Back    Zoom +    Zoom -
<Research>CICC Estimates MO Jan GGR at MOP20.2-21.7B, 10-19% YoY Growth in Avg. Daily GGR
Recommend
13
Positive
27
Negative
12
Macau's GGR grew by 14.8% YoY to MOP20.9 billion in December 2025, slightly below Bloomberg's consensus expectation of 18% YoY growth, but recovering to 91.5% of the level seen in December 2019, according to a report from CICC. The average daily GGR also reached MOP674 million, up 14.8% YoY but down 4.1% MoM.

In CICC's estimate, Macau's GGR will reach MOP20.2-21.7 billion in January 2026, meaning that it will average MOP650-700 million per day, marking a YoY increase of 10-19%, though it will still be 13-19% lower than the level recorded in January 2019.

Related NewsJefferies: MO Casinos Expected to Benefit from 1H26 Low Base/ MO Govt's Conservative Forecast
CICC's preference ranking for the stocks in this sector remains unchanged: MGM CHINA (02282.HK) > SANDS CHINA LTD (01928.HK) > GALAXY ENT (00027.HK) > MELCO INT'L DEV (00200.HK) > WYNN MACAU (01128.HK) > Melco Resorts & Entertainment (MLCO.US) > SJM HOLDINGS (00880.HK).
AAStocks Financial News