JP Morgan Ups Macau Gaming Forecast Following Demand Boom
Wednesday 13 de August 2025 / 12:00
2 minutos de lectura
(Macau).- Global investment firm JP Morgan has once again revised its outlook for Macau’s gaming industry, marking the third upward adjustment in just three months. The bank now anticipates a 13% year-on-year increase in gross gaming revenue (GGR) for the second half of 2025—significantly higher than the 4% growth recorded in the first half. The updated projection includes a 12% rise in Q3, accelerating to 16% in the final quarter, reflecting a robust surge in market demand.
JP Morgan’s latest upgrade follows three consecutive months of comfortable consensus beats, with both June and July seeing GGR up by 19% compared with the same month last year.
The sudden surge from Macau’s gaming sector is, according to JP Morgan analysts, is likely due to consumers viewing positively recent stock rallies in China, Hong Kong and the US, as evidenced by similar surges in Hong Kong retail Swiss watch exports and mainland luxury malls. It is also attributed to easier access to Hong Kong dollars on the bank of Hong Kong’s recent liquidity boom – itself evidence by “huge IPO oversubscriptions and plunging HIBOR”.
Likewise, “high-profile concerts and events provide gamblers a compelling excuse for more frequent trips, boosting Macau’s allure and capturing greater wallet/time share from gamblers and families,” the investment bank explained.
It also downplayed concerns that the surge is unsustainable, arguing that “Macau’s up-cycles typically span at least three to four quarters, fueled by loss/win-chasing behavior – gamblers’ losses spur “revenge” returns, while wins tempt repeat visits, creating a self-reinforcing demand loop.
“With 2Q25 marking the first stand-out beat post-reopening, we believe Macau’s momentum has (long) legs through 1Q26E at least, capitalizing on easy comps.”
Macau GGR for the first seven months of 2025 combined sits at MOP$140.9 billion (US$17.4 billion), representing a 6.5% year-on-year increase.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
ICE Barcelona 2026
19 de January 2026
Luz Beatriz Jaramillo Serna of 21Viral: “Our presence at ICE Barcelona 2026 was exceptionally positive”
(Barcelona, SoloAzar Exclusive).- Following her participation at ICE Barcelona 2026, Luz Beatriz Jaramillo Serna, Head of Business Development, Marketing and Sales for Latin America at 21Viral, analyzes the commercial impact of the event, the trends set to shape the industry’s direction, and the company’s strategic priorities to consolidate growth across the region and new regulated markets.
Monday 16 Feb 2026 / 12:00
Toni Karapetrov from Habanero on ICE Barcelona 2026: Regulated Growth, Localization and Strategic Expansion Drive 2026 iGaming Strategy
(Barcelona, Exclusive SoloAzar).- In this interview, Toni Karapetrov, Head of Corporate Communications at Habanero, shares insights from ICE Barcelona 2026, highlighting premium content innovation, high-level industry engagement, key iGaming trends such as localization and gamification, and the company’s strategic focus on regulated market expansion and sustainable growth in 2026.
Friday 13 Feb 2026 / 12:00
Martin Ivanov, COO of CT Interactive: “We plan to consolidate our presence in regulated markets across Europe and LATAM while actively expanding into Africa"
(Barcelona, SoloAzar Exclusive).- In this interview with SoloAzar following ICE Barcelona 2026, Martin Ivanov shares key insights on CT Interactive’s commercial achievements, emerging industry trends, expansion across Africa and regulated markets, and the company’s strategic priorities for 2026.
Monday 16 Feb 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.