Macau’s gross gaming revenue (GGR) for November rose to MOP21.09 billion ($2.64 billion), marking a 14.4 percent year-on-year increase.
The growth reflects strong demand from gamblers following the October Golden Week surge, supported by non-gaming initiatives introduced by casino operators that helped draw visitors to the city.
On a month-to-month basis, the MSAR GGR fell 12.4 percent, as November is not a holiday period, while October delivered the strongest results since COVID-19.
November is generally the quietest month of the fourth quarter. Midway through the month, investment bank Citigroup reported a mild moderation in GGR, noting that hotel rooms were temporarily occupied by National Games athletes. Macau was one of the host cities for the event, held from November 9th to 21st. This arrangement briefly shortened the average length of stay — and play — among gaming patrons, contributing to a modest dip in activity.
For the first eleven months of 2025, cumulative GGR reached MOP226.52 billion ($28.32 billion), up 8.6 percent year-on-year. Notably, Macau’s GGR has almost met the government’s full-year target of MOP228 billion ($28.5 billion) with one month remaining.
However, the total remains 16 percent below the same period in 2019, when GGR amounted to MOP269.62 billion ($33.70 billion).
