Peso do non-gaming
,ay25
MOP30 billion generated from non-gaming initiatives in 2023
The non-gaming investment plans for 2023 by the city’s six gaming concessionaires generated over MOP30 billion in gross production value for Macau’s economy, according to Secretary for Economy and Finance Anton Tai Kin Ip.
In a plenary session of the Legislative Assembly (AL) yesterday, lawmaker Ron Lam presented an oral inquiry urging the government to strengthen supervision of non-gaming investment plans by gaming concessionaires and implement robust employee protection measures for their workforce.
In response, the Secretary emphasized that the government has consistently maintained clear mechanisms for monitoring both the pre-implementation and post-implementation phases. “The [gaming concession] contract terms also require approved companies to submit detailed annual project implementation reports to the government, which must include information on the specific implementation status, amounts invested, timelines, and outcomes,” he said.
While acknowledging that the government has engaged independent institutions for external audits, Tai did not directly address the specifics of the annual investment plans of the six gaming concessionaires.
may25 TALENTOS
Lawmaker Zheng Anting has called on the government to enhance its policies, particularly in talent acquisition and retention, to promote the adequate diversification of the local economy.
Zheng’s call was made during a Legislative Assembly session yesterday, which included a Q&A session with the government on several matters.
For Zheng, “talent is the cornerstone of development and social progress,” and to achieve the goal of economic diversification, “it is necessary to rely on the joint efforts of talent pools from different sectors and specializations, to provide solid support for local economic reconversion and long-term development,” he said.
To improve the results of previous policies aimed at recruiting talent from abroad and promoting the return of residents studying or working overseas, the lawmaker wants the government to optimize the talent database, ensuring that the data is up-to-date and accurate.
Concurrently, he also called for a periodic evaluation mechanism to assess the effectiveness of the current talent policy and to serve as a reference for adjusting and optimizing it according to the actual situation.
In response, the Secretary for Social Affairs and Culture, O Lam, said that to encourage the return of qualified staff, the government has established a “Qualified Staff Information Registry” system that is used to gather information on local qualified staff who are abroad and to strengthen contact with them with a view to their return.
The Secretary noted that to obtain more accurate and updated information, the Talent Development Committee (CDQQ) utilizes the Macao One Account to track these individuals and collect relevant data.
Despite the responses provided, no measures or policies were mentioned on how to effectively attract qualified staff to work in Macau.
Responding to the matter of evaluating the effectiveness of the qualified staff policy, O Lam noted, “According to legal provisions, the first legislative review will take place four years after the policy enters into force, with a regular review to be carried out every four years thereafter.”
She also added that after the conclusion of each edition of the Qualified Staff Recruitment Programs, the CDQQ “verifies their implementation status and effectiveness, making adjustments with each new edition.”
She remarked that regarding recruitment, the principle of “accurately recruiting, retaining, and making good use of qualified staff” will be applied, taking into account the development strategies and distribution of industries in the country and Macau, providing complementary services to support the recruitment of qualified staff, enhancing the overall effectiveness of recruitment and creating a place for the aggregation of outstanding international qualified staff.
The Secretary also claimed that the Education and Youth Development Bureau (DSEDJ) has been studying the local market’s needs and has been trying to guide local students on which careers are likely to have higher professional demand.
She stated that DSEDJ will collaborate with the Labour Affairs Bureau to promote a guidebook to help students find jobs and better choose their career paths.
Still, several lawmakers noted that it is precisely those who are more qualified and have completed their university studies who are having the most difficulty finding their place in the job market.
In response, O Lam again did not provide any insight into potential new policies from the government, remarking only that the government “also promotes the professional development of young people by expanding the coverage and number of vacancies of companies or institutions participating in the ‘Macao Youth Professional Development Plan,’” and also “encourages residents to obtain recognized accreditations from national or international institutions to strengthen their professional skills and promote their professional advancement.”
She added that the government will also create conditions and provide support for young physicians, retired elite athletes, and teachers for their promotion and retraining.
