Macau’s gross gaming revenue is seen growing by 8% year-on-year in 2025, driven by increasingly positive China sentiment towards Macau, the impact of improved visa policies and the strengthening of China’s economy, according to Seaport Research Partners.
A return to traditional money movement methods, including the use of Macau’s Union Pay pawn shops, in response to a crackdown on money exchange gangs is also seen boosting liquidity across the city.
In a Monday note, Seaport analyst Vitaly Umansky said the generous 2025 forecast comes despite what he expects to be a slower March quarter in which GGR is seen growing by 4.2% year-on-year – down 4.0% quarter-on-quarter – due to tough comparisons with 1Q24 having benefited from higher VIP volumes and hold rates.
