Fitch forecasts Macau GDP growth of 6.9% in 2025, with mass gaming leading recovery
Fitch forecasts Macau’s GDP will grow 6.9% in 2025, down from 8.8% in 2024, and expects mass-market gaming to drive the recovery. It said 2024 mass-market gross gaming revenue exceeded its 2019 level, while total gaming revenue reached MOP227 billion; Fitch affirmed Macau’s ‘AA’ rating with a stable outlook.
The forecast links Macau’s economic outlook to slower gaming tourism recovery and continued strength in mass-market revenue.