Analysts predicts Macao's gaming revenue growth in 2025 with a stronger second half
Tuesday 04 de March 2025 / 12:00
2 minutos de lectura
(Macao).- While Seaport Research Partners believes 2025 will see gross gaming revenue increase by 6.5 percent year-on-year, JP Morgan has forecast a more modest 2 or 3 percent. In any case, both think the second half of the year will see a stronger performance from Macao’s casinos.
“Growth should be driven by increase in marketing efforts by operators and improving consumer sentiment in China", said Seaport analyst Vitaly Umansky. And he added that he expected the upcoming double-gathering of political elites and policymakers – known as the “two sessions” – to result in “more of a pro-growth stance than was the case over the last two years.”
“While we do not expect any ‘helicopter money’ to consumers that would fuel higher spend, further stimulus will come from government spending and policies that could drive higher consumer spend and private business activity,” he noted.
The forecast follows February’s promising rise in GGR, which went up by around 8 percent month-on-month and by 6.8 percent year-on-year. That in turn followed a disappointing haul in January, which saw a year-on-year tumble.
Meanwhile, JP Morgan Securities analysts said February’s result “makes us feel pretty comfortable” that full-year GGR would hit between 2 and 3 percent growth when compared with 2024 – a range significantly less than what Seaport predicted. They agreed that GGR would be higher later in the year.
Macao’s casinos generated 226.8 billion patacas (US$28.1 billion) of GGR in 2024, a 23.9 percent increase against the previous year. The government has forecast GGR of 240 billion patacas (US$29.9 billion) for 2025, representing annual growth of 5.8 percent.
Categoría:Analysis
Tags: Sin tags
País: Macao
Región: Asia
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