Macau’s casino gross gaming revenue (GGR) for May is projected to reach MOP22.5bn, representing a 6% year-over-year increase, according to estimates from major investment banks.
Industry checks indicate that GGR for the first 17 days of May totaled approximately MOP12.65bn. Daily average revenue for the week of May 11–17 came in at MOP693m, down about 11% from the roughly MOP780m daily average recorded during the first 10 days of the month, which included the Labor Day holiday period. However, the latest weekly figure remains about 1% higher than the same period last year.
Month-to-date, daily GGR is averaging around MOP744m, reflecting roughly 5% year-over-year growth and a 12% month-over-month increase. Based on current trends, analysts expect the remaining days of May to generate a daily average of approximately MOP704m to MOP706m to meet the full-month forecast.
Segment performance shows mixed dynamics. Mass-market GGR has risen by an estimated 12% to 14% month over month, while VIP rolling volume has increased by 15% to 18%. However, VIP win rates have remained relatively low at around 2.3% to 2.6%, weighing on overall revenue conversion.
In April, Macau reported GGR of MOP19.9bn, up 5.5% year over year but down 12% from March’s MOP22.61bn. Despite the monthly dip, cumulative GGR for the first four months of 2026 reached MOP85.8bn, marking 12.1% growth compared with the same period last year.
Industry expectations for 2026 continue to center on a monthly GGR average of around MOP20bn. While short-term volatility persists, year-to-date figures suggest the market remains on track for moderate annual expansion, supported by stable visitation and gradual recovery in spending patterns.
April GGR reached MOP19.9bn, up 5.5% year over year but down 12% from March
