Macao casinos recorded GGR of $2.76bn in August, taking revenue for the first eight months of the year to MOP163.05bn, reportedly. Jefferies raised its 2025 forecast to MOP248bn from MOP237bn, citing the revenue performance; the year-to-date total was 7.2% above the same period in 2024.
The higher forecast gives operators and investors an updated view of expected 2025 revenue in Macao.
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JPMorgan analysts forecast Macau’s August gross gaming revenue at MOP21.9 billion to MOP22.5 billion, based on results through 24 August. They said GGR for those 24 days was MOP17.65 billion, averaging MOP735 million a day; Macau’s Gaming Inspection and Coordination Bureau reported July GGR of MOP22.12 billion.
Citigroup analysts lifted their May 2025 gross gaming revenue forecast for Macau to MOP21.25 billion, from MOP21 billion, after stronger-than-expected results in the week of 19–25 May. They attributed the performance partly to the newly opened Capella at Galaxy Macau and forecast an average MOP625 million in daily GGR for the month’s final six days.
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.
Macau’s Secretary for Economy and Finance maintained a ceiling of 50 licensed gaming promoters for 2026, with 29 promoters currently active, according to data from the Gaming Inspection and Coordination Bureau. The six casino operators retain individual partnership limits, ranging from five to 12 junkets.
Macau's six casino concessionaires signed on as limited partners in the Macau SAR Government Guidance Fund on 23 October, committing a combined MOP9bn ($1.12bn). With MOP11bn from fiscal reserves, the fund starts with about MOP20bn ($2.48bn). Commitments count toward the operators' non-gaming investment pledges under concessions running to 2032.