Macau’s gross gaming revenue (GGR) in April totaled MOP19.89 billion ($2.47 billion), representing an increase of 5.5 percent year-on-year, according to data released by the Gaming Inspection and Coordination Bureau (DICJ).
The figure came in below expectations, as Vitaly Umansky of Seaport Research Partners had projected around 12 percent year-on-year growth.
The April figure represents a 12 percent decline from March’s GGR, which stood at MOP20.61 billion ($2.56 billion).
The early timing of the Easter and Ching Ming holiday periods helped support visitation during the first part of the month. During the extended holiday period from April 3rd to 7th, Macau recorded 665,918 inbound visitor arrivals, averaging around 133,000 per day.
This year, the Easter and Ching Ming holidays overlapped to create a five-day break when combined with the weekend. However, Easter is not observed as a public holiday in mainland China, where only the three-day Ching Ming Festival from April 4th to 6th is recognized.
For the first four months of 2026, Macau’s casino GGR reached MOP85.78 billion ($10.63 billion), up 12.1 percent year-on-year. However, the figure remains 14 percent below the same period in 2019, when GGR totaled MOP99.74 billion ($12.4 billion).
Referring to his earlier projection, Umansky said May GGR growth could moderate to around 8.2 percent. He added that the second half of the year will face more challenging year-on-year comparisons, with growth likely to slow unless demand picks up or liquidity conditions improve.
For full-year 2026, Seaport forecasts GGR growth of 7 percent, with the first half rising 9.8 percent before easing to 4.4 percent in the second half.
