Macau’s gross gaming revenue (GGR) is expected to return to year-on-year growth in August and accelerate further in September as demand normalizes following disruption from the 2026 FIFA World Cup, according to Seaport Research Partners. Seaport said mass-market gaming outperformed the VIP segment in July, although VIP hold was relatively strong compared with recent months. Seaport said that easier liquidity, more supportive visa policies and a stronger renminbi should help boost higher-end gaming demand by improving customer spending power. The brokerage estimates that overnight base-mass gaming revenue remains about 30% below 2019 levels. Seaport also cautioned that the durability of Macau’s gaming recovery remains uncertain.