With a bullish outlook for Macau’s gaming industry, analysts have predicted a substantial surge in Gross Gaming Revenues (GGR) in 2024, in an optimism that reflects the industry's potential for robust growth and economic resurgence. In a resurgent forecast, CLSA analyst Jeffrey Kiang has projected a robust outlook for Macau's gaming industry, anticipating a significant rise in GGR this year. Amidst the aftermath of COVID-induced setbacks, Kiang's estimations signal a remarkable recovery as he has projected a handle of $29.2 billion, which represents an impressive 30 per cent growth year-over-year. As Macau seeks to swing back to its pre-pandemic levels, the analyst's projections paint an optimistic picture of sustained growth and revitalization.

Standing as a beacon of optimism, the analyst’s projection would not only mark a substantial increase from the previous year but also signify a commendable 82 per cent of the 2019 benchmark figures. The projected resurgence in the wake of the industry’s peak in 2019 would position the world-renowned casino hub on a trajectory to full recovery, with the current year poised to be a pivotal year. The revival of the gaming industry is expected to continue in 2025 as well, albeit at a more modest pace. As per the projections, the industry will likely achieve 89 per cent of the 2019 benchmark figures in 2025. The analyst's optimistic outlook underscores the Macau gaming industry's resilience and ability to overcome setbacks.

The analyst said, “We expect holiday GGR performance [in 2024] to be robust – but that would be quite even in terms of split, between the first half (Chinese New Year and May Golden Week) and the second half (summer holiday and October Golden Week)”.

As per the analyst’s projections, a noteworthy overall mass GGR increase of 31 per cent will be witnessed this year, reaching $23.2 billion. This includes premium mass but excludes slot machines, representing a robust expansion surpassing the 2019 levels by an estimated 18 per cent. The estimated 2024 handle of $29.2 billion indicates a remarkable 28.4 percent growth from last year’s $22.75 billion, with the first half of the year expected to be a key driver boosted by increased visits from mainland China.

In terms of market leaders, Sands China Limited and Galaxy Entertainment Group Limited are predicted to maintain their significant market shares this year as well. apart from these two operators, MGM China Holdings Limited is also expected to grab a substantial market share.