{"id":777034562,"date":"2025-11-13T09:16:07","date_gmt":"2025-11-13T12:16:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777034562"},"modified":"2026-04-21T17:07:37","modified_gmt":"2026-04-21T20:07:37","slug":"jefferies-lifts-growth-forecast-for-macaus-casino-sector","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jefferies-lifts-growth-forecast-for-macaus-casino-sector","title":{"rendered":"Jefferies lifts growth forecast for Macau\u2019s casino sector"},"content":{"rendered":"\n

Jefferies sees GGR climbing 13 per cent in Q4 and nearing US$30.7bn for the year.<\/p>\n\n\n\n\n\n\n\n

Macau.- Investment bank Jefferies <\/strong>has raised its expectations for Macau\u2019s casino sector, projecting full-year 2025 gross gaming revenue (GGR) of MOP$246bn (US$30.7bn) amid a robust recovery across premium and VIP segments.<\/p>\n\n\n\n

In a note issued today, Jefferies analysts Anne Ling and Jingjue Pei<\/strong> said they expect fourth-quarter GGR to rise 13 per cent year-on-year to MOP$67.9bn (US$8.4bn)<\/strong>, nearly double their previous growth forecast of 6.6 per cent. The revision comes after October\u2019s GGR reaching MOP$24.09bn (US$3.01bn), the best result since 2019<\/a>. Average daily revenue in early November was up 16 per cent year-on-year.<\/p>\n\n\n\n

The analysts cited wealth creation<\/strong> in regional markets as a key driver. pointing to gains in the A-share and Hang Seng Index, stronger private equity investment and a wave of new IPOs supporting GGR growth, especially on premium and VIP segments. The firm also credited entertainment events and casino incentives <\/strong>for sustaining player engagement.<\/p>\n\n\n\n

Jefferies expects Sands China and Galaxy Entertainment<\/strong> to expand their market shares in Q4, supported by new facilities and high-end offerings. Sands\u2019 share could rise to 25 per cent, while Galaxy\u2019s may reach 22.3 per cent, the analysts estimated.<\/p>\n\n\n\n

Meanwhile, SJM Holdings<\/strong> is likely to face short-term challenges as it closes satellite casinos. Despite this, Jefferies said SJM remains \u201cconfident\u201d of retaining most of the approximately 5 per cent market share previously held by the satellite segment, although some temporary dilution of around 1 per cent is expected during the transition.<\/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 gaming tax revenue rises 6.1%<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Jefferies sees GGR climbing 13 per cent in Q4 and nearing US$30.7bn for the year.<\/p>\n","protected":false},"author":680,"featured_media":25557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Jefferies has significantly upgraded its Macau GGR forecasts for Q4 and full-year 2025, projecting a 13% year-on-year increase for Q4 and US$30.7bn for 2025. This revision is attributed to robust recovery in premium and VIP segments, driven by regional wealth creation and sustained player engagement through entertainment events. Sands China and Galaxy Entertainment are expected to gain market share, while SJM Holdings navigates challenges from satellite casino closures.","focusai_entities":"Jefferies, Anne Ling, Jingjue Pei, Sands China, Galaxy Entertainment, SJM Holdings","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Growth Catalysts?","query":"Beyond the cited A-share and Hang Seng Index gains, what specific capital market and regional wealth creation trends are Jefferies' analysts identifying as the primary catalysts for the accelerated premium and VIP GGR growth in Macau?"},{"label":"Concessionaire Strategy Impact?","query":"How do the projected market share shifts for Sands China, Galaxy Entertainment, and SJM Holdings reflect their respective capital expenditure cycles, asset utilization strategies, and ability to capture high-value player segments post-concession renewal?"}],"footnotes":""},"categories":[16338,163,24628,158],"tags":[24944,24891,257,23906],"class_list":["post-777034562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-highlight-of-the-week","category-slider-home","tag-forecast","tag-jefferies","tag-macau","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034562","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\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777034562"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034562\/revisions"}],"predecessor-version":[{"id":777034590,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777034562\/revisions\/777034590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25557"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777034562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777034562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777034562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}