Monetary Updates
In the wake of the COVID-19 pandemic, the casino industry has shown a remarkable resurgence, particularly in key global markets. This article provides an overview of the financial performance of casinos in Macau, Atlantic City, and other major markets since the outbreak, along with the latest developments in casino-related financial news.
## Macau
Macau's casino sector has experienced a significant recovery since the pandemic. In the second quarter of 2025, casino revenue reached MOP61.26 billion, marking a 9% year-on-year increase, driven by a strong rebound in VIP baccarat and tourism. As of mid-2025, Macau's total gross gaming revenue (GGR) has surpassed MOP132 billion, up 36.7% compared to the same period last year. Despite a revised government projection of MOP228 billion for the full year, analysts like Jefferies have upgraded their GGR forecast to MOP237 billion, reflecting robust first-half results.
## Atlantic City
While specific recent financial data for Atlantic City is not available, the city has generally experienced fluctuations in casino revenue since the pandemic. Atlantic City typically sees variations in revenue due to competition from neighboring states and the ongoing recovery of the tourism industry.
## Other Major Markets
Nevada, home to Las Vegas, has seen a mixed performance. While sports betting has been strong, with top sportsbooks recently reaching their highest handle in 16 months, casinos faced a sluggish start in early 2025. Wynn Resorts reported declines in revenue across its Las Vegas operations as well as other properties.
The digital gaming sector has shown resilience in recent market challenges, with digital-first gaming stocks experiencing less decline compared to traditional casino stocks when faced with market volatility.
## Latest Developments
The strong performance of baccarat in Macau's Q2 2025 highlights the return of high-roller activity, contributing significantly to the region's casino revenue. Wynn Resorts, despite dealing with revenue declines across its properties, maintains market share in Macau and continues construction projects like Wynn Al Marjan Island in the UAE.
In Nevada, there are ongoing developments in sports betting regulations and new infrastructure projects, such as the proposed hotel near Allegiant Stadium. Atlantic City casinos are profitable, but most made less money than in 2023.
New Jersey's iGaming sector is flourishing, setting new records. Companies are spending heavily on lobbyists amid the hunt for three new casino licenses in New York. Hedge Fund Standard General finalized a $4.6 billion acquisition of Bally's.
Trump's America First Investment Policy may negatively impact Macau casinos, while the Eagles' success has stalled Pennsylvania casinos, but overall gaming revenue remains up. Michigan's retail and online casinos helped drive a record-setting year for gaming. The Virginia casino market is experiencing significant growth and is poised for continued expansion. Despite the revenue of Atlantic City casinos continuing to falter, the industry as a whole demonstrates a promising outlook for the future.
In the digital gaming sector, digital-first gaming stocks have shown resilience in recent market challenges. For instance, in the midst of market volatility, these stocks experienced less decline compared to traditional casino stocks.
In Macau, the strong performance of baccarat in Q2 2025 signifies the return of high-roller activity, contributing significantly to the region's casino revenue. While Wynn Resorts is dealing with revenue declines across its properties, it continues to maintain market share in Macau and has ongoing construction projects like Wynn Al Marjan Island in the UAE.
