Why is Macau gaming revenue rising again?

Macau is seeing a strong tourism rebound with more mainland China travel and higher VIP volumes. October benefited from Golden Week holiday which boosted casino floors. Analysts say mass market spend is now running above 2019 levels.

Did Macau gambling revenue beat expectations in October?

Yes. October GGR came in above the consensus forecasts from major brokerages. Visitor volumes were higher than modeled which pushed daily run rate revenue to the top end of the analyst range.

Is Macau tourism fully recovered to pre pandemic levels?

Not fully yet but the trend is very close. International tourism is still lower than 2019 but mainland China visitation is the main revenue driver and that is already back near or above pre COVID pace in peak weeks.

Which Macau casino operators benefit the most when GGR is strong?

Galaxy, Sands China, Melco and SJM all show operating leverage when mass gaming is high. The mass segment has higher margins than VIP so GGR beats usually give stronger EBITDA upside.

What does stronger Macau GGR mean for stock prices?

When Macau revenue beats, analysts raise estimates and price targets. Higher GGR often leads to earnings upgrades which is why Macau names tend to rally on positive monthly prints.

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Macau Gaming Sector Posts Strong October Results, Beating Analyst Forecasts

ByRubaisha November 3, 2025November 3, 2025

Macau has once again surprised the market. The gaming sector posted stronger than expected October results and has shown investors and analysts that the recovery trend is not just intact; it is accelerating.