Citigroup forecast Macau gross gaming revenue of MOP20.5bn for November 2025, equivalent to about $2.55bn. It said industry checks recorded MOP6.4bn in the first nine days, and its forecast implies an average daily run rate of about MOP671m for the rest of the month.
Operators and investors can compare the forecast with reported early-month revenue and the implied pace for the rest of November.
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JP Morgan expects Macau’s gross gaming revenue to exceed MOP19.5 billion in June, based on performance during the first 22 days. It said revenue reached MOP14.8 billion in that period and would need to average MOP685 million a day over the final seven days to meet the forecast; the bank also projected 5–6% year-on-year growth in Q2 2025.
Seaport Research Partners forecasts Macau gross gaming revenue will decline 6.1% year on year in November, according to a report citing the firm. The forecast follows October revenue of MOP$21.7 billion, down 10% year on year, according to the Gaming Inspection and Coordination Bureau; Seaport also estimates fourth-quarter revenue will fall 5.2%.
Seaport Research Partners expects Macau’s gross gaming revenue to decline 6.1% year-on-year in November. A sixth consecutive month of contraction would result.
Macau casinos generated MOP21.89bn in August 2026, down 1.2% year on year, citing the Gaming Inspection and Coordination Bureau. Revenue rose 8.1% from July. Casino revenue for the first eight months reached MOP169.05bn, up 3.7% from the corresponding period in 2025.
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.