The investment bank says casino revenue trends remain stable despite seasonal softness in the market.
Macau.- Gross gaming revenue (GGR) at Macau casinos is averaging around MOP703m (US$87.4m) per day in March, according to a recent research note from UBS. The investment bank said gaming revenue remains relatively stable so far this month and in line with market expectations, despite typical seasonal softness for Macau’s casino sector.
Average daily GGR in the past seven days was up around 11 per cent year-on-year but down about 5 per cent compared to February. UBS expects Macau’s GGR for March to average around MOP690m (US$86.2m) per day, up 9 per cent compared to March 2025.
As to be expected, the current daily run rate represents a moderation compared with the stronger performance seen in February but reflects steady demand from visitors to the city’s integrated resorts. Analysts noted that continued tourism flows and entertainment events hosted by casino operators are helping support visitation and gaming activity.
Earlier this month, UBS lowered its EBITDA outlook for the Macau gaming industry in 2026 by about 2 per cent citing higher operating expenses during the fourth quarter of 2025. Despite the revision, UBS estimates that Macau’s Gross Gaming Revenue will increase by around 5 per cent year-on-year in 2026, with growth expected to be stronger in the first half of the year.
The investment bank says casino revenue trends remain stable despite seasonal softness in the market. Macau.- Gross gaming revenue (GGR) at Macau casinos is averaging around MOP703m (US$87.4m) per day in March, according to a recent research note from UBS. The investment bank said gaming revenue remains relatively stable so far this month and in…
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