Regarding policies aimed at the younger generation, Kong Chi Meng, director of DSEDJ, stated that the number of vacancies for internships for local students in the mainland will be increased to 520, with the goal of training and preparing local students to work within the Greater Bay Area.
abr25
The Macau government would like to see a shift of emphasis on the concession-related non-gaming investment efforts of the city’s six casino operators, so the companies avoid “working on similar areas”. That is according to commentary from Wilfred Wong Ying Wai (pictured in a file photo), executive vice chairman of one of the operators, Sands China Ltd.
He was speaking on Wednesday, on the call to discuss the first-quarter earnings announcement of the parent, Las Vegas Sands Corp.
Mr Wong stated, referring to the current Macau government that took office in December : “I think the new administration now has had time to look at the overall picture of the non-gaming development.”
He added, referring to the industry as a whole: ‘As long as we maintain our total commitment they are looking to us to specialise in areas where we each do best because… they feel that maybe it’s better that, rather than six of us or working on similar areas.”
The city’s six casino operators initially pledged to commit collectively MOP108.7 billion (US$13.5 billion) to non-gaming investment as a condition of their 10-year gaming concessions, which began in January 2023.
Subsequently, that amount increased by 20 percent after Macau’s market-wide casino gross gaming revenue surpassed a predetermined threshold of MOP180 billion in full-year 2023.
“There will be opportunities for us to discuss with the government how we do best in some of the areas,” said Mr Wong on Wednesday’s call, in response to an analyst’s question on the Macau government’s policy view on non-gaming development.
Under its own enhanced non-gaming concession commitment, Sands China is to invest an additional MOP5.56 billion, taking its concession-related pledge on non-gaming to MOP33.36 billion. When a further concession pledge on gaming-business investment is factored, the company’s total investment pledge to the government for its current concession, is MOP35.8 billion.
https://www.ggrasia.com/macau-wants-casino-ops-to-play-to-their-individual-strengths-with-non-gaming-sands-wong?utm_source=rss&utm_medium=rss&utm_campaign=macau-wants-casino-ops-to-play-to-their-individual-strengths-with-non-gaming-sands-wong
ab25
non-gaming
The post-pandemic recovery of Macau in regards to tourism and gaming has seen a slowdown, and expectations for financial revenue for the current year are not as optimistic as before, warned Macau’s Chief Executive in his first Policy Address.
On Monday, Sam Hou Fai noted that Macau has a micro-economy that is strongly outward-facing and is not immune to the current problems of unilateralism and protectionism occurring in global markets.
The top official says that Macau cannot underestimate the eventual threats and challenges and should be conscious of risks and be on alert to be prepared for any potential threats.
While most of his address was focused on social welfare issues, infrastructure, public administration, growth, education and other factors, the official did underline the importance of the tourism and leisure sector for Macau.
Diversification
In particular focus was the diversification of Macau’s economy, including the 1 + 4 idea, with tourism and gaming making up the primary contributor, supported by other nascent industries.
This includes the adequate investment in non-gaming elements, with the official making specific mention that the government would improve oversight of gaming operators to ensure that they are complying with the specifics set out within their gaming concession contracts.
Aside from current projects, the Chief Executive indicated authorities should orient the concessionaires to invest more resources in industrial projects in Macau and Hengqin, establish evaluative indicators of the efficiency of non-gaming investments, and periodically review the overall situation of their compliance with their concession contracts.
Working together
While the government’s non-gaming focus in regards to gaming operators under the previous administration was to largely require these operators to assume the mantle of Macau’s diversification efforts, the new Chief Executive also indicated that Macau is partnering with the concessionaires in attracting more foreign tourists.
The official highlighted that in order to improve Macau’s standing as an international tourism and leisure center, it would be actively exploring the markets of Northeast Asia Southeast Asia, South Asia and South America. The official noted that economic, commercial, touristic, and cultural delegations of Macau have been created in Southeast and Northeast Asia, and together with the gaming concessionaires they are reinforcing the promotion of Macau to international markets.
