According to a report from JPMorgan, Macau's GGR for the first 22 days of February reached MOP14.3 billion based on its checks, with a daily average of MOP650 million.

Last week's daily average GGR, which included both the quiet and peak periods of the Lunar New Year holiday, was MOP785 million, below JPMorgan's expectation of MOP850 million.

Related NewsJPM Recommends Maintaining Selectivity, Names GALAXY ENT as Top Pick; MO Feb GGR Beats
Given the mixed performance during the Lunar New Year, JPMorgan slightly adjusted its February GGR forecast to be flat to a 2% increase YoY (previously forecasted to grow by 2-5%). Excluding seasonal and calendar factors, Macau's GGR for the first two months of 2026 is expected to grow by 12-13% (previously forecasted to grow by 13-14%), consistent with the broker's and the market's industry forecasts.

JPMorgan updated its latest preference order for Macau casino stocks: GALAXY ENT (00027.HK)  -0.740 (-1.844%)    Short selling $73.10M; Ratio 33.946%   , the broker's top pick with an Overweight rating > MGM CHINA (02282.HK)  -0.190 (-1.535%)    Short selling $7.66M; Ratio 19.505%   , rated Overweight > SANDS CHINA LTD (01928.HK)  0.000 (0.000%)    Short selling $38.57M; Ratio 26.934%   , rated Overweight > WYNN MACAU (01128.HK)  -0.060 (-1.056%)    Short selling $6.01M; Ratio 29.889%   , rated Overweight. Melco Resorts & Entertainment (MLCO.US)      was rated Neutral, while MELCO INT'L DEV (00200.HK)  -0.090 (-2.153%)    Short selling $1.28M; Ratio 10.951%   and SJM HOLDINGS (00880.HK)  -0.030 (-1.245%)    Short selling $12.64M; Ratio 46.115%   were both rated Underweight.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-03-03 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)