If Macau’s annual GGR reached or exceeded MOP180 billion...

Nov24 

Gov’t predicts MOP240 bln in 2025 gross gaming revenue

Macau’s government has forecast a total of MOP240 billion (US$29.7 billion) in gross gaming revenue for 2025, compared to MOP216 billion budgeted for the current year.

According to the fiscal budget for next year presented to the Legislative Assembly, the authorities are looking to receive MOP121 billion in revenue next year, with expenditure expected to hit MOP113.38 billion – up about 7 per cent year on year.

This will result in a surplus of MOP7.7 billion.

Meanwhile, the government-initiated programme known as PIDDA is to cost about MOP19.78 billion.

A higher GGR is expected to be achievable due to increased visitation amidst a transition in tourism and consumption modes, the budget says.

There is an expected rise of 13 per cent from the initial budget for 2024.

https://www.macaubusiness.com/govt-predicts-mop240-bln-in-2025-gross-gaming-revenue/

jun24 88.0 percent of the city’s pre-pandemic 2019 GGR

Macau is likely to see circa 28 percent year-on-year growth in casino gross gaming revenue (GGR) this year, and 10 percent growth in 2025, says a Thursday update from Fitch Ratings Inc.

Using its 2024 estimate as a basis – a figure Fitch maintains from an assessment it issued in the first quarter – would put Macau 2025 GGR at around MOP258.00 billion (US$32.08 billion).

That would be about 88.0 percent of the city’s pre-pandemic 2019 GGR, which stood at just under MOP292.46 billion, according to data from Macau’s regulator, the Gaming Inspection and Coordination Bureau.

In March, Fitch had said it was likely Macau’s 2024 GGR would recover to circa 80 percent of the pre-pandemic trading year of 2019.

https://www.ggrasia.com/macau-2025-ggr-to-be-88pct-of-pre-covid-says-fitch/

 jan24

Macau recorded gross gaming revenue of MOP$183.1 billion (US$22.7 billion) in 2023, representing a 334% year-on-year increase and marking a phenomenal recovery since borders reopened for the first time in almost three years in January.

The FY23 result comes on the back of a strong finish to the year, with December seeing GGR of MOP$18.57 billion (US$2.30 billion) – up 433% year-on-year and 15.7% higher than November, making it the second highest revenue month of the year after October. It also means gaming revenues have rebounded back to 62.6% of 2019 levels, when GGR reached MOP$292.5 billion (US$36.3 billion).

However, the fact that FY23 has come in above MOP$180 billion is significant for the city’s concessionaires: as reported by Inside Asian Gaming, the new 10-year gaming concessions signed by all six operators in December 2022 included a stipulation that their non-gaming investment commitments will increase by 20% should Macau-wide GGR exceed MOP$180 billion in any of the first five years of the new concession period, meaning any year from 2023 to 2027 inclusive.

In the end this “trigger event” was achieved in the very first year of the new concessions.

https://www.asgam.com/index.php/2024/01/01/macau-ggr-hits-mop183-1-billion-in-2023-triggering-mandatory-20-increase-in-concessionaire-non-gaming-investments/

Dez23

The head of Macau’s government, Ho Iat Seng (pictured), said on Wednesday that city-wide casino gross gaming revenue (GGR) for full-year 2023 was likely to exceed MOP180 billion (US$22.39 billion).

Under the new concession contracts with the city’s six operators, that came into place last January, if Macau’s annual GGR reached or exceeded MOP180 billion, the casino firms would have to increase their collective MOP108.7 billion non-gaming and overseas-marketing spending pledges by up to 20 percent.

On the sidelines of a reception to celebrate the 24th anniversary of the Macau Special Administrative Region, the city’s Chief Executive (CE) Mr Ho said GGR had reached over MOP160 billion by November, surpassing the government’s initial expectation of MOP130 billion.

It was anticipated that full-year revenue would exceed MOP180 billion, he added, as quoted in a government press release.

https://www.ggrasia.com/macau-2023-ggr-to-hit-extra-non-gaming-spend-trigger-ce/