Macau’s casino gross gaming revenue (GGR) is forecast to rise 12 percent year-on-year to MOP20.5 billion ($2.55 billion) in September, despite a seasonally softer start to the month ahead of China’s National Day Golden Week, according to Citigroup.
The brokerage estimated that GGR reached about MOP3.8 billion ($473 million) during the first six days of September, equivalent to an average daily run rate of approximately MOP633 million ($78.8 million).
The daily figure was about 10 percent below August’s average of MOP706 million ($87.9 million), but remained 4 percent higher than the MOP610 million ($76 million) recorded per day in September 2025.
Citigroup attributed the sequential slowdown to September traditionally being a shoulder month before the National Day holiday period in early October.
Based on industry sources, VIP gaming volume fell between 8 percent and 10 percent from August, while mass-market GGR declined by between 10 percent and 12 percent. The VIP hold rate was described as largely normal.
Despite the early-month slowdown, the brokerage maintained its September GGR forecast, citing Macau’s upcoming concert and event calendar.
The schedule includes performances by BABYMONSTER at The Venetian Arena, Super Junior-83z at Studio City Event Center and TWS at The Londoner Arena, alongside the World Table Tennis Champions Macao 2026 event sponsored by Galaxy Macau.
Macau’s casino GGR reached MOP21.89 billion ($2.72 billion) in August, down 1.2 percent year-on-year but 8.1 percent higher than in July.