This includes expanding flights from the Macau International Airport to regions which do not have direct links to Macau via other regional hubs. In addition, the government plans to continue promotional tourist offerings for foreign visitors via airplane ticket discounts and cross-border transport benefits.
https://agbrief.com/news/macau/14/04/2025/macau-ce-urges-gaming-operators-to-up-investments-in-non-gaming-diversification-in-first-policy-address/
abr25
Gov’t ensures rigorous oversight of casino operators’ non-gaming investments
The Secretary for Economy and Finance, Tai Kin Ip, emphasized during a recent meeting at the Legislative Assembly that the government will continue to oversee operators’ compliance with their contractual obligations, including the execution of non-gaming investments.
These investments are a key component of the new 10-year concessions granted to the city’s six casino operators, which began in January 2023.
As part of the agreements, the casino firms pledged substantial investments to diversify Macau’s economy, focusing on non-gaming sectors such as tourism, entertainment, and cultural initiatives.
According to the contracts, each operator is required to submit detailed annual execution proposals outlining the planned projects, funding allocations, and timelines.
For Tai, it is the government’s role to ensure that these non-gaming investments are progressing as agreed and that operators are fulfilling their promises.
He also noted that an in-depth review of each operator’s performance would be conducted every three years.
Lawmakers at the meeting raised concerns about the pace of these investments, prompting the Secretary to stress that the government would provide rigorous oversight to ensure compliance with the terms of the contracts.
The total non-gaming investment pledged by the operators amounts to MOP108.7 billion. However, this figure has since been increased by 20%, following the positive performance of Macau’s gaming revenue in 2023, which exceeded the projected MOP180 billion mark.
Each casino operator is now required to submit an annual report detailing the specific projects planned for the year ahead.
These proposals must be submitted at least three months before the start of the new calendar year. The government will also require progress reports every two months, and operators are expected to submit a report on the execution of the previous year’s proposal by March 31 each year.
Reports submitted by the casino operators have not been made public.
https://macaudailytimes.com.mo/govt-ensures-rigorous-oversight-of-casino-operators-non-gaming-investments.html
mar25
The Macau government continues to monitor the city’s casino operators’ implementation of non-gaming investments to ensure compliance with contractual obligations. The comments were made by the Secretary for Economy and Finance, Tai Kin Ip (pictured in a file photo), on Friday during a meeting of the city’s Legislative Assembly.
He noted that, as per the existing concession contracts with each of the operators, each firm will be subject to an in-depth review of its operations and compliance with contractual obligations every three years, including an assessment of the fulfilment of their non-gaming investment plan pledge.
Mr Tai’s portfolio includes supervision of Macau’s casino industry.
During the Legislative Assembly meeting, lawmakers raised concerns over the progress of non-gaming investment plans by casino operators. In response, Mr Tai affirmed the government’s commitment to rigorous oversight.
The expansion of non-gaming offerings by Macau’s six casino operators was an important part of their pledge to the local government before being issued fresh 10-year concessions.
The city’s six casino operators initially pledged to commit collectively MOP108.7 billion (
https://www.ggrasia.com/macau-govt-monitoring-non-gaming-spend-by-casino-operators-finance-secretary?utm_source=rss&utm_medium=rss&utm_campaign=macau-govt-monitoring-non-gaming-spend-by-casino-operators-finance-secretary
nov24
Non-gaming industries accounted for over 60 per cent of the combined gross value added (GVA) in 2023, the latest figures from the Statistics and Census Service show.
Industries that are not related to casinos saw their GVA go up to MOP220.7 billion (US$27.4 billion), up 20.7 per cent from the previous year.
The gaming sector rebounded to 38.3 per cent – up 23.5 percentage points.
Compared to 2019, there was an increase of 12.9 percentage points, accounting for 61.7 per cent of the total pie.
The GVA of the service sector surged by 76.4 per cent year-on-year in real terms – propelled by an increase of 395 per cent in visitor arrivals.
This lifted its importance to 94.4 per cent of the industrial structure.
In terms of the secondary sector, its GVA rose 6.8 per cent in real terms but its relative importance dropped to 5.6 per cent, the service says.
The service says that the overall GVA of all economic activities combined expanded by 70 per cent year-on-year – thanks to the resumption of economic activities.
