{"id":777025635,"date":"2025-04-23T05:02:38","date_gmt":"2025-04-23T08:02:38","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025635"},"modified":"2026-04-21T23:38:12","modified_gmt":"2026-04-22T02:38:12","slug":"seaport-lowers-macau-ggr-forecast-for-2025","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/seaport-lowers-macau-ggr-forecast-for-2025","title":{"rendered":"Seaport lowers Macau GGR forecast for 2025"},"content":{"rendered":"\n

Analysts now expect Macau GGR to grow by only 3 per cent this year.<\/p>\n\n\n\n\n\n\n\n

Macau.- Seaport Research Partners<\/strong> has revised downwards its gross gaming revenue (GGR) forecast for Macau’s casino sector <\/strong>for this year from 6.5 per cent to 3 per cent. The move follows a “weaker than expected start to the year.” For 2026 and 2027, analysts maintained their forecasts at 7 per cent with GGR expected to reach 92 per cent of 2019 levels by 2027.<\/p>\n\n\n\n

Analyst Vitaly Umansky <\/strong>said he expects the market to strengthen in late summer and the second half of this year, adding that he does not expect US president Donald Trump’s tariff announcements to significantly hurt Macau’s economy for now.<\/p>\n\n\n\n

He noted that the long-term growth of Macau\u2019s gaming industry is still strong, driven by more visitors and higher spending on baccarat side bets, which have a higher casino advantage. Seaport said the benefits of smart digital tables could be better than expected.<\/p>\n\n\n\n

Seaport warned that a significant drop in the value of China’s currency or a weaker Chinese economy could negatively impact its forecast. It expects first-quarter results to be weak as Macau’s growth stagnated, although individual companies should perform as expected.<\/p>\n\n\n\n

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. Seaport expects industry property earnings before interest, taxes, depreciation, and amortization (EBITDA) to decline by 0.6 per cent sequentially and by 6.5 per cent in year-on-year terms. Analysts attributed the decline to higher costs and weaker non-gaming revenue, which hurt operating efficiency. The EBITDA margin is estimated to fall to 27 per cent in the first quarter, down 29.1 per cent year-on-year.<\/p>\n\n\n\n

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

Chief executive (CE)\u00a0Sam Hou Fai<\/a> has said that the future of satellite casinos in Macau depends on Macau\u2019s 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><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Analysts now expect Macau GGR to grow by only 3 per cent this year.<\/p>\n","protected":false},"author":176,"featured_media":25493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Seaport Research Partners has revised Macau's 2024 Gross Gaming Revenue (GGR) growth forecast downwards from 6.5% to 3% due to a weaker Q1, though long-term growth projections remain stable. Concurrently, Macau's Chief Executive affirmed that the future of satellite casinos rests with concessionaires, who must transition them to a management fee model by year-end under revised gaming law.","focusai_entities":"Seaport Research Partners, Vitaly Umansky, Sam Hou Fai","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.85), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Concessionaires","query":"How will the revised GGR forecasts and the mandate for satellite casino transitions impact the capital expenditure and operational strategies of Macau's primary gaming concessionaires?"},{"label":"Regulatory Compliance Challenges","query":"What specific regulatory compliance challenges are anticipated for concessionaires in transitioning satellite casinos to a management company model by the December 31 deadline, particularly concerning existing revenue-sharing agreements?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777025635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025635","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=777025635"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025635\/revisions"}],"predecessor-version":[{"id":777025641,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025635\/revisions\/777025641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25493"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777025635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}