Macau records 14.9% rise in November gambling revenues
Macau, an autonomous region on the south coast of China where casino gaming is lawful, reported its gambling revenues for November, highlighting a rise of 14.9%, which equals...
Macau expects to generate $29.7B GGR in 2025
Macau, an autonomous region on the south coast of China where casino gaming is lawful, forecasts to generate a GGR of MOP240 billion ($29.7 billion) in 2025.
The Macau government has introduced its 2025 Fiscal Year Budget Proposal, focusing on growth numbers in gaming and tourism markets. These numbers serve as a key component for planning the total fiscal budget, which includes not only GGR revenues. The country expects to hit MOP121.09 billion, which equals $15 billion.
In 2024, Macau’s casino GGR reached MOP190.1 billion, which equals $23.7 billion. This is an increase of 28.1% when compared to the previous year. However, despite the growth, it remains lower by 23% when compared to the pre-pandemic revenues of 2019.
Bank of America’s forecasts for Macau
In October, Bank of America raised its 2024 GGR forecast to MOP227 billion ($28.1 billion) based on strong performance in Macau’s third quarter and during Golden Week. For 2025, Bank of America estimates GGR at MOP230 billion ($28.5 billion), reflecting continued growth and potential impacts from stricter controls on illegal currency exchange activities. Although lower than the government’s forecast, these revised estimations show confidence in Macau’s continued recovery.
FAQs
Is gambling legal in Macau?
Macau is the only place in China where gambling is legal.
What is the legal gambling age in Macau?
The legal gambling age in Macau is 21.
Macau reports declines in per-person gaming spendings
Macau, an autonomous region on the south coast of China where casino gaming is lawful, saw declines in visitors's gaming spending per person.Total spending by tourists...
