Macau’s 2025 GGR will be 25% higher than in 2019, analysts say

Bernstein predicts Macau GGR will reach 89 per cent of pre-pandemic levels in 2022.
Bernstein predicts Macau GGR will reach 89 per cent of pre-pandemic levels in 2022.

Sanford C. Bernstein has predicted that Macau’s GGR in 2025 could be 25 per cent than it was at pre-pandemic levels.

Macau.- Sanford C. Bernstein has forecast that Macau’s gross gambling revenue could be 25 per cent higher than 2019 levels in 2025.

According to analysts, long-term structural growth driven by mass and premium mass gaming remains intact.

The analysts also said that Macau’s GGR could reach 89 per cent of pre-pandemic levels in 2022 and that it will grow more than 11 per cent in 2025. They added that mass-market revenue could be 50 per cent higher than in 2019.

Sanford C. Bernstein also forecasts that Sands will expand its mass GGR contribution in Macau by 85 per cent of its GGR by 2025. Analysts said the casino operator was likely to maintain its market leadership position among Macau’s six operators.

As for Macau’s performance beyond 2025, they said that will depend on project developments in the city. Some analysts believe Macau should consider turning to technology and online gambling to maintain revenue.

A report entitled “The economic impact of a global pandemic on the tourism economy: the case of COVID-19 and Macao’s destination- and gambling-dependent economy” suggests state casino operators should turn to online gambling and technology to recover.

Another recent paper has proposed that Macau add requirements to its gaming licences criteria to require operators to help the diversification of Macau’s economy. 

Macau GGR for the first week of July was up 16 per cent when compared to the previous week. Macau’s GGR was also up 29 per cent in comparison with June as a whole. In June, Macau registered its lowest GGR since November 2020, with a drop of 37 per cent month-on-month.

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