Macau’s gross gaming revenue (GGR) amounted to MOP18.3 billion ($2.27 billion) in September, marking a 6 percent increase compared to the same month last year.
However, data released by the Gaming Inspection and Coordination Bureau (DICJ) showed the figure represented a 17.5 percent decline from August, when GGR reached MOP22.16 billion ($2.77 billion) — the highest monthly total of 2025 so far.
Casino operations in September were also disrupted by two typhoons: Tapah at the beginning of the month and Super Typhoon Ragasa at the end, which together led to a government-mandated closure of casinos for 33 hours.
For the first nine months of 2025, Macau’s casino GGR stood at MOP181.3 billion ($22.5 billion), up 7.1 percent year-on-year but still 17.7 percent lower than the same period in 2019, when it was MOP220.2 billion ($27.4 billion).
Analysts had anticipated slower momentum in September, a traditionally weak period between the summer holiday season and the National Day Golden Week, which runs from October 1st to 8th. Citigroup had initially projected September GGR at MOP19.5 billion ($2.42 billion), representing 12 percent year-on-year growth. HSBC estimated between MOP18.4 billion ($2.28 billion) and MOP19.4 billion ($2.4 billion), reflecting a 7 to 12 percent increase.
Looking ahead, Citigroup noted that Macau casino operators are strategically organizing major entertainment events after the National Day Golden Week to sustain and boost GGR momentum.
