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Bond Market News
Macau Gaming Revenues Rise 24%, With Funds Said to Find Bonds Attractive
January 6, 2025
Macau gaming companies’ revenues rose 24% YoY in 2024 to MOP 226.8bn ($28.4bn), topping estimates, albeit still below pre-pandemic levels. December’s revenue fell 2%, the only month that saw a YoY decline in a rather strong 2024. As per a Bloomberg Intelligence report, Macau’s gross gaming revenue (GGR) may grow another 7% in 2025 and may potentially attract more major funds to invest in Macau gaming bonds. This is because their bonds are viewed as more stable with less geopolitical and sector risk. Major funds’ holdings of Macau gaming bonds increased 5% YoY in 2024.
Macau gaming bonds were trading stable across the board.
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