According to the latest data released by the Gaming Inspection and Coordination Bureau, Macao’s gross gaming revenue (GGR) for March 2026 reached MOP 22.612 billion, representing a year-on-year increase of 15% and a month-on-month increase of 9.6%. Cumulative GGR for the first three months totaled MOP 65.873 billion, up 14.3% year-on-year. Regarding the March performance, Prof. Davis Ka Chio FONG, Director of the Institute for the Study of Commercial Gaming and Professor in the Department of Integrated Resort and Tourism Management at the University of Macau, stated in an interview with Macao Daily News that the figures were in line with both his personal expectations and market forecasts. Based on the performance in the first quarter, the full-year total is estimated to be around MOP 260 billion, consistent with his earlier predictions at the beginning of the year.
Prof. FONG noted: “Although uncertainties in the Middle East situation once raised market concerns about the gaming industry, the March data shows that it has not had a substantial impact on Macao’s gaming revenue.” He analyzed that, affected by a reduced willingness to travel long distances, Macao – leveraging its advantages as a safe, convenient, and short-haul resort destination – has instead become a “safe haven” favored by short-haul visitors. Despite multiple external disruptions, market performance remained at expected levels, which Prof. FONG described as “a pleasant surprise.”
Based on observations of the recovery trend among premium customers, Prof. FONG pointed out: “The recovery momentum has been gradually stabilizing since the second half of last year and was further confirmed in the first quarter of this year.” According to industry practices, this recovery cycle typically lasts two to two and a half years, which will positively contribute to the stability of gaming revenue.
Looking ahead to the short-term trend, Prof. FONG expects that due to the traditional off-season and fewer festive activities in April, gaming revenue may be slightly lower than in March, but is expected to stabilize at around MOP 22 billion. In May, the focus will be on the mainland China’s Labor Day holiday, while external environmental changes affecting market sentiment should also be monitored; overall, he holds a relatively optimistic view. Starting in June, as the number of World Cup matches increases, some gaming funds are expected to shift toward sports betting, and GGR from June to August may see a slight adjustment. The specific trend will require continued observation.
At the end of the interview, Prof. FONG further stated: “Geopolitical risks have not yet been completely eliminated in terms of their impact on future gaming revenue. Assuming the situation tends to ease, the impact of geopolitical factors on this year’s full-year gaming revenue will be largely ruled out. Still, we will maintain a ‘wait-and-see’ approach.”
To read the full interview, please visit the original article on Macao Daily News: https://appimg.modaily.cn/app/szb/pc/content/202604/02/content_471728.html
