Goldman Sachs projects 8% growth in Macau’s GGR in 2025
Wall Street banking giant Goldman Sachs has forecasted an optimistic outlook for Macau's gaming sector, projecting an 8% year-on-year growth in the region's gross gaming revenue (GGR) by 2025. This anticipated growth is largely attributed to robust travel spending from Chinese tourists.
The analysts report that the ongoing recovery of Macau's tourism industry will play a pivotal role in this increase, particularly as visitors from affluent areas of China resume their trips. Reflecting this positive trend, GGR saw a solid 3% quarter-on-quarter rise in the fourth quarter of 2024, reaching an impressive MOP57.4 billion (approximately $7.2 billion).
Despite lingering concerns regarding competition, the gaming sector appears resilient, buoyed by heightened travel expenditure and the resurgence of tourism. Analysts express confidence that Macau's casino industry will continue to flourish as tourist numbers climb, with a noted influx from major cities such as Beijing, Shanghai, and Zhejiang.
