Macau's daily gross gaming revenue (GGR) has slowed following the end of the summer holiday season, according to UBS.

Macau gaming operator Sands China has maintained its leadership in the city's gaming industry, holding a 24.5 percent gross gaming revenue (GGR) market share in 2Q24.

Macau’s gross gaming revenue for July reached a total of MOP18.59 billion ($2.31 billion), up by 11.6 percent yearly and 5 percent monthly.

Macau’s gross gaming revenue (GGR) is expected to reach $29 billion this year, representing 82 percent of pre-COVID-19 levels, according to projections by Goldman Sachs.

Macau's gaming performance in June has been affected by softer seasonality and likely the football tournament in Europe, according to UBS in its latest market check memo.

Macau’s gross gaming revenue (GGR) grew by 29.7 percent year-on-year to MOP 20.19 billion ($2.51 billion) in May, marking the highest monthly total since the city’s borders reopened in January 2023.

Sands China and Galaxy Entertainment Group controlled about 41.6 percent of Macau's GGR in the first quarter of 2024, while the other four concessionaires all increased market share from the same quarter last year, say analysts.

Hong Kong may continue to serve as one of Macau’s leading source markets, despite undergoing continuous reshaping of its consumer market, with minimal impacts on GGR.

Macau’s 2024 gross gaming revenue (GGR) is likely to be up 34 percent from 2023, according to the brokerage CLSA, which says the forecast is 3.5 percent higher than its prior estimates after a positive Chinese New Year.

The deputy chairman of Ponte 16 operator Success Universe projects that Macau’s February daily gross gaming revenue (GGR) could record a post-COVID high, surpassing the highest daily GGR recorded last October.