Gaming's Recent Winning Streak Buoyed by Affluent Consumers: JP Morgan

Gaming's recent winning streak buoyed by affluent consumers: JP Morgan

Wealthy mainland Chinese consumers less impacted by macro-economic conditions have been the major driver of the stellar gaming performance in recent months, as per a recent report from J.P. Morgan. Analysts DS Kim and Selina Li wrote that the high-end Chinese demand had even spurred mass-market demand, with this optimistic sentiment ‘likely lifted by wealth effects from stock rallies in China/HK/US, crypto surge, etc’. ‘We have seen similar gree…

JP Morgan raises Macau GGR forecast again on recent surge in demand

Investment Bank JP Morgan has for the third time in as many months upgraded its Macau GGR forecast for the remainder of the year, now projecting gaming revenues to rise by 13% year-on-year in 2H25 – improved from 4% during the first six months of 2025. The new forecast includes 12% growth in the September quarter, rising to 16% in Q4. The bank’s latest upgrade follows three consecutive months of comfortable consensus beats, with both June and Ju…