In May 2025, Macau's gaming industry recorded its highest monthly performance since the onset of the COVID-19 pandemic, marking a significant recovery for the sector.
Key Achievements
In May 2025, the gross gaming revenue (GGR) reached MOP 21.19 billion ($2.62 billion), a 5% increase year-on-year. This figure surpassed the previous post-pandemic peak set in October 2024, primarily driven by increased visitor numbers during the Golden Week holiday.
Impact of Golden Week
The Golden Week period from May 1 to 5 proved to be a catalyst for record results in Macau. The period attracted 850,000 visitors, reflecting a 40% year-on-year increase, and provided daily GGR exceeding MOP 1 billion. The majority of visitors were from mainland China, accounting for approximately 80% of all arrivals.
Outlook and Challenges
The prospects for continued recovery in the gaming sector are optimistic. However, economic instability and evolving regulatory environments pose significant challenges. Analysts also note that the revival of the VIP segment is under pressure, with revenues still substantially lower than pre-pandemic levels.
The results from May 2025 highlight the growing potential of Macau's gaming sector, but future successes will depend on the industry's ability to adapt to new economic and regulatory conditions.
