Market-wide casino gross gaming revenue (GGR) in Macau reached MOP14.6 billion ($1.8b nillion) in the first 23 days of March, according to estimates from Citigroup.

Investor sentiment toward Macau's gaming sector remains subdued, with JP Morgan noting that stable but unremarkable GGR may not be enough to improve the market outlook in the near term.

Following a weaker-than-expected February performance, Deutsche Bank forecasts that Macau’s gross gaming revenue (GGR) will grow by 3.4 percent year-on-year in March, reaching $2.52 billion.

Macau’s gross gaming revenue in February amounted to $2.46 billion, an annual rise of 6.8 percent.

Macau has made its choice, go non-gaming and go hard. The proof is in the pudding, with increased costs to compensate for gaming revenues that can’t quite top pre-pandemic values. And the consumer profile is shifting, leading to a new focus for gaming operators. Meanwhile, a new focus is what Hong Kong is going for - this time centered on the basketball hoop. If intentions can pan through, a new sports betting option may be on the table. And in the Philippines, there are high hopes for GGR this year, with expectations of yearly growth up to 17 percent, according to PAGCOR.

Macau’s gaming sector experienced a 26 percent year-on-year decline in average gross gaming revenue (GGR) per visitor in January 2024, notes CreditSights.

Recent industry checks have confirmed that Macau's gross gaming revenue (GGR) performance in February has profited from a prolonged visitation tail following Chinese New Year (CNY).

Year of the Snake off to a bad start. Macau's gaming performance in January and during the Chinese New Year period was lower than usual, with Citigroup believing last-minute trip cancellations and U.S. tariffs on China were a factor for the downturn. Meanwhile, a Thai opposition party is set to file a no-confidence motion against the government on February 27th vowing to target the administration’s entertainment complex policy. For the Thai Sang Thai Party, the bill is a disguised effort to legalize casinos under the guise of economic development.

Macau’s gaming performance in January and during the Chinese New Year period falls short of expectations, and investment bank Citigroup believes the trend may only start to improve by mid-2025.

Despite the slow Chinese New Year period, Seaport Research Partners maintains its prediction for Macau 2025 gross gaming revenue (GGR) growth at ‘nearly 7 percent […] with upside surprise possible on a turnaround in the Chinese economy and consumer sentiment’.