Macau January GGR surges to $2.79B, marking 24% YoY growth

Macau January GGR surges to $2.79B, marking 24% YoY growth | AGB

Summary

Macau’s gross gaming revenue (GGR) for January reached MOP22.63 billion (USD 2.79 billion), the strongest January showing since 2019 and a 24% year-on-year increase. January GGR rose 8.4% month-on-month from December, reflecting stronger seasonality ahead of Chinese New Year. December’s GGR was MOP20.89 billion (USD 2.61 billion), up 14.8% year-on-year, and full-year 2025 GGR totalled MOP247.40 billion (USD 30.9 billion), a 9.1% rise versus 2024.

The market appears to be recovering briskly, with early indicators pointing to further momentum as the Chinese New Year Golden Week (Feb 15–23, with the New Year on 17 February) approaches – expected to lift both visitation and spending across gaming and non-gaming sectors.

Key Points

January 2026 GGR: MOP22.63 billion (USD 2.79 billion), up 24% year-on-year.
Month-on-month: January rose 8.4% versus December 2025, showing seasonal acceleration.
December 2025: MOP20.89 billion (USD 2.61 billion), up 14.8% year-on-year.
Full-year 2025 GGR: MOP247.40 billion (USD 30.9 billion), up 9.1% year-on-year.
Chinese New Year (17 Feb) and the Golden Week (15–23 Feb) are expected to further boost visitation and spend.

Context and relevance

Macau’s January performance signals a sustained post-pandemic recovery for the world’s largest casino market. Strong early-year GGR and positive month-on-month gains suggest demand is returning not only for gaming but also for tourism-driven non-gaming revenue. The results matter to operators, suppliers and investors watching seasonality and holiday-driven spikes — especially with Chinese New Year set to amplify flows into Macau. The full-year 2025 growth of 9.1% provides further context: the market is expanding again, though how much of the rise is structural vs. seasonal remains a watchpoint.

Why should I read this?

Quick take: Macau’s back in business. If you care about gaming revenues, tourism flows or holiday season effects, this short read tells you January jump-started 2026 — and Chinese New Year could push numbers higher. Saved you the digging.

Author style

Punchy — the piece focuses on the hard numbers you need to know now. For industry readers it’s a timely snapshot; for casual observers it’s a clear signal Macau’s recovery is holding pace into the busiest travel period of the year.