Macau’s gross gaming revenue should beat consensus in 2026, with stimulus packages in mainland China and ongoing investment by Macau’s concessionaires expected to drive sustained growth throughout this year, according to the latest research report by CBRE Equity Research.
CBRE’s investment research arm also said it was updating its earnings models to reflect slightly higher EBITDA estimates for 1Q26 and FY26 given strong Macau GGR results in the first few months of the year.
Macau stocks remain underwhelming, with US-listed Macau gaming stocks down an average of 14.0% year-to-date and their HK-listed peers down 10.0%.
