{"id":777021927,"date":"2025-01-13T06:18:27","date_gmt":"2025-01-13T09:18:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777021927"},"modified":"2026-04-22T02:49:16","modified_gmt":"2026-04-22T05:49:16","slug":"clsa-expects-macau-ggr-to-improve-in-2026","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/clsa-expects-macau-ggr-to-improve-in-2026","title":{"rendered":"CLSA expects Macau GGR to improve in 2026"},"content":{"rendered":"\n

CLSA says Macau GGR for 2025 will be “modest.”<\/p>\n\n\n\n\n\n\n\n

Macau.- Brokerage CLSA <\/strong>has said Macau’s gross gaming revenue (GGR) is likely to be up 4 per cent this year to MOP2.76bn (US$29.4m) mainly due to more visitors.<\/p>\n\n\n\n

However, in 2026, GGR will be up 10.4 per cent year-on-year to MOP224.19bn<\/strong>. Analysts said they think that stabilising property prices in China will help rebuild consumer confidence, which they expect to start improving in the second half of 2025. They added even the slower growth this year will likely depend on a recovery in consumer confidence in China, which is currently close to a 34-year low.<\/p>\n\n\n\n

As a result, analysts said that Macau’s gaming companies will need to adjust their investment plans during this time of “modest” growth and added dividend payouts still have not fully returned to pre-COVID-19 levels across the sector.<\/p>\n\n\n\n

See also:<\/strong> Macau airport passenger volume hits a record in 2024<\/a><\/p>\n\n\n\n

Citigroup forecasts strong start for Macau GGR in 2025<\/h2>\n\n\n\n

Citigroup has projected that\u00a0Macau\u2019s GGR for January\u00a0<\/strong>will\u00a0reach MOP19bn (US$2.38bn), averaging MOP613m (US$76.7m) per day. The figure would be 76 per cent of 2019 levels.<\/p>\n\n\n\n

Although GGR for January alone would be down 2 per cent year-on-year, analyst George Choi <\/strong>said that GGR for January and February combined could reach MOP40bn (US$5.01bn). That\u2019s a rise of 6 per cent year-on-year.<\/p>\n\n\n\n

Citigroup said that its forecast \u201cneutralises the impact of the timing of Chinese New Year\u201d and Golden Week that will take place from January 28 to February 4. Analysts further said the January projection also reflected a slower travel period leading up to Chinese New Year, which usually happens about two weeks before Golden Week.<\/p>\n\n\n\n

Choi explained that the expected 2 per cent decline in year-on-year terms for January is due to the timing of the Spring Festival travel rush, a time that is typically quieter for Macau.<\/p>\n\n\n\n

See also:<\/strong> Macau DICJ announces temporary replacement of former director Adriano Ho<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CLSA says Macau GGR for 2025 will be “modest.”<\/p>\n","protected":false},"author":176,"featured_media":21513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Brokerages CLSA and Citigroup have issued varied GGR forecasts for Macau, with CLSA projecting a modest 4% growth in 2025 to MOP2.76bn, rising to 10.4% in 2026, contingent on China's consumer confidence. Citigroup anticipates a strong start to 2025, forecasting MOP19bn for January and MOP40bn for January-February combined, adjusting for holiday timing. The outlook suggests Macau's gaming operators must recalibrate investment strategies given the projected growth trajectory and unrecovered dividend levels.","focusai_entities":"CLSA, Citigroup, George Choi","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of China Confidence","query":"How might a prolonged stagnation in China's consumer confidence, particularly concerning property market stability, further depress Macau's GGR beyond current brokerage projections for 2025-2026?"},{"label":"Operator Investment Strategy","query":"Given the 'modest' GGR growth projections and unrecovered dividend payouts, what specific adjustments are Macau's concessionaires likely to make to their capital expenditure and market diversification strategies?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-777021927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777021927"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021927\/revisions"}],"predecessor-version":[{"id":777021939,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021927\/revisions\/777021939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21513"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}