Macau October GGR Falls 10% YoY to MOP21.68bn as DICJ Reports
October decline was fifth consecutive year-on-year drop but month-on-month rose 20%.
Key Takeaways
- The Gaming Inspection and Coordination Bureau reported October GGR at MOP21.68 billion (US$2.68 billion), down 10.0% year-on-year.
- October GGR rose 20.0% month-on-month from just over MOP18.06 billion in September.
- GGR for the first ten months of 2026 totalled MOP208.80 billion, up 1.6% year-on-year.
- CreditSights said Macau needs average monthly GGR of MOP16.3 billion in Q4 to reach the MOP236-billion 2026 target.
The Gaming Inspection and Coordination Bureau released data on Sunday showing Macau casino gross gaming revenue for October fell 10.0 percent year-on-year to MOP21.68 billion (US$2.68 billion). The figure marked the fifth consecutive month of year-on-year declines and was the second-largest annual drop recorded so far in 2026.
Monthly and year-to-date performance
October GGR rose 20.0 percent month-on-month from just over MOP18.06 billion in September, but remained down versus October 2025. The October month included a Golden Week holiday on the Chinese mainland, traditionally a peak tourism period for Macau. The drop in October followed a 12.1 percent year-on-year decline recorded in June.
The DICJ’s October release put GGR for the first ten months of 2026 at MOP208.80 billion, a year-on-year improvement of 1.6 percent.
Market commentary and targets
Macau’s Chief Executive, Sam Hou Fai, had said on October 10 that October performance was likely to be crucial for whether Macau could meet the government’s 2026 target figure of MOP236 billion. Brokerage China International Capital Corporation Hong Kong Securities Ltd wrote in an October 17 note that there was “no clear near-term inflection point” in either Macau GGR or sector profitability and suggested investors might have underestimated weakness in gaming demand.
“No clear near-term inflection point,” China International Capital Corporation Hong Kong Securities Ltd wrote on October 17.
UBS said analysts’ consensus on Macau GGR for October was “challenging”, citing a moderation in the daily GGR run-rate from approximately MOP1.0 billion during the first four days of the October Golden Week.
CreditSights said Macau could still achieve the government’s MOP236-billion target for 2026, but noted the territory would need average monthly GGR of MOP16.3 billion in the fourth quarter to reach the full-year target.
For regulatory context see the Gaming Inspection and Coordination Bureau release and broader market reporting on Macau.
Frequently Asked Questions
How much did Macau casino GGR total in October 2026?
Macau casino gross gaming revenue in October totalled MOP21.68 billion, equivalent to US$2.68 billion, as reported by the Gaming Inspection and Coordination Bureau.
Was October GGR higher or lower than September 2026?
October GGR was higher month-on-month, rising 20.0% from just over MOP18.06 billion in September to MOP21.68 billion in October.
What is Macau's 2026 GGR target and can it still be met?
The government’s 2026 casino GGR target is MOP236 billion; CreditSights said Macau could still achieve that target but would require average monthly GGR of MOP16.3 billion in the fourth quarter.
What did analysts say about the October results?
China International Capital Corporation Hong Kong Securities Ltd said there was “no clear near-term inflection point” in Macau GGR or sector profitability, and UBS described analysts’ consensus on October GGR as “challenging.”
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Oliver Grant
Industry Technology Correspondent
Oliver Grant covers the technology and business machinery of iGaming — platform and data deals, AI and compliance tooling, affiliate and marketing shifts, and the quarterly numbers behind them. The reports lead with the announcement, name the vendors and figures exactly as published, and separate genuine capability from press-release promise. When a supplier ships a new engine or a regulator tightens ad rules, Oliver Grant explains what actually changes for the companies involved.
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