Controlling operating expenses and optimizing player reinvestment and commission strategies will become increasingly important for Macau’s operators during the second half of 2026 given expectations of slowing growth, according to Seaport Research Partners.
In a note ahead of 1Q26 earnings season, which kicks off this week, Seaport’s Vitaly Umansky observed that the current Q2 faces more difficult comparisons year-on-year than Q1 – starting in May – resulting in a “material growth deceleration” for the rest of the year.
As such, operators will become more attuned to fluctuations in expenses and player reinvestment, although Umansky sees little respite in the near-term.
