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HomeNewsMacauMacau January GGR totals $2.27B, down by 5.6% yearly

Macau January GGR totals $2.27B, down by 5.6% yearly

Macau’s gross gaming revenue in January amounted to MOP18.25 billion ($2.27 billion), an annual drop of 5.6 percent.

January was largely expected to see an uptick, due to the Chinese New Year holiday falling partially within the month, prompting strong visitation and expectations for increased gaming and non-gaming spend.

The January figure amounts to a 0.3 percent rise from December’s GGR figure. It also marks the first full month of GGR results under Macau’s new leadership, which changed hands on December 20th, and includes part of the Chinese New Year takings.

The CNY Golden Week period officially commenced on January 28th and runs until February 4th, with an expected 5 million border crossings during the period. However, typically visitation peaks in the later days of the holiday.

Macau’s primary market is mainland China.

Analysts at Citigroup had previously expected January’s GGR to reach some MOP17.5 billion ($2.2 billion), about 70 percent of the level recorded in January 2019, mostly influenced by seasonal factors. Analysts at Morgan Stanley had a more optimistic outlook of MOP18.8 billion ($2.3 billion) – 75 percent of 2019 levels.

This comes after December 2024’s GGR came in at MOP18.2 billion ($2.27 billion) -according to the Macau gaming watchdog’s data – down by 2 percent year-on-year.

Hopes were for January’s gaming revenue to set the tone for the rest of the year.

Analysts are estimating yearly GGR growth for 2025 to rest anywhere between 4 percent and 9 percent – although depending on the January results, estimates could be recalibrated.

Kelsey Wilhelm
Kelsey Wilhelmhttps://agbrief.com
Kelsey Wilhelm is a broadcast, print journalist and editor based in Asia for over 15 years. Focused on content creation, management, cross-cultural exchange and interviews for multi-lingual productions. Writing focus on gaming, business, politics, culture and heritage, events and celebrities, subcultures, music, film, art and fashion. Some of Kelsey's specialties are: editing, writing, copy creation, multi-lingual content production, cross-cultural exchange, content creation and management for Asian markets.

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