Macau Chief Executive Sam Hou Fai warned that the city’s 2025 fiscal revenue could fall below expectations after a slow start for the gaming industry. Earlier projections put 2025 gross gaming revenue at MOP240 billion, against a 2024 budget forecast of MOP216 billion; he gave no revised revenue estimate.
Operators and investors face uncertainty over Macau’s fiscal outlook and gaming-sector performance.
The day’s most important stories, free. One email a day.
Macau’s DICJ reported casino gross gaming revenue of MOP21,680 million in October, 10.0% below October 2025. Revenue rose 20.0% from September’s MOP18,063 million, while January-to-October GGR reached MOP208,796 million, up 1.6% year on year.
Macau's casinos recorded gross gaming revenue of MOP21,680 million in October, 10.0% below the MOP24,086 million reported in October 2025, according to the monthly table published on Sunday by the Gaming Inspection and Coordination Bureau (DICJ). The month was about MOP2.4 billion short of last year's level, and in US dollar terms October's takings came to around $2.7 billion.
CreditSights said Macau could still reach the government’s MOP236 billion casino gross gaming revenue target for 2026. The analysts said the market needed an average MOP16.3 billion a month in the fourth quarter; official figures put revenue at nearly MOP187.12 billion for the first nine months, up 3.2% year on year.
Macau’s casino gross gaming revenue fell 3.8% year on year to MOP60.22 billion in the third quarter of 2026, according to figures published by the Gaming Inspection and Coordination Bureau. Mass baccarat revenue dropped 7.9% to MOP33.61 billion, while slot revenue rose 18.8% to MOP4.09 billion; the bureau’s VIP figures use a different basis from concessionaire reporting.
Macau's government announced a plan this week to raise non-gaming sectors' contribution to gross domestic product to 60% by 2030. Chief Executive Sam Hou Fai unveiled the "New Blueprint, New Journey, New Opportunities" initiative for "high-quality development".
Macau’s government projects MOP92.7 billion in taxes from public concessions in 2026, most of it from gaming concessions. The estimate is below the MOP93.3 billion forecast for 2025; the government did not issue a 2026 gross gaming revenue forecast, citing an uncertain international economic environment.