Gaming alone was up 354.8 per cent, while hotel-associated activities were up 88 per cent.
Restaurants’ activities were up 112.5 per cent, while wholesale and retail registered an increase of 79.4 per cent.
The construction sector saw the lowest increase at 1.6 per cent.
Taxes on production and imports rose 270.9 per cent to MOP 80.3 billion, accounting for 22.4 per cent of gross domestic product.
https://www.macaubusiness.com/non-gaming-contributes-over-60-pct-of-2023-gross-value-added/
nov24
Non-gaming visitor spending has climbed 8 percent year-on-year
- Performance and sporting event attendees each spent an average of 5,211 patacas during the first three quarters of the year – 140 percent more than the average visitor
- Total spending came in at 56.21 billion patacas for the period, and at 18.4 billion patacas for the third quarter alone
set24
Entre Janeiro e Agosto, a Administração já recebeu perto de 58,8 mil milhões de patacas em receitas fiscais provenientes das concessões de jogo. Os dados publicados no site da Direcção dos Serviços de Finanças mostram que as receitas fiscais totais foram, nos primeiros oito meses do ano, de 69,8 mil milhões, o que demonstra que o sector do jogo tem um peso de 84%.
https://pontofinal-macau.com/2024/09/26/jogo-tem-peso-de-84-nas-receitas-fiscais/
AGOST24
Os visitantes que chegam a Macau estão a gastar cada vez mais dinheiro em produtos não-jogo, afirmou ontem o secretário para a Economia e Finanças. Segundo Lei Wai Nong, no primeiro trimestre deste ano registou-se um gasto recorde de 32,5 mil milhões de patacas em elementos não-jogo. O secretário adiantou ontem, na reunião plenária da Assembleia Legislativa, que o Governo vai lançar novas medidas de promoção do consumo nas zonas comunitárias a partir do quarto trimestre do ano.
https://pontofinal-macau.com/2024/08/09/gasto-dos-visitantes-em-produtos-nao-jogo-bate-recorde-diz-lei-wai-nong/
jun24
Although some research shows that the willingness of Chinese tourists to spend in Macau remains high, recent market changes signal a potential decline in consumption.
The expansion of non-gaming facilities surrounding casinos has faced some headwinds recently. Hidden risks are emerging, highlighted by news that Macau’s leading luxury retailer, DFS, has implemented voluntary unpaid leave for all employees during the summer season, which is typically characterized by high seasonality.
The retailer in question has reportedly experienced a 40 percent drop in sales revenue this year compared to the same period last year, a trend that starkly contrasts the ongoing recovery in visitor arrivals this year.
Looking at the official data, Macau received nearly 14.2 million visitor arrivals from January to May this year, up 50.2 percent year-on-year. In May alone, Macau visitor arrivals rose 21.6 percent year-on-year to just over 2.69 million, with the city’s gross gaming revenue (GGR) reaching MOP20.19 billion ($2.51 billion), the best monthly performance since January 2020.
https://agbrief.com/news/macau/30/06/2024/chinas-economic-slowdown-creates-turbulence-for-macaus-non-gaming-sector/?utm_source=Asia%20Gaming%20Brief&utm_campaign=f4d7dc2269-AGB%3A%20%2301931.1%20Monday%2C%2001st%20July%2C%202024-GGR&utm_medium=email&utm_term=0_51950b5d21-f4d7dc2269-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A%20%2301931.1%20Monday%2C%2001st%20July%2C%202024-GGR%29&goal=0_51950b5d21-f4d7dc2269-%5BLIST_EMAIL_ID%5D&mc_cid=f4d7dc2269&mc_eid=31e20475e6
jun24 (15% em 24)
Macau’s diversification efforts appear to be showing some positive impact, with Macau’s non-gaming sectors seen contributing around 15% of concessionaire revenues in 2024.
According to a note by Seaport Research Partners analyst Vitaly Umansky, Macau GGR should rise to US$28.7 billion this year, up 26.1% year-on-year, while non-gaming is tipped to rise to US$4.9 billion, up 17.7% year-on-year. This would see non-gaming equate to 15% of all revenues, boosted by concessionaire spending on non-gaming initiatives as mandated under their current 10-year concession contracts.
