Casino gross gaming revenue (GGR) in Macau rose 0.8 percent year-on-year in March to nearly MOP19.66 billion (US$2.45 billion), according to data released on Tuesday by the city’s Gaming Inspection and Coordination Bureau.
The March result was down 0.4 percent compared to February’s MOP19.74 billion.
The latest monthly data took the aggregate GGR so far this year to nearly MOP57.66 billion, up 0.6 percent on the same period in 2024.
The March GGR result was 76.1 percent of the MOP25.84 billion realised in March 2019, during the trading year prior to the Covid-19 pandemic.
Brokerage JP Morgan Securities (Asia Pacific) Ltd said in a mid-March memo that it expected Macau’s GGR growth “to accelerate into the latter half” of this year, at 5 percent to 6 percent year-on-year, on “easier” comparisons in terms of the calendar, and versus anticipated zero GGR growth in the first six months of the year.
That would mean overall “a modest 3 percent growth for full-year 2025,” added the JP Morgan analysts.
