According to analysts, Macau saw “healthy” visitor volume at the start of the year, but gaming revenue has been lower than expected. The firm attributed this to more visitors coming from the regular mass market instead of high-end and VIP customers, as well as an increase in non-gaming visitors.<\/p>\n\n\n\n
In May, GGR was\u00a0MOP21.19bn (US$2.62bn). That\u2019s an increase of 1.7 per cent\u00a0from\u00a0May 2024<\/a> and 12.4\u00a0month-on-month<\/a>. It was the city\u2019s best monthly performance post-Covid-19. Cumulatively,\u00a0Macau\u2019s GGR for the first five months of 2025\u00a0was MOP97.7bn (US$12.1bn), up 1.7 per cent year-on-year. The figure was 77 per cent of the same period of 2019 (MOP125.6bn) (US$5.5bn).<\/p>\n\n\n\n Seaport Research Partners has forecast that Macau\u2019s GGR could fall by 13.7 per cent sequentially in June. That would be slightly worse than the average historical monthly decline. Analysts expect the figure to be up by 3.4 per cent\u00a0year-on-year<\/a> but note that the UEFA Euro Cup could have had a negative impact on GGR during June last year.<\/p>\n\n\n\n Vitaly Umansky\u00a0said that although GGR has seen improvements in previous months, it relies on a rebound in consumer confidence in China and the base mass segment. Umansky noted that there will be several large concerts in June and the first two days of the month saw the Dragon Boat Festival Holiday.<\/p>\n\n\n\n Umansky added that while the current estimate is conservative, GGR might drop if the typhoon season disrupts travel to Macau. Seaport expects GGR to grow by 4 per cent in 2025, with the second half of the year likely to outperform the first. Growth is expected to be driven by increased marketing from casino operators and improvements in consumer sentiment, prompted by government stimulus in China.<\/p>\n\n\nSeaport Research Partners predicts dip in Macau GGR for June<\/h2>\n\n\n\n
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