Macau GGR reaches US$643.3m in first 8 days of June, JP Morgan says
Analysts say daily average gross gaming revenue was MOP650m (US$80.41m).
Macau.- Analysts at Citigroup have estimated that Macau’s gross gaming revenue (GGR) for the first eight days of June was MOP5.2bn (US$643.3m). The estimated daily run rate was MOP650m (US$80.41m). That’s a decline compared to the previous month’s MOP684m (US$84.61m) per day.
Analysts said the figure is “a very healthy level for shoulder months such as June, seemingly helped by G-Dragon concert as well as the Dragon Boat festival.”
Analysts have forecast that in June GGR could increase by 4 to 7 per cent in year-on-year terms. This would lead to second-quarter GGR growth of 3 to 4 per cent year-on-year and 1 to 2 per cent from the previous quarter versus a typical sequential seasonal decrease of 2 to 4 per cent.
In May, GGR was MOP21.19bn (US$2.62bn). That’s an increase of 1.7 per cent from May 2024 and 12.4 month-on-month. It was the city’s best monthly performance post-Covid-19. Cumulatively, Macau’s GGR for the first five months of 2025 was MOP97.7bn (US$12.1bn), up 1.7 per cent year-on-year. The figure was 77 per cent of the same period of 2019 (MOP125.6bn) (US$5.5bn).
Macau government lowers GGR forecast for 2025
The Macau government has lowered its gross gaming revenue (GGR) forecast for this year by 5 per cent, from MOP240bn (US$ 29.8bn) to MOP 228bn (US$ 28.3bn). André Cheong Weng Chon, the city’s secretary for administration and justice, made the announcement after the Executive Council reviewed the government’s amended budget plan for 2025.
Ho In Mui, the deputy director of the financial services bureau, said the revised budget was based on consideration of many factors, including global economic uncertainties, changes in visitor spending habits and figures for the year to date. The revised budget plan for 2025 will be presented to the city’s Legislative Assembly for discussion.
From January to April this year, Macau saw average gaming revenue of MOP19bn per month, which is lower than the MOP20bn the government had predicted.
