Macao is approaching a pivotal moment in 2026 as its casino-driven rebound converges with a broader economic transformation. After years of volatility, the city is experiencing a revival in gaming revenue, renewed investor attention, and intensified competition among concessionaires. Yet this resurgence comes with structural challenges: regulatory recalibrations, rising dependence on mass-market tourism, and the government’s push to diversify Macao’s economic pillars.