Macau to see strong October GGR despite soft Golden Week, Seaport says

Analysts remain optimistic that October will see the strongest GGR since November 2019.

Macau.- Seaport Research Partners still expects October to see Macau’s strongest GGR of 2025 despite softer than expected Golden Week results.

The eight-day holiday this month saw average daily GGR down 11 per cent year-on-year to MOP910m (US$114m), analysts say. Despite a 16 per cent increase in visitation, per-visitor spending dropped 12 per cent to US$793.

Nevertheless, Seaport says high-profile events and anticipated high-end player activity could drive October GGR to MOP 22.86bn (US$2.85bn). That would be a 10 per cent year-on-year increase and would make the month the strongest since November 2019.

The four days following Golden Week saw daily GGR above MOP730m (US$91.3m), boosted by a three-day concert by Hong Kong star Jackson Wang at Galaxy Macau and an NBA weekend at The Venetian, Seaport said.

Analyst Vitaly Umansky noted that while Golden Week GGR was up 17 per cent compared to Lunar New Year and down just 1 per cent compared to May’s Golden Week.

For the first 12 days of October, Seaport estimates GGR at MOP10.2bn (US$1.28bn), averaging MOP850m (US$100m) daily. Umansky expects the remainder of the month to see an average daily GGR of MOP665m (US$83.1m), driven by high-end premium players who postponed Golden Week visits. Seaport forecasts double-digit GGR growth for November, December and into early 2026.

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See also: Macau receives over 790,000 visitors in first 5 days of October Golden Week

Analysts remain optimistic that October will see the strongest GGR since November 2019. Macau.- Seaport Research Partners still expects October to see Macau’s strongest GGR of 2025 despite softer than…