Analysts DS Kim, Selina Li and Lindsey Qian<\/strong> said in a memo that it was the \u201cbest Golden Week print in five-plus years.\u201d Their full-month forecast remains unchanged for now at between 11 and 13 per cent growth year-over-year to a six-year high of MOP$23bn (US$2.87bn).<\/p>\n\n\n\n \u201cWe continue to expect the second week\u2019s GGR to grow mid-to-high-teens year-on-year to around MOP$750m (US$94m) per day, implying circa 30 per cent week-on-week decline versus last year\u2019s circa 40 per cent week-on-week decline,” they wrote.<\/p>\n\n\n\n The Public Security Police Force (CPSP) reported that Macau received more than 790,000 visitor arrivals<\/a> during the first five days of the October Golden Week, which runs from October 1 to 8. <\/p>\n\n\n\n Citigroup’s latest survey<\/strong> reported an average wager per premium mass player<\/strong> of HK$28,466 (US$3,660), similar to figures recorded in May\u2019s Golden Week and the same holiday period in 2024. Analysts reported 60 whales for this month so far, wagering an average of HK$176,600 (US$22,690), up 6 per cent year-over-year.<\/p>\n\n\n\n Seaport Research Partners<\/strong> has also forecast that GGR could rise by 13 per cent year-on-year in October<\/a>. Analyst Vitaly Umansky<\/strong> said October would contributed to growth of 12.4 per cent in the last quarter<\/a>. He forecasts total 2025 GGR growth of 8.4 per cent<\/strong> year-on-year.<\/p>\n\n\n\n The Gaming Inspection and Coordination Bureau (DICJ)<\/strong> reported that Macau\u2019s gross gaming revenue (GGR) was MOP18.3bn (US$2.27bn) in September<\/a>, up 6 per cent in year-on-year terms, but 17.5 per cent behind August, when GGR reached MOP22.16bn (US$2.77bn), the highest monthly total<\/a> of 2025 so far. Casino operations in September were disrupted by Super Typhoon Ragasa<\/a>, which led to a government-mandated closure of casinos for 33 hours.
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