Macau GGR rises slightly in March
Gross gaming revenue amounted to MOP19.66bn (US$2.46bn).
Macau.- The Gaming Inspection and Coordination Bureau (DICJ) has reported that Macau’s gross gaming revenue (GGR) in March was MOP19.66bn (US$2.46bn). That’s an increase of 0.8 per cent in year-on-year terms but a dip of 0.4 per cent sequentially. GGR was 76.1 per cent of March 2019’s level.
For the first quarter of 2025, Macau’s GGR was MOP57.66bn (US$7.20bn), up 0.6 per cent from the prior-year period. However, this figure remains 24.7 per cent lower than the first quarter of 2019 (MOP76.15bn).
Jefferies now expects GGR for 2025 to reach MOP240bn (US$30bn), down 2 per cent from their previous estimate of MOP245bn. That would be a rise of 5.8 per cent year-on-year, which is in line with government estimates. Jefferies predicts that Sands China’s market share will rise from 24.1 per cent in 2024 to 25.1 per cent by 2026. Galaxy Entertainment’s share is forecast to rise from 18.8 per cent to 19.3 per cent and SJM Holdings’s to fall by 0.8 percentage points to 12.4 per cent by 2026.
Macau’s GGR for 2024 was MOP226.78bn (US$28.39bn), up 23.8 per cent year-on-year but down 22.45 per cent compared to 2019 levels (MOP292.45bn). The result surpassed the Macau government’s expectations.
