Macau’s gross gaming revenue (GGR) in February amounted to MOP19.74 billion ($2.46 billion), an annual rise of 6.8 percent.
February 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 February figure amounts to an 8.16 percent increase from January’s GGR figure.
The CNY Golden Week period officially commenced on January 28th and ran until February 4th.
Analysts had predicted that February’s GGR would be ‘slightly better’ than the January results, noting the slow burn on visitation during the holiday, which peaked later than expected.
Hopes were for January’s gaming revenue to set the tone for the rest of the year, but February’s results should boost any confidence that was lacking after January’s GGR came in below expectations.
Analysts are estimating yearly GGR growth for 2025 to rest anywhere between 4 percent and 9 percent.
