Macau Enjoys Best GGR Marks Since the 2020 Pandemic

Macau casinos had their finest 12 months for the reason that pandemic, as gross gaming income (GGR) reached MOP$292.4bn (US$36.5bn) in 2025. This was aided by December’s 9.1% year-on-year improve and a 15% rise for the ultimate three months, in comparison with the forecasted 9% quarterly progress goal analysts had set at the beginning of the quarter.

The ultimate 2025 determine was nonetheless MOP$45bn (US$5.6bn) beneath 2019’s consequence. The particular administrative area of China has been working to return to those ranges for the reason that pandemic considerably impacted visitation.

count on revenue ranges to proceed rising modestly

Funding banks imagine extra positive aspects are on the horizon. JPMorgan and Deutsche Financial institution analysts predict that GGR may improve by nearly 6% in 2026, pushed by growing customer numbers and improved slot outcomes. Analysts additionally count on revenue ranges to proceed rising modestly.

It’s extra of a query of high quality over amount, because the variety of casinos working in Macau has dropped from 42 in 2021 to twenty by the tip of final month. A big motive for this decline is the federal government’s crackdown on satellite tv for pc casinos operated by third events in collaboration with the area’s six licensed operators. All gaming tables and slots at these amenities needed to be relocated to completely licensed casinos by December 31.