Macau’s casino gross gaming revenue (GGR) fell 1.2% year-on-year in September 2026, reaching MOP18.06 billion ($2.23 billion), according to figures from the city’s Gaming Inspection and Coordination Bureau.
September marked the fourth consecutive month in which Macau recorded an annual decline in casino revenue. The result also extended a weaker trend that has emerged during the third quarter of the year.
Despite the recent declines, Macau’s casino GGR for the first nine months of 2026 reached almost MOP187.12 billion. This was still 3.2% higher than during the same period in 2025.
Revenue for the third quarter stood at MOP60.21 billion, down 1.3% from the MOP61.03 billion recorded in the second quarter. September was therefore part of a broader slowdown rather than an isolated monthly decline.
Market analysts have expressed caution about Macau’s gaming outlook for the final quarter of the year. CreditSights said that continued regulatory scrutiny could affect sentiment around the VIP segment, while CLSA has warned of increasing risks of downward revisions to earnings expectations for the Macau gaming industry.
The International Monetary Fund has also highlighted changes in Macau’s casino market, noting that VIP gaming is expected to represent a relatively small share of total gaming revenue over the medium term, despite some signs of recovery.
The September figures will add to attention on Macau’s casino sector as operators enter the final quarter of 2026. While revenue remains above last year’s level for the first nine months overall, the four-month run of annual declines shows that the market has faced weaker conditions in recent months.
Comments
This action can't be undone.