Casino Gross Gaming Revenue in Macau Expands 0.8% Annualy in March, According to Official Data
Casino Gaming Revenue in Macau Trending Upward, but Growth Forecasted to Accelerate Later This Year
Hear ye, hear ye! The gaming revenues in Macau, that glitzy gambling hub, have seen a 0.8% year-on-year increase in March, gliding up to approximately MOP 19.66 billion (or around US$2.45 billion). But, it's not all roses and riches; March's numbers show a slight dip of 0.4% compared to the previous month's earnings of MOP 19.74 billion.
With these March results, Macau's total gaming revenues for the first quarter of 2025 have climbed up to nearly MOP 57.66 billion, inching forward by 0.6% compared to the same quarter in 2024. Pause a moment to compare this to the pre-pandemic times, and you'll find that the March revenue was only 76.1% of what was recorded in the same month back in 2019, diddy-dum-dum.
Now, here's a fun fact, JP Morgan Securities (Asia Pacific) Ltd., those sharp-witted financiers, have hinted in a mid-March report that they're anticipating Macau's gaming revenues to zoom off starting in the latter half of 2025. These smart cookies are predicting a year-on-year growth rate of 5% to 6%, fueled by more favorable comparisons in the second half of the year and a period of flat growth in the first half. So, what's the bottom line? These analysts envision a modest 3% growth for Macau's gaming revenues in 2025.
So, what's the booming buzz here? While the first half of the year might not break any records, there's a strong sense of anticipation that the latter part of 2025 could see a larger rebound, owing to factors like improved comparison bases and potential recoveries in gaming activity.
Oh, and here's a tidbit for the curious: as per general expectations and forecasts, Macau's GGR might see a bit of a cautious aproach this year. Seaport Global, another financial behemoth, has pulled back its GGR growth forecast for Macau to 3% for the entire year of 2025, pointing to a shakier start to this year. Furthermore, the growth acceleration in the second half, which JP Morgan is expecting, is more of a general thing tied to broader economic conditions, rather than specific projections from JP Morgan. To get info on more precise forecasts from JP Morgan, one would need to check out their specific reports or analyst notes, none of which are detailed in the provided search results.
That's a wrap! Keep your eyes peeled for updates on this plot twisting story.
- Despite the slight dip in March compared to February, the casino gaming revenue in Macau for the first quarter of 2025 has climbed up to nearly MOP 57.66 billion.
- JP Morgan Securities (Asia Pacific) Ltd. expects Macau's gaming revenues to accelerate starting in the latter half of 2025, predicting a year-on-year growth rate of 5% to 6%.
- Seaport Global has pulled back its GGR growth forecast for Macau to 3% for the entire year of 2025, citing a shakier start to the year.
- The growth acceleration in the second half, which JP Morgan is expecting, is tied to broader economic conditions, rather than specific projections from JP Morgan.
- Analysts from JP Morgan envision a modest 3% growth for Macau's gaming revenues in 2025, but specific forecasts would require checking their reports or analyst notes.
