News
Sands, Galaxy saw some 2025 gains in mall performance as Macau retail improved citywide at year-end
4+ hour, 12+ min ago (757+ words) One Macau casino resort operator with a large shopping mall in Cotai, saw growth in fourth-quarter 2025 net revenues from retailing. Another operator with Cotai malls registered gains in fourth-quarter and full-year net revenue. That is according to the respective financial…...
Macau February GGR forecast cut by JPM, but says post-holiday demand may pick up - GGRAsia
1+ week, 3+ day ago (373+ words) JP Morgan Securities (Asia Pacific) Ltd is reducing its forecast for Macau's February gross gaming revenue (GGR) performance, now saying it is likely either to be flat year-on-year, or at most 2 percent up, due to the "mixed lunar new year…...
Fitch expects Macau’s GDP to grow 4pct in 2026 on ‘solid’ gaming tourism
3+ week, 1+ day ago (547+ words) Fitch Ratings Inc forecasts Macau's gross domestic product (GDP) growth to moderate to 4.0 percent in 2026, from 4.7 percent last year, with gross gaming revenue (GGR) "recovering to nearly 89 percent of its 2019 level, i.e., hitting circa MOP260 billion(US$32.29 billion) this year. The commentary…...
Macau GGR in 1Q could rise 18pct y-o-y after strong January and likely good CNY: analysts - GGRAsia
1+ mon, 4+ day ago (352+ words) Macau's February casino gross gaming revenue (GGR) could rise 22 percent year-on-year, from February 2025's MOP19.74 billion (US$2.45 billion currently), suggests a'Sunday note from banking group Morgan Stanley. "We expect first-quarter GGR to rise 18 percent year-on-year, on a lower base for the…...
Macau’s 2025 GDP up 4.7pct y-o-y, helped by surge in visitors in final three months - GGRAsia
1+ mon, 1+ week ago (285+ words) Macau's 2025 gross domestic product (GDP) grew 4.7 percent year-on-year in real terms, to MOP417.28 billion (US$51.89 billion), helped by a surge in fourth-quarter visitors that pushed that quarter's GDP expansion to 7.6 percent year-on-year. Performance in the three months to December 31 was driven…...
Challenging growth path for Macau’s average GGR per visitor this year, says CreditSights - GGRAsia
1+ mon, 1+ week ago (552+ words) Credit and market research provider CreditSights Inc says it expects Macau's casino gross gaming revenue (GGR) to post a "low-to-mid-single digit" growth in full-year 2026, though average GGR per visitor would in likelihood see a "more difficult path" for growth. In…...
Philippines’ pro-tourism policies should bring growth in 2026: Maybank
1+ mon, 3+ week ago (438+ words) Pro-tourism policies by the Philippines government "should provide growth" for the sector this year, suggests a Thursday report from Maybank Securities Inc. Favourable factors would include the expansion of the country's electronic visa (e-Visa) programme, which currently covers 12 nationalities. Chinese…...
SJM’s proposed U.S.-dollar notes rated ‘BB-‘ amid tough deleveraging path: Fitch
2+ mon, 11+ hour ago (585+ words) Fitch Ratings Inc has assigned Macau casino operator SJM Holdings Ltd's newly-proposed U.S.-dollar, unsecured senior notes a below-investment-grade "BB-' rating, with a "negative' outlook for the group itself. The outlook reflects "heightened uncertainty" around the company's deleveraging effort, given "weak…...
Morgan Stanley expects Macau 4Q GGR to grow 8pct sequentially - GGRAsia
2+ mon, 3+ week ago (420+ words) Brokerage Morgan Stanley Asia Ltd says it expects Macau's gross gaming revenue in the fourth quarter of 2025 to increase by circa 8 percent sequentially, and about 17 percent from the prior-year period." Such GGR growth would be supported by a 22-percent increase…...