Las Vegas Sands, MGM China and Wynn Resorts reported a temporary drop in visitation and gaming activity across Macau properties in Q2 2026, driven by the football World Cup. The tournament pulled VIP players and mass-market traffic away in June, but recovery began in July and accelerated through August.
Las Vegas Sands posted strong results in Singapore: Marina Bay Sands delivered $689m EBITDA, $37m above forecast, with mass-market revenue up 5% year-on-year despite the World Cup. Macau EBITDA came in at $430m, $87m below expectations due to weak VIP hold at 1.35%. GGR reached $1.79bn, down 0.4% year-on-year, while rolling volumes surged 73%, mass-market rose 8% and slots climbed 30%.
MGM China recorded revenue of HK$17.4bn ($2.21bn) and EBITDA of HK$4.8bn ($612m). April and May were strong; June suffered from the tournament. Visitation and GGR in July exceeded Q1 levels. The operator opened a 40,000-square-foot premium zone in Cotai and refurbished 63 rooms. MGM Osaka is scheduled for autumn 2030.
Wynn Resorts saw Macau revenue climb: Wynn Palace rose 21% to $653.4m. The VIP segment generated $306m adjusted EBITDA, though weak hold cut nearly $9m. Mass-market grew 5%. Q3 rolling volumes and drop declined year-on-year, but late July and August showed recovery. Wynn Al Marjan Island in the UAE is set to open in 2027, with the budget raised by $600m due to delays.
