Two investment firms are forecasting a 13 percent or higher year-on-year increase in Macao’s gross gaming revenue (GGR) for September, following August’s GGR rise of 12.2 percent, casino industry news outlet GGR Asia reports.
Deutsche Bank Securities projected September GGR at US$2.45 billion (up 13.6 percent year-on-year). Analyst Steve Pizzella said the estimate was conservative, and noted that September has historically seen a slight month-on-month decline relative to August.
Seaport Research Partners, meanwhile, forecast a 13 percent GGR increase for September, noting potential downside risks from typhoons.
[See more: Analysts forecast a second-half surge in Macao’s gross gaming revenue]
Senior analyst Vitaly Umansky noted that growth in the second half of 2025 was expected to be driven by increased marketing, robust visa issuance and continued ease of money outflows, GGR Asia said. He added that potential improvements in consumer confidence in China – supported by a US-China trade deal – could further boost spending and mass-market recovery.
Seaport has forecast GGR growth of 13.5 percent for the second half of 2025, contrasting with 4.4 percent in the first six months of the year.
August recorded Macao’s best monthly post-Covid-19 GGR performance yet, at 22.15 billion patacas (US$2.76 billion). The figure represented the city’s third consecutive month of double-digit year-on-year growth – welcomed after the year’s sluggish start.
