Macau chief executive predicts 180 billion in gross gaming revenue for 2023

Macau’s chief executive said the city’s gaming gross revenue will reach or exceed 180 billion patacas (Rmb2.05 trillion) in 2023. This is about 50 billion patacas (Rmb568.7 billion) more than the government had previously expected.

The official made the assessment while talking to the media after celebrating the 20th Special Administrative Region Formation Day. He said the gross gaming revenue including the November results reached 160 billion patacas (Br1.82 trillion). According to official data from the Gambling Supervision Organization (DICJ), the figure is even higher. In the first 11 months of the year, the total gross gaming revenue amounted to 164, South-East and North-East Asia was satisfactory. At the same time, the volume of tourist flow from Europe and America still accounted for less than 10% of the total visits.

January 1, 2023, the government signed new ten-year contracts with local casino operators. These include the active participation of the gambling industry in attracting more foreigners and the renovation of a number of urban areas. The government’s goal is to reach again the tourist flow figure recorded in 2019. At that time it amounted to a post


Posted

in

by

Tags:

Comments

Leave a Reply