Macau casino revenue off to solid start, GGR hits $646M in first eight days of June

Macau’s casino sector posted a strong start to June, with gross gaming revenue (GGR) reaching MOP5.2 billion ($646 million) in the first eight days of the month, according to a J.P. Morgan report released Monday.

Daily revenue during the period averaged MOP650 million ($76.69 million), slightly below May’s MOP684 million ($84.60 million) but still considered a healthy level for a typically quieter month.

“This is a very healthy level for shoulder months such as June, seemingly helped by G-Dragon concert as well as the Dragon Boat festival,” J.P. Morgan analysts DS Kim and Selina Li wrote.

The brokerage expects daily GGR for the remainder of June to range between MOP600 million and MOP620 million. If that trend holds, June’s total GGR could post a year-on-year increase of 4% to 7%.

The solid performance is expected to lift second-quarter GGR by 3% to 4% from a year earlier, potentially marking a turning point for the sector following a string of underwhelming quarters.

“2Q25 is (very) likely to be the first ‘non-miss’ quarter in some time,” the analysts noted, suggesting a possible stabilization in Macau’s gaming recovery.

For the full year, J.P. Morgan forecasts total GGR to reach MOP232 billion ($28.70 billion), slightly ahead of the Macau government’s revised projections.

Macau, the world’s largest gambling hub, has been gradually regaining momentum amid improved travel flows and a slate of entertainment-driven tourism initiatives aimed at boosting visitation.