CLSA cuts Macau GGR forecast
Analysts now expect GGR for 2025 to reach MOP230.8bn (US$28.7bn).
Macau.- Brokerage CLSA has revised downwards its gross gaming revenue (GGR) forecast for Macau’s casino sector. Analysts now expect GGR for 2025 to reach MOP230.8bn (US$28.7bn). That would be a rise of 1.8 per cent year-on-year.
For 2026, it expects GGR to rise 10.2 per cent year-on-year to MOP254.3bn (US$31.7bn). That’s based on the view that Chinese property prices will bottom out in the second half of this year, which it sees as a key driver for consumer confidence in China.
As reported by Asia Gaming Brief, analysts expect visitor numbers to grow by 2.6 per cent year-on-year in 2025 and 2026. By 2027, CLSA expects visitor numbers to grow by 4.6 per cent, but they would still be 2 per cent lower than in 2019.
In 2024, Macau received 34,928,650 visitors. The figure was up 23.8 per cent in year-on-year terms but remained below 2019 levels. In the first quarter, GGR reached MOP57.66bn (US$7.21bn). That’s an increase of 0.6 per cent in year-on-year terms.
The future of satellite casinos depends on concessionaires, Macau CE says
Chief executive (CE) Sam Hou Fai has said the future of satellite casinos in Macau depends on Macau’s gaming concessionaires, not the government. During a Q&A session, he rejected calls for government action and said casino operators needed to take responsibility for issues related to satellite casinos, including making contingency plans.
Under Macau’s revised gaming law, satellite venues have until December 31, to transition to a management company arrangement, under which they won’t share gaming revenue but will receive a management fee from the concessionaire.
