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JP Morgan raises Macau second-half gaming revenue forecast to 13% growth

Business

JP Morgan Securities Asia Pacific projected Macau gross gaming revenue would rise 13% in the second half of 2025, compared with 4% growth in the first half. The bank attributed its higher forecast to spending by high-end Chinese consumers and cited stronger gaming revenue from May through July; it also forecast EBITDA growth of 12% in Q3 and 16% in Q4.

The revised forecast offers investors and operators an updated view of expected Macau gaming demand and earnings growth.

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CBRE analyst says scale will matter as UK gambling market consolidates

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