{"id":777030394,"date":"2025-08-15T07:55:40","date_gmt":"2025-08-15T10:55:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777030394"},"modified":"2026-04-21T20:05:24","modified_gmt":"2026-04-21T23:05:24","slug":"jp-morgan-raises-macau-ggr-forecast-for-h2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jp-morgan-raises-macau-ggr-forecast-for-h2","title":{"rendered":"JP Morgan raises Macau GGR forecast for H2"},"content":{"rendered":"\n

GGR could be up 13 per cent in the second half of 2025.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at JP Morgan Securities (Asia Pacific)<\/strong> have predicted that Macau\u2019s gross gaming revenue (GGR) could grow 13 per cent year-on-year in the second half of 2025<\/strong>. That would represents an increase from the 4 per cent growth recorded in H1 2025. It’s the third time in three months that the firm had upgraded its forecast for Macau’s gaming industry<\/a>.<\/p>\n\n\n\n

According to analysts DS Kim<\/strong> and Selina Li<\/strong> said: \u201cWe have seen similar green-shoots emerging recently across HK retail, Swiss watch exports, and mainland luxury malls,\u201d the two analysts wrote, suggesting that affluent consumers appeared to have started spending again. The Chinese yuan’s currency advantage was also cited as a contributing factor along with high-profile concerts and events.<\/p>\n\n\n\n

The report highlights that mass and slot play remains the primary growth driver, accounting for over 80 per cent of sequential GGR gains Q2. The bank forecasts 12 per cent EBITDA growth<\/strong> in the third quarter and 16 per cent in the fourth quarter.<\/p>\n\n\n\n

Last month, Seaport Research Partners<\/strong>\u00a0forecast that Macau\u2019s gross gaming revenue (GGR) could rise by 9 per cent year-on-year<\/a> in the second half. Macau GGR grew by 4.4 per cent year-on-year to MOP118.8bn (US$14.7bn) in the\u00a0first half of 2025<\/a>. <\/p>\n\n\n\n


<\/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> Seaport raises Macau GGR forecast for second half of 2025<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

GGR could be up 13 per cent in the second half of 2025.<\/p>\n","protected":false},"author":226,"featured_media":777030397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan Securities (Asia Pacific) has upgraded its Macau GGR forecast for the second half of 2025 to 13% year-on-year growth, citing renewed spending by affluent consumers, the Chinese yuan's advantage, and high-profile events. Mass and slot play remain the primary growth drivers, contributing over 80% of sequential GGR gains in Q2, with the bank also projecting significant EBITDA growth for Q3 and Q4. This follows a similar positive forecast from Seaport Research Partners.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Selina Li, Seaport Research Partners","focusai_location":"Macau, Hong Kong, Switzerland, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Drivers","query":"What specific operational or marketing strategies are Macau operators implementing to capitalize on the identified growth drivers of mass and slot play, affluent consumer spending, and high-profile events?"},{"label":"Forecast Discrepancy Analysis","query":"How do JP Morgan's and Seaport Research Partners' GGR growth forecasts for H2 2025 differ, and what are the key assumptions or methodologies contributing to these variations?"}],"footnotes":""},"categories":[16338,163],"tags":[12436,24619,24864,257],"class_list":["post-777030394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casinos","tag-finance","tag-jp-morgan","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030394","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777030394"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030394\/revisions"}],"predecessor-version":[{"id":777030423,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030394\/revisions\/777030423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777030397"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777030394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777030394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777030394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}