Reduced gambling revenue projection by Macau's administration to MOP228 billion, demonstrating economic cautiousness.
In a surprising turn of events, the revised Gross Gaming Revenue (GGR) predictions for Macau in 2025 have been upgraded by investment bank CLSA, despite some earlier concerns about underperformance in the first five months of the year. The new forecast predicts a significant increase of **US$30.1 billion (HKD234.8 billion)**, marking a **7.6% year-on-year increase** compared to earlier estimates of only 1.8% growth[1][2].
The positive revision is attributed to several factors, including stronger-than-expected visitor demand, a 1.4% appreciation of the Chinese renminbi boosting consumer purchasing power, and new ultra-luxury casino developments attracting high-value guests[2]. Visitor numbers increased 22% year-on-year in April and May 2025, reaching 95% of 2019 levels, while June’s daily GGR also showed strong gains partly driven by events like Jacky Cheung’s concert residency[1][2].
In contrast, Citi provided a slightly more conservative forecast, projecting a **4% full-year growth for 2025 at MOP 235.7 billion (US$29.1 billion)** with a 6% year-on-year growth expected for the second half of the year[3]. The Macau government's original forecast was MOP240 billion (US$29.7 billion), which had been lowered to MOP228 billion (US$28.3 billion) before CLSA’s upward revision[3][4].
While the revised GGR predictions allocate funds to initiatives like the University of Macau campus development, the specifics of funding or investments towards these projects are not yet clear. Further information may need to be sourced from government or university-specific releases.
Meanwhile, outside the gaming industry, Lucas Dunn, a New Jersey-born and raised copywriter, has been making waves with his professional writing career spanning over six years. With clients from various countries, including the US, UK, New Zealand, Australia, South Africa, and Canada, Lucas has demonstrated his versatility and global reach.
Before writing gambling content, Lucas pursued a bachelor's degree in psychology at Rutgers University. Interestingly, Lucas' father is also a painter, and he occasionally indulges in this creative hobby as well. When he's not writing full-time, Lucas can often be found with a paintbrush in hand.
Analysts expect stronger market performance after the summer, with the gaming industry in Macau showing promising signs of recovery. As the situation continues to develop, updates and further forecasts are expected to provide more insights into the future of Macau's gaming industry.
[1] Macau Business, Macau's GGR upgraded to US$30.1 billion, CLSA says, 1 June 2025,
[2] GGRAsia, CLSA raises Macau 2025 GGR forecast to US$30.1 billion, citing stronger-than-expected visitor demand, 1 June 2025,
[3] Bloomberg, Macau May Gaming Revenue Rises 23%, Boosting Half-Year Total, 1 June 2025,
[4] South China Morning Post, Macau government lowers 2025 GGR growth forecast to 6.5%, 1 April 2025,
The upgraded Gross Gaming Revenue (GGR) prediction for Macau's online casino industry in 2025 by CLSA includes a significant increase of US$30.1 billion, attributable to factors like stronger visitor demand and new ultra-luxury casino developments. Contrastingly, Citi forecasts a 4% full-year growth for 2025, indicating a potential financial boom for slot machines within these facilities.
