Macau’s revenue forecast on course to reach initial government prediction
Strong October prompts optimism despite September’s typhoon
Revised forecasts for Macau’s 2025 gaming revenues are currently ahead of the government’s revised 2025 prediction of MOP$228bn (US$28.4bn) and are, according to CreditSights, back on course to reach the initial forecast of MOP$240bn (US$29.9bn).
CreditSights said that despite the effects of Super Typhoon Ragasa resulting in a subdued September, revenues for the first nine months of 2025 were still up seven per cent year-on-year to MOP$181.3bn (US$22.6bn), meaning they have reached around 80 per cent of the current forecast, with October results expected to be strong.
CreditSights said: “We expect the strong visitations witnessed during the recent Golden Week holiday to support a better GGR performance in October. We see Macau in a decent position to achieve its 2025 GGR target, with only a monthly average GGR of MOP$15.6bn (US$1.95bn) needed vs year-to-date monthly average of MOP$20.1bn (US$2.51bn) for the fourth quarter. Should the current pace of monthly GGR churn be sustained, it would also put the government’s previous GGR target of MOP$240bn within reach.”
CreditSights said that over GoldenWeek, visitation came in at 1.14m with average daily visitation of 143,000 better than in 2024 and 2019.
