Macau's gaming revenue has shown robust growth in 2025, with June revenue reaching 21.06 billion patacas, marking a 19% year-over-year increase and surpassing estimates by 7-9%. This performance brought revenue to 88% of pre-pandemic June 2019 levels. The strong results positively impacted casino operators including Las Vegas Sands, Wynn Resorts, MGM Resorts, and Melco Resorts, whose shares rallied significantly. Wynn Resorts rose by 7.9%, Las Vegas Sands by 7.7%, and MGM Resorts by 5.8%, with Las Vegas Sands and Wynn Resorts closing nearly 9% higher on one of their best trading days of the year. Las Vegas Sands reported second-quarter earnings exceeding expectations, with adjusted earnings per share of $0.79, revenue of $3.18 billion, and net income of $519 million. The company highlighted record performance at Marina Bay Sands, which generated $768 million in adjusted property EBITDA, supported by high Rolling Play hold. Melco also reported positive second-quarter results and saw its shares jump 15%. Macau’s gaming revenue continued to exceed analyst expectations into July, with a 19% year-over-year increase, marking the fourth consecutive month of revenue growth surpassing forecasts. Overall, the expansion is supported by new properties and strong performances in Macau and Singapore, driving optimism for the casino sector.