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Macau GGR up 0.8% year-on-year to MOP$19.7 billion in March

Ben Blaschke by Ben Blaschke
Tue 1 Apr 2025 at 12:53
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Macau’s gross gaming revenue reached MOP$19.66 billion (US$2.45 billion) in March, up 0.8% year-on-year although slightly down compared to February.

According to information from the Gaming Inspection and Coordination Bureau (DICJ), the March figure was the second highest of the year ahead of January’s GGR of MOP$18.25 billion (US$2.28 billion) but behind February’s MOP$19.75 billion (US$2.46 billion).

For the first three months of 2025 combined, Macau GGR was MOP$57.7 billion (US$7.19 billion), up 0.6% compared with the same period last year.

The March result comes with analysts estimating only minimal growth during the first half of 2025 on tough comps before accelerating during the second half of the year. Early forecasts suggest FY25 gaming revenues will climb by between 3% and 5% year-on-year.

In a recent note, financial research group CreditSights said monthly GGR appears to have normalized post-COVID in a trend that is now expected to continue for the remainder of 2025.

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Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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