Macau August 2025: Revenue up 12.2% to $2.77bn, leaving Nevada trailing behind

The Gaming Inspection and Coordination Bureau (DICJ) have released Macau’s gaming revenue figures for August.  

In total, revenue came to MOP 22.16bn ($2.77bn), up 12.2% year-over-year, with revenue for the year so far totaling MOP 163.05bn, up 7.2% from the same period last year. August marks the territory’s highest gaming earnings for a month in the year so far, just edging ahead of July’s MOP22.13bn in earnings – now making this month Macau’s highest-earning post-pandemic.  

However, the month does reflect a slight slowdown of growth compared to the two months prior, with June and July both reporting an annual growth rate of 19%. 

When Gambling Insider investigated the Q2 results of Macau’s largest properties, it found that figures were generally up across the board. Wynn Palace admittedly took a 1.5% dip to $539.6m, though Las Vegas Sands saw revenue up 15%, with Galaxy Entertainment Group’s Galaxy Macau property up 16% to HK$10bn (US$1.28bn). 

It also found that five of the seven reported properties also reported higher table drop than slot handle, once again emphasizing the differences in player preferences between Macau and Nevada – and reaffirming that table games still have appeal, despite some casinos, including Golden Gate Hotel & Casino in Downtown Las Vegas, wrapping up table operations.  

Macau v Nevada 

All this is to say, the landscapes between Macau and Nevada are vastly different. 

Nevada saw slot revenue more than double that of table revenue in July 2025, making $938.4m, up 2.7%, and $420.7m, up 7.1%, respectively. Overall gaming revenue was $1.36bn, up 4%, though for the twelve-month period, revenue of $15.7bn only reflects growth of 0.2%. 

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While this growth is positive, it is only the second month in a row that Nevada has seen overall growth. Indeed, Nevada has shown a mixed bag of results for the year so far, while Macau has shown continued growth, following minor declines at the end of 2024 and the beginning of 2025. Compare this to Macau, which has only seen an annual decline once in the year so far. 

While this latest batch of results from both territories shows growth, one has shown growth far sharper and far more consistent, while the other is showing only minimal growth following several months of decline. Macau has clearly not finished in its mission to recover and excel results from before the pandemic, while Nevada struggles with issues such as reduced tourism figures and changing player preferences.  

Beth Turner

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