Gaming

JP Morgan predicts stable March gross gaming revenue in Macau at us$ 2.3 B

Tuesday 11 de March 2025 / 12:00

⏱ 1 min read

(Macau).- Macau’s gross gaming revenue (GGR) for the first week of March is projected to remain stable, according to the JP Morgan Asia Pacific Equity Research Team.

JP Morgan predicts stable March gross gaming revenue in Macau at us$ 2.3 B

The daily GGR for the first nine days of March averaged MOP638 million (US$80 million) per day, totalling MOP5.75 billion, which aligns closely with last month’s average daily GGR of MOP644 million.

This consistency is attributed to strong visitor numbers during the Lunar New Year (LNY) Golden Week, where Macau welcomed 1.31 million visitors—reaching 95 per cent of pre-COVID levels, as per the Macao Government Tourism Office (MGTO).

Analysts DS Kim, Selina Li, and Mufan Shi project a flattish year-on-year GGR for March 2025 at approximately MOP19 billion, (us$ 2.3 billion) suggesting that the first quarter of the year will remain stable compared to the same period in 2024, despite challenging comparisons.

However, GGR is expected to grow by 5 per cent in the latter half of 2025, resulting in a modest 3 percent growth for the year overall.

While stock market projections for Macau’s gaming companies remain flattish, analysts note that current valuations have become “cheap enough” to attract long-term investors.

Among the gaming operators, Galaxy Entertainment Group and MGM China Holdings are highlighted as better-than-expected choices, reflecting their resilience and potential for growth.

Categoría:Gaming

Tags: Sin tags

País: Macao

Región: Asia

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