Macao’s casino industry generated a gross gaming revenue (GGR) of 22.15 billion patacas (US$2.76 billion) in August, according to the latest figures from the Gaming Inspection and Coordination Bureau.
Last month’s GGR represents an increase of 12.2 percent in comparison to the 19.75 billion patacas (US$2.45 billion) recorded in August 2024, and a rise of 0.13 percent against the 22.12 billion patacas (US$2.75 billion) in July 2025.
The growth in August’s GGR is unsurprising, as the Macao Government Tourism Office (MGTO) forecast a tourism peak for that month, with hotel occupancy rates reaching as high as 90 percent.
However, the city’s casino revenue can be expected to dip in September, as it is traditionally an off-peak season for the tourism sector.
[See more: Morgan Stanley tips 15 percent GGR growth as dividends return]
Overall, gambling revenue in August surpassed the Macao government’s projected GGR of 19 billion patacas (US$27.36 billion) per month.
Initially, the figure had been set at 20 billion patacas (US$2.4 billion) per month, or 240 billion patacas (US$28.8 billion) for the whole of 2025. In light of earlier lower-than-expected casino revenues, this forecast was later revised to 19 billion patacas (US$27.36 billion) per month, or 228 billion patacas for the entire year.
During the past eight months, the local gaming industry has recorded a GGR of 163.05 billion patacas (US$20.36 billion), a figure that averages to 20.38 billion patacas (US$2.54 billion) per month.
For the final six months of this year, Morgan Stanley expects Macao’s GGR to grow by 15 percent year-on-year due to the “busier than usual” business at local casinos, and the reissuing of dividends by various local casino operators – a sign of confidence in the sector.
