【Macau Gaming Stocks】2026 World Cup Diversion Effect? Macau’s June Gaming Revenue Drops 12% Year-on-Year to 18.5 Billion

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The Macau Gaming Inspection and Coordination Bureau announced that gaming revenue for June was 18.52 billion Macau patacas, a year-on-year decrease of 12% and a month-on-month decrease of 18%. In the first six months of this year, gaming revenue reached 126.9 billion Macau patacas, a year-on-year increase of 7%.

June gambling revenue falls short of Citi's expectations

The significant month-on-month and year-on-year decline in June gambling revenue is not unrelated to the 2026 World Cup. Citi previously released a report, stating that due to the top-tier football tournament held from June 11 to July 19 (North American time), Macau's total gross gambling revenue (GGR) for June this year is expected to fall 10% year-on-year, and 7% year-on-year in July, with recovery not expected until after the event.

Citi's report points out that historical analysis shows that major football tournaments divert Macau players' gambling budgets, and this year's expanded format, featuring more matches (adding 16 participating teams and introducing a round of 32 in the knockout stage), may cause a more severe impact.

Citi predicts that despite the short-term slowdown, it remains bullish on the Macau market and suggests buying its top picks, Galaxy Entertainment (00027) and Sands China (01928), on dips when short-term stock prices may be weak.

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