Macau’s gross gaming revenue fell 12.1% year on year in June to MOP18.52 billion ($2.29 billion), with the FIFA World Cup weighing on demand. Analysts cited in the report expect the tournament’s effect to continue into early July, with a possible recovery later in the month.
The reported decline and expected early-July weakness affect operators’ near-term Macau revenue outlook.
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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.
Macau’s Gaming Inspection and Coordination Bureau reported casino gross gaming revenue of MOP22.61bn in March, up 15% year on year and 9.6% from February. First-quarter revenue reached MOP65.87bn, a 14.3% increase from the same period in 2025.
Citi’s August survey of Macau premium-mass casino tables recorded a 27% annual increase in average wagers per player. Observed wagers totalled HKD14.3m, up 7% from a year earlier, while player numbers declined.
Citigroup forecasts Macau gross gaming revenue of MOP22.5 billion in May, a 6% year-on-year increase, citing industry sources. The projection requires average daily revenue of about MOP704 million for the rest of the month; the bank points to scheduled concerts and a UFC event as possible demand drivers.