Analysts predicts Macao's gaming revenue growth in 2025 with a stronger second half
Tuesday 04 de March 2025 / 12:00
⏱ 1 min read
(Macao).- While Seaport Research Partners believes 2025 will see gross gaming revenue increase by 6.5 percent year-on-year, JP Morgan has forecast a more modest 2 or 3 percent. In any case, both think the second half of the year will see a stronger performance from Macao’s casinos.
“Growth should be driven by increase in marketing efforts by operators and improving consumer sentiment in China", said Seaport analyst Vitaly Umansky. And he added that he expected the upcoming double-gathering of political elites and policymakers – known as the “two sessions” – to result in “more of a pro-growth stance than was the case over the last two years.”
“While we do not expect any ‘helicopter money’ to consumers that would fuel higher spend, further stimulus will come from government spending and policies that could drive higher consumer spend and private business activity,” he noted.
The forecast follows February’s promising rise in GGR, which went up by around 8 percent month-on-month and by 6.8 percent year-on-year. That in turn followed a disappointing haul in January, which saw a year-on-year tumble.
Meanwhile, JP Morgan Securities analysts said February’s result “makes us feel pretty comfortable” that full-year GGR would hit between 2 and 3 percent growth when compared with 2024 – a range significantly less than what Seaport predicted. They agreed that GGR would be higher later in the year.
Macao’s casinos generated 226.8 billion patacas (US$28.1 billion) of GGR in 2024, a 23.9 percent increase against the previous year. The government has forecast GGR of 240 billion patacas (US$29.9 billion) for 2025, representing annual growth of 5.8 percent.
Categoría:Analysis
Tags: Sin tags
País: Macao
Región: Asia
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
