Macau August casino revenue rises 12.2% to $2.76 billion

Macau’s casino revenue climbed 12.2% in August from a year earlier to MOP22.15 billion ($2.76 billion), the city’s best monthly performance since before the Covid-19 pandemic, data from the Gaming Inspection and Coordination Bureau showed on Monday.

The tally was slightly higher than July’s MOP22.12 billion ($2.75 billion), marking a 0.13% increase, and exceeded the government’s revised monthly forecast of MOP19 billion. The summer peak in tourism, with hotel occupancy rates approaching 90%, helped bolster results.

The strong August showing pushed gross gaming revenue (GGR) for the first eight months of 2025 to MOP163.05 billion ($20.36 billion), up 7.2% year-on-year and averaging MOP20.38 billion ($2.54 billion) per month. That puts the market ahead of the government’s revised projection for the year, which had been cut to MOP228 billion from an earlier MOP240 billion after weaker results earlier in 2025.

Brokerage JP Morgan described August as a “busy and happy summer” for Macau and said: “We foresee sustained double-digit GGR growth in the coming quarters at least until first-quarter 2026.” Morgan Stanley also forecast GGR growth of 15% year-on-year in the second half, citing “busier than usual” activity at casinos and the return of dividend payouts by operators.

Analysts, however, expect revenues to ease in September as the city enters a traditional off-peak season for tourism.