“In 2025, we forecast GGR to rise to US$31.8 billion and non-gaming to rise to US$5.3 billion,” Umansky added, suggesting the contribution of non-gaming will slip slightly to around 14%.
“Property EBITDA for the industry is forecasted to rise 24.8% and 15.5% year-on-year in 2024 and 2025, respectively.”
https://www.asgam.com/index.php/2024/06/26/seaport-non-gaming-to-contribute-15-of-macau-concessionaire-revenues-in-2024/
may24
Visitors to Macau spent an aggregate of just under MOP20.35 billion (US$2.53 billion), excluding gaming expenses, in the first quarter of 2024, up 35.9 percent year-on-year. That is according to the latest visitor expenditure survey released on Monday by the city’s Statistics and Census Service. The figure was up 20.2 percent compared with first-quarter 2019, the immediate trading year before Covid-19.
Per capita spending of visitors during the period stood at MOP2,293, a decline of 24.3 percent from the prior-year period.
Macau saw nearly 8.88 million visitors in the three months to March 31, up 79.4 percent from a year earlier, show official data.
Overnight visitors to Macau spent around four times as much on aggregate during the first quarter than same-day tourists, the city’s Statistics and Census Service said on Monday. According to the data, overnight visitors to Macau spent an aggregate of MOP16.43 billion in the reporting period, a 33.1-percent increase year-on-year.
https://www.ggrasia.com/macau-visitor-non-gaming-spend-in-1q-hits-us2-5bln/
may24
Chief Executive (CE) Ho Iat Seng said on Sunday that the gaming industry accounted for 36.2 per cent of the SAR’s gross domestic product (GDP) in 2023, within the economic diversification targets set by the government.
The head of government was speaking at a press conference where he summarised the 7-day visit of the top Beijing official in charge of Macau and Hong Kong affairs, which concluded on Sunday.
Ho indicated that while the gross added value of the gaming industry is set to increase in 2024, the aim is to ensure it does not exceed 40 per cent, in line with the 2024-2028 economic diversification blueprint unveiled last November.
“While the GDP will continue to increase, we hope to keep this share [gaming industry] at around 40 per cent, with non-gaming activities taking 60 per cent,” the Chief Executive said.
https://www.macaubusiness.com/gaming-share-of-gdp-reached-36-2-pct-in-2023-ce/
jan24
Brokerage firm Citigroup said that player demand had remained robust in Macau, as indicated by an increase in premium mass baccarat tables across the city in January.
In a recent report, analysts George Choi and Ryan Cheung noted that at least 98 premium mass baccarat tables were added to Macau casinos this month, while the total wager observed showed a significant month-on-month increase of 26 per cent to HKD11.5 million (MOP11.8 million/ US$1.4 million).
Among the recently added baccarat tables, 55 were located at the newly opened Oilong Club at Studio City’s Epic Tower and Galaxy Macau’s Pavilion South, while an additional 43 premium mass tables were introduced to other casinos.
The analysts highlighted that players’ passion for gaming did not seem to be impacted by the current state of the Chinese economy.
https://www.macaubusiness.com/647198-2/
jan24
Das receitas totais angariadas pelas concessionárias em 2022, o peso das receitas das actividades não jogo subiu 12 pontos percentuais face ao ano de 2019, atingindo 22,41% do total, com um valor de 12,16 mil milhões de patacas. Alinhadas com as políticas do Governo sobre a diversificação económica e devido aos impactos epidémicos, o peso das receitas do jogo tem vindo a diminuir entre as concessionárias. Um relatório dos Serviços de Estatística e Censos revelou ainda que o peso da indústria do jogo na estrutura sectorial diminuiu e foi ultrapassado no ano anterior, pela primeira vez, pelo peso das actividades financeiras e imobiliárias.
https://pontofinal-macau.com/2024/01/15/peso-das-receitas-de-actividades-nao-jogo-subiu-para-22-no-negocio-das-concessionarias-em-2022/
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