CICC: Expects December Macau gaming revenue to be between 20.2 billion and 21.7 billion Macau Patacas.

The Zhongjin research report stated that Macau's total gaming revenue in November reached 21.1 billion Macau patacas, a year-on-year increase of 14.4% but a month-on-month decrease of 12.4%, higher than the market's median annual growth forecast of 10.5%, and a recovery level of 92.2% compared to the same period in 2019. The average daily revenue in November 2025 was 703 million Macau patacas, a 9.5% decrease compared to October's daily average revenue of 777 million Macau patacas. The bank currently expects Macau's gaming revenue in December to range between 20.2 billion and 21.7 billion Macau patacas, with a daily average income ranging from 650 million to 700 million Macau patacas, representing an annual growth rate of approximately 11% to 19%, still lower by 5% to 12% compared to the same period in 2019.