Macau's gross gaming revenue is expected to grow by 8% year-on-year in 2025, driven by increasingly positive sentiment from China towards Macau, the impact of improved visa policies, and the strengthening of China's economy, according to Seaport Research Partners.
A return to traditional methods of money movement, including the use of Macau's Union Pay pawn shops, in response to a crackdown on money exchange gangs, is also expected to boost liquidity across the city.
In a Monday note, Seaport analyst Vitaly Umansky stated that the optimistic forecast for 2025 comes despite expecting a slower March quarter, where GGR is projected to grow by 4.2% year-on-year – a decrease of 4.0% quarter-on-quarter – due to challenging comparisons with the first quarter of 2024, which benefited from higher VIP volumes and hold rates.
