Daily Asia Gaming eBrief: Macau GGR projected to grow 8% in 2025

Monday 6th of January 2025

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Good morning. The only way is up. Strong spending from Chinese tourists in 2025 is expected to boost Macau GGR by 8 percent, with both mass and VIP markets to report increases, Goldman Sachs predicts. In Japan, a public interest organization based in Tokyo, has warned that online gambling addiction has become a significant issue in Japan since the onset of the COVID-19 pandemic.

What you need to know

Goldman Sachs anticipates 8% GGR growth for Macau in 2025, powered by stronger travel spending and lower costs.
A Japanese public interest organization has warned that online gambling addiction is becoming a significant issue in Japan.

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AGB Intelligence

MACAU

Strong travel spending from Chinese tourists to boost Macau's GGR

Goldman Sachs forecasts an 8 percent year-on-year growth in Macau's gross gaming revenue (GGR) for 2025, fueled by robust travel spending from Chinese tourists, which is expected to outpace general consumption trends in China, projected to grow by 7 percent. Analysts predict a 9 percent rise in mass GGR and a 4 percent increase in VIP revenue, with EBITDA expected to grow by 11 percent.

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