Macau Casino Revenue Sets Post-COVID Record, Players Lose $2.76 Billion in August
Posted on: September 1, 2025, 08:34h.
Last updated on: September 1, 2025, 08:34h.
- Macau casino revenue reached $2.76 billion in August 2025
- Macau gaming win is up 7.2% through eight months of the year
- China is encouraging more domestic consumption, a good thing for Macau
Macau casino revenue hit MOP22.15 billion (US$2.76 billion) in August, the region’s best gaming month since January 2020.
On Monday, Macau’s Gaming Inspection and Coordination Bureau revealed that August gross gaming revenue (GGR) climbed 12.2% from the prior year. It marked the seventh month in a row of year-over-year GGR gains.
Through eight months, 2025 Macau casino revenue is up 7.2% on 2024, with the six licensed operators of table games and slot machines winning $20.3 billion. The six casinos have won $1.36 billion more than they had at this time last year.
Parent entities of four of the six casino concessionaires in Macau are publicly traded in the United States — Sands, Wynn, MGM, and Melco. While markets are closed for Labor Day, shares of those companies will likely see a boost when trading resumes tomorrow.
Macau Comeback
It was only recently that there were many concerns that Macau’s heyday was over, as Chinese President Xi Jinping seized the COVID-19 pandemic to overhaul the casino hub. Xi ordered the removal of VIP junket groups, travel organizers that had long colluded with the casinos to bring mainland high rollers to the Chinese Special Administrative Region.
Paired with being ordered to invest many billions of dollars into their resorts, with most of the capital required to go to nongaming projects, many analysts and investors wondered if the six casinos could stay afloat amid the regulatory storm. Macau’s six casino companies pivoted from the high roller to the mass public through diversification of new amenities and draws. It’s paying off so far.
August marked Macau’s third consecutive month of reporting a new post-COVID-19 GGR high. They won $2.62 billion in June and $2.75 billion in July.
We foresee sustained double-digit GGR growth in the coming quarters at least until the first quarter 2026,” said a note from JP Morgan, adding that the summer was a “busy and happy” time in the enclave.
A note from Citigroup said Macau has quickly become a major destination for K-pop. The city hosted the Tencent Music Awards on Aug. 24 via Galaxy Macau. Casino.org reported previously on Macau hosting such premier acts as i-dle, TWICE, Zhou Shen, Jane Zhang, Ekin Cheng, and Lee Jun-young.
Chinese Economy
China’s economy, the world’s second largest, is undergoing change. Amid a structural slowdown, as it shifts from an export-led economy to one focused on high-tech manufacturing, a silver lining is that China’s leaders are also encouraging more domestic consumption.
Consumers have some capacity to spend more in China,” said Rob Haworth, senior investment strategy director with U.S. Bank Asset Management Group. “Even though the economy isn’t booming today, it is still growing.”
China’s GDP per capita remains below $14,000, a relatively low figure among developed countries. However, the earnings rate reflects the immense size of China’s population and its significant wealth disparity.
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