Casino revenue forecast to rise in January

C gross gaming revenue (GGR) is expected to rise 6.6% year-over-year and 13.3% month-over-month in January, fueled by the upcoming Lunar New Year holiday, according to a forecast by Seaport Research Partners.

According to the research firm, last month’s GGR totaled approximately MOP 18.2 billion, which is about 80% of the comparable 2019 level. This represents a decline of 2% year-over-year and 1.3% month-over-month, falling short of Seaport’s early-month estimate of a 5% year-over-year increase.

“December was soft during the three weeks of the month and was negatively impacted by the three-day visit to Macau by China President Xi Jinping,” said analyst Vitaly Umansky in a Monday report. “However, the last 10 days of the month improved materially as higher spending customers began to return.”

For the first quarter of 2025, Seaport expects a rise of 4.2% from last year and 4% from the previous quarter. “The Q1 4.2% year-over-year increase is weaker than the 6.1% year-over-year in Q4 2024 as year-over-year comparisons are becoming more difficult,” the analyst noted.

Seaport’s forecast suggests continued growth in the Macau gaming industry throughout 2025, with an estimated 8% year-over-year increase. The firm believes fiscal stimulus and regulatory easing measures in China will help improve consumer and business confidence, leading to a stronger recovery in the base mass segment.

“If the Chinese economy improves more than expected and/or if base mass recovers more strongly, the year-on-year growth would be higher,” Umansky stated. Victoria Chan

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Casino revenue forecast to rise in January

Casino revenue forecast to rise in January

Casino revenue forecast to rise in January

Casino revenue forecast to rise in January

Casino revenue forecast to rise in January