Investment bank Jefferies has again upgraded its Macau GGR forecast for 2025, with analysts now expecting gaming revenues to reach MOP$248 billion (US$31.8 billion) – revised upwards from its previous forecast of MOP$237 billion (US$29.3 billion).
In a note, Jefferies said its forecast was at the high end of market estimates and higher than government estimates, with its bullishness based on Macau’s rich line-up of high-profile concerts and events, new properties, more incentives to players and new wealth from stock and crypto markets surging.
“We expect these drivers will continue to fuel GGR growth for the rest of the year,” said analysts Anne Ling and Jingjue Pei. “We expect events such as the NBA China Games and Macau Grand Prix will continue to help boost GGR in Sept-Dec.”
