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Macau’s gross gaming revenue (GGR) fell 8.4% from a year earlier to MOP20.26 billion ($2.5 billion) in July, marking a second consecutive monthly decline as the 2026 FIFA World Cup weighed on casino demand, according to data released by the Gaming Inspection and Coordination Bureau (DICJ).
The decline followed a 12.1% year-on-year drop in June, with analysts having anticipated weaker gaming activity during the global football tournament.
Despite the annual decline, July revenue rose 9.38% from June, while daily average GGR increased 5.86% month over month to MOP653.55 million. The monthly total remained above the MOP20 billion mark and was close to February’s MOP20.63 billion, traditionally a stronger gaming month.
For the first seven months of 2026, Macau’s casino revenue reached MOP147.16 billion ($18.2 billion), up 4.4% from MOP140.90 billion in the corresponding period last year.
The average monthly GGR for the year stands at MOP21.02 billion, comfortably above the MOP19.66 billion monthly pace required to achieve the Macau government’s full-year revenue forecast of MOP236 billion.
Based on the current run rate, annual gaming revenue would reach around MOP252 billion, exceeding both the government’s forecast and the MOP247.40 billion generated in 2025.
Analysts expect gaming revenue to recover starting in August, supported by stronger visitation and seasonal demand in the fourth quarter, with full-year GGR projected to grow between 5% and 6%.
In addition to the World Cup, analysts cited weather-related disruptions as another factor behind July’s weaker performance. Typhoon Maysak and Typhoon Noul affected parts of southern China during the month, causing flight cancellations and suspending ferry and road connections between Macau and Hong Kong, which likely weighed on visitor arrivals despite limited direct damage in Macau.