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JP Morgan: Headline concert, Dragon Boat festival drive healthy Macau GGR momentum through first eight days of June

Newsdesk by Newsdesk
Mon 9 Jun 2025 at 18:16
Macau GGR hits MOP$19.8 billion in August, up 6% month-on-month
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Macau’s gross gaming revenue is estimated to have reached MOP$5.2 billion (US$643 million) or MOP$650 million (US$80.4 million) per day through the first eight days of June – lower than May’s daily average of MOP$684 million (US$84.6 million) but still “very healthy for shoulder months such as June”, according to investment bank JP Morgan.

In a Monday note, JP Morgan analysts DS Kim and Selina Li said the solid start to the month was seemingly helped by a series of concerts from K-pop star G-Dragon at Galaxy Arena as well as the recent Dragon Boat festival.

This means, that, assuming gaming revenues modify for the remainder of the month to as low as MOP$600 million (US$74.2 million) per day, June should see a year-on-year rise of between 4% and 7% – driving Q2 GGR to grow 3% to 4% year-on-year and 1% to 2% quarter-on-quarter.

Such a result would make Q2 be the first “non-miss” quarter in quite some time, the analysts explained.

Macau’s casinos most recently recorded GGR of MOP$21.19 billion (US$2.62 billion) in May, making it the biggest month of 2025 so far and the largest since borders reopened in January 2023.

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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