Macau March 2025 results: GGR up 0.8% to MOP 19.66bn
Macau’s gaming revenue has shown moderate growth in early 2025.
Key points:
– Macau’s gaming revenue for the first three months of 2025 confirmed a modest increase of 0.6% compared to the same period in 2024, despite a decline in January
– Growth in February and March was driven by increased tourism and consumer spending
The latest figures from the Gaming Inspection and Coordination Bureau (DICJ) show that total gross gaming revenue (GGR) from the first quarter of 2025 in Macau has slightly increased compared to the same period in 2024.
In March 2025, GGR reached MOP 19.66bn ($2.45bn), an increase of 0.8% compared to MOP 19.5bn in March 2024. This follows a positive month for February, where GGR rose to MOP 19.74bn, marking a 6.8% year-on-year increase from MOP 18.49bn.
Good to know: Macau’s first dip in monthly GGR in two years was reported in December 2024
Despite a decline in January GGR, which fell by 5.6% year-on-year to MOP 18.25bn, the overall accumulated gross revenue for the first quarter of 2025 stands at MOP 57.66bn. This represents a 0.6% increase over the same period in 2024, which recorded MOP 57.33bn in the first three months of the year.
This steady growth highlights Macau’s gaming industry’s attempts to recover from market fluctuations and economic uncertainties. Analysts attribute the improvement to increased tourism, strategic promotional efforts and a rise in consumer spending.
Looking back at 2024, March was one of the highest earning months of the year, though was outperformed by October, May and August. If 2025 follows last year’s trends, we can expect to see a slight dip in GGR in April, before seeing significant growth the month after.
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