{"id":777025375,"date":"2025-04-16T02:56:40","date_gmt":"2025-04-16T05:56:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025375"},"modified":"2026-04-21T23:49:12","modified_gmt":"2026-04-22T02:49:12","slug":"clsa-cuts-macau-ggr-forecast","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/clsa-cuts-macau-ggr-forecast","title":{"rendered":"CLSA cuts Macau GGR forecast"},"content":{"rendered":"\n

Analysts now expect GGR for 2025 to reach MOP230.8bn (US$28.7bn).<\/p>\n\n\n\n\n\n\n\n

Macau.- Brokerage CLSA<\/strong> has revised downwards its gross gaming revenue (GGR) forecast for Macau\u2019s 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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

In 2024<\/a>, Macau received 34,928,650 visitors. The figure was up 23.8 per cent in year-on-year terms<\/a> but remained below 2019 levels. In the first quarter<\/a>, GGR reached MOP57.66bn (US$7.21bn). That\u2019s an increase of 0.6 per cent in year-on-year terms. <\/p>\n\n\n\n

The future of satellite casinos depends on concessionaires, Macau CE says<\/h2>\n\n\n\n

Chief executive (CE) Sam Hou Fai<\/a> 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.<\/p>\n\n\n\n

Under Macau\u2019s revised gaming law<\/a>, satellite venues have until December 31, to transition to a management company arrangement, under which they won\u2019t share gaming revenue but will receive a management fee from the concessionaire.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau GGR rises slightly in March<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Analysts now expect GGR for 2025 to reach MOP230.8bn (US$28.7bn).<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"CLSA has revised Macau's GGR forecasts downwards for 2025, projecting MOP230.8bn, while anticipating growth in 2026 and 2027 driven by a recovery in Chinese consumer confidence. Concurrently, Macau's Chief Executive clarified that the future of satellite casinos, including their transition to management company arrangements under the revised gaming law, is the sole responsibility of gaming concessionaires, not the government.","focusai_entities":"CLSA, Sam Hou Fai, Asia Gaming Brief","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.85), operator_casino (1.0), affiliate_publisher (0.7), marketing_crm (0.75), investor_analyst (1.0), supplier_vendor (0.7)","focusai_suggestions":[{"label":"Satellite Casino Liability","query":"What specific liabilities and operational complexities do Macau's gaming concessionaires assume by transitioning satellite casinos to a management company arrangement under the revised gaming law?"},{"label":"GGR Forecast Drivers","query":"Beyond Chinese property prices, what other macroeconomic indicators or policy shifts could significantly impact CLSA's revised GGR forecasts for Macau in 2025-2027?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777025375","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025375","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=777025375"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025375\/revisions"}],"predecessor-version":[{"id":777025410,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025375\/revisions\/777025410"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777025375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}