Content Writer: Janice Chew • Sunday, 25/11/2025 - 20:34:08 - PM
In a significant rebound for the city’s gaming sector, Macau reported monthly gross gaming revenue (GGR) of approximately US$3.01 billion (MOP 24.09 billion) in October, representing a year-on-year increase of about 15.9%. This performance also marked a strong improvement month-on-month, rising roughly 31.7%.
This October tally stands as the best monthly figure since October 2019 (MOP 26.44 billion) — the last time Macau reached such levels before the pandemic disrupted the industry. The result comes despite challenges, notably a Typhoon Matmo storm warning (Signal No. 8) that disrupted transport during the early part of Golden Week, yet the market was still able to deliver this milestone.
Analysts had been more cautious before the announcement: for instance, J.P. Morgan had trimmed its forecast for Macau’s October GGR growth to just 3-6% year-on-year, citing soft performance during Golden Week and the storm’s impact. The actual results therefore out-performed those cautious estimates, hinting at stronger demand than assumed.
For stakeholders in the gaming sector, this rebound implies momentum for Macau’s recovery after the pandemic-era downturns. However, given the storm disruptions and potential macro-headwinds (e.g., the health of the mainland Chinese market), the performance may carry some upside and risk simultaneously. A strong October is encouraging, but whether it signals a sustained recovery remains to be seen.