Gaming Revenue Surges in February 2025
Macau’s gross gaming revenue (GGR) іn February 2025 reached MOP19.74 billion (USD 2.46 billion), a 6.8% year-on-year increase. This boost was largely driven by the Chinese New Year celebrations, particularly the Golden Week holiday from January 28 tо February 4, which drew significant tourist inflows from mainland China. February also marked an 8.1% growth compared tо January 2025, showcasing a recovery trend after a slow start tо the year.
Annual Growth Projections and Comparisons
Analysts have revised their forecasts for Macau’s 2025 annual GGR growth, estimating a 4% to 9% increase. February’s revenue performance achieved 77.8% of pre-COVID February 2019’s GGR. This improvement signals steady recovery, though challenges remain in fully reaching pre-pandemic levels. The rebound after January’s sluggish figures has set a positive tone for the upcoming months.
Sector Challenges and Recovery Dynamics
While February’s performance boosted optimism among operators, concerns persist. Financial analysts highlight that increased visits from lower-GDP provinces may have limited impact on achieving full recovery. Golden Week GGR still fell short of past years, pointing to underlying complexities in the gaming sector’s post-pandemic rebound. Stakeholders continue to monitor economic, tourism, and regional stability factors closely as 2025 progresses.
