Macau’s gross gaming revenue (GGR) in January reached MOP22.63 billion ($2.79 billion), the highest January total since 2019, representing a robust 24 percent increase year-on-year.
January results marked a solid start to the year, with early market indicators pointing to continued growth that remains ahead of pre-pandemic seasonality. Momentum is expected to strengthen further as the Chinese New Year holiday approaches, which is widely anticipated to drive higher visitation as well as increased gaming and non-gaming spending.
On a month-on-month basis, January GGR rose 8.4 percent from December. The acceleration reflects stronger seasonality, as December is typically a festive period driven by public holidays such as Christmas.
In December alone, Macau recorded GGR of MOP20.89 billion ($2.61 billion), up 14.8 percent year-on-year. The result marked the strongest December performance since the COVID-19 pandemic, supported by robust holiday-driven demand.
For the full year of 2025, Macau’s GGR reached MOP247.40 billion ($30.9 billion), representing a 9.1 percent year-on-year increase.
This year, the Chinese New Year falls on February 17th, with the period from February 15th to 23rd widely viewed as the Chinese New Year Golden Week.
