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flag Macau set a record with 40.06 million visitors in 2025, driven by mainland tourists, as its casino revenue surged past forecasts.

flag Macau recorded a record 40.06 million visitors in 2025, surpassing pre-pandemic levels, while births hit a new low of 2,871. flag The casino industry posted MOP247.4 billion in gross gaming revenue, exceeding forecasts and marking strong recovery, driven by mainland Chinese tourists and robust demand. flag Despite a weaker December, analysts project 2026 revenue near MOP260 billion, though the government forecasts lower growth at MOP236 billion, sparking criticism. flag Tourism surged during holidays, with record arrivals on New Year’s Day, while retail and hotel sectors remain optimistic. flag Meanwhile, Macau advanced governance and international ties, hosting major events and expanding economic diversification efforts.

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