Macau casino gross gaming revenue reached an estimated MOP14.6 billion in the first 23 days of March, Citigroup analysts said. The daily run rate for 17–23 March was MOP643 million, up 3% week on week, while the analysts kept their March 2025 forecast at MOP19.5 billion.
Operators and investors can compare the latest market estimate with Citigroup’s unchanged March forecast.
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Macau’s Gaming Inspection and Coordination Bureau reported that gross gaming revenue fell 12.1% year on year to MOP18.5 billion in June, and was down 18.1% from May. First-half revenue rose 6.8% year on year to MOP126.9 billion; the report attributed part of June’s decline to the 2026 World Cup diverting some players’ budgets from casinos.
Macao’s Public Security Police said visitor arrivals since 1 January exceeded 20 million on 20 June, with daily arrivals averaging 116,000, up more than 10% year on year. Analysts cited a 38% annual decline in premium mass-market indicators in June and linked weakness partly to the World Cup; Typhoon Mekkhala had not yet measurably affected arrivals.
Citigroup’s June survey found premium mass wagers in Macau fell 38% year on year to HK$9.8 million. The survey recorded 448 players, down 29%, and Citigroup attributed the slowdown to the World Cup and a high comparison base from a June 2025 concert; it said it expected a swift recovery after the tournament ends on 19 July.
Citigroup said Macau casino gross gaming revenue reached an estimated MOP9 billion in the first 14 days of June, while the daily average for the week ended 14 June was about MOP586 million. The bank attributed the slowdown partly to the FIFA World Cup and maintained its June revenue forecast of MOP19 billion, 10% below a year earlier.
Macau’s DICJ approved new baccarat side bets, and all six concessionaires have introduced at least one option, according to Citigroup analysts. They estimated the bets’ house advantage at 16% to 18%, compared with about 1% for Banker and Player bets, but said most players may not yet have encountered the new wagers.