TLDR Macau’s casino gross gaming revenue was MOP$21.68 billion (US$2.69 billion) in October, down 10% from a year earlier. October revenue rose 20.02% from September, helped by Golden Week and the NBA China Games. Revenue from January to October reached MOP$208.79 billion (US$25.89 billion), up 1.6% from 2025. Third-quarter revenue fell 3.7% year over year, mainly due to softer premium mass revenue. Truist Securities said operators focused on the base mass market could face a longer recovery.
Macau’s casinos earned MOP$21.68 billion (US$2.69 billion) in gross gaming revenue in October. That is 10% less than the same month last year, according to the Gaming Inspection and Coordination Bureau.
The result was better than September, though. October revenue rose 20.02% from the month before.
The monthly gain came during the National Day Golden Week holiday. The NBA China Games, held at The Venetian Macao early in the month, also took place in October.
Even with those events, revenue did not reach the level recorded in October 2025.
Monthly Gain Follows a Weak September
September’s gross gaming revenue was MOP$18.1 billion (US$2.24 billion). That figure set the base for October’s month-on-month increase.
The two comparisons show different sides of the market. October beat the month before it but fell short of the year before.
Analysts had warned ahead of the results that Macau operators would keep facing headwinds. They expected conditions to improve from a difficult September quarter, not for the pressure to end right away.
Government data shows industry revenue for the third quarter was MOP$60.4 billion (US$7.47 billion). That was down 3.7% from a year earlier and down 1.3% from the previous quarter.
Softer premium mass revenue was the main reason for the quarterly drop. Both the quarterly and monthly results came in below their year-earlier levels.