Macau enjoys an increