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Macao’s full-year gross gaming revenue could reach nearly US$30 billion

Brokerage CLSA has put out a new forecast based on strong visitor arrivals and greater spends from mainland Chinese punters
  • The firm also increased its forecast for 2025 and said Macao ‘remains the most alluring gaming destination’ for the mainland Chinese market

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Macao stands to generate gross gaming revenue (GGR) of 239.9 billion patacas (US$29.8 billion) in 2024, according to brokerage firm CLSA. 

It revised its estimate upwards on the back of increased visitor forecasts and a survey showing that mainland Chinese punters – Macao’s biggest market by far – intended to either maintain or even increase their gambling budgets this year.

CLSA, whose estimate was cited in gaming industry media reports, also increased its 2025 prediction to 255.2 billion patacas (US$31.7 billion).

[See more: Nearly 22 billion patacas were collected in gaming taxes in the first quarter]

Analysts at the brokerage said “Macau remains the most alluring gaming destination for Chinese due to its close proximity to China in every aspect” and noted that “Premium players are still showing up in Macau.”

The same analysts said that concessionaire Galaxy is likely to gain market share, reaching 18.2 percent in the last quarter of the year from 17.4 percent at present. Conversely, MGM is expected to see its market share decline from 17.2 percent to 15.1 percent.

The 2024 GGR forecast from the local government is a conservative 216 billion patacas, or an 18 percent increase over the figure for 2023. 

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