and segment expansion: During the presentation in New York, President and CEO Matt Wilson stated, “This is a business that has delivered on its commitments, time after time.” He […]

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Macau’s gaming industry is expected to continue its recovery in 2025, with analysts forecasting steady growth, though at a more moderate pace compared to the previous year. According to a recent report by CreditSights, a division of Fitch Group, Macau’s gross gaming revenue (GGR) is predicted to increase by 8% in 2025, reaching approximately MOP$245 billion (US$30.5 billion). This growth, while slightly more restrained than the 2024 surge, still surpasses the government’s earlier projection of MOP$240 billion (US$29.9 billion). Catalysts for growth in 2025: The outlook for 2025 […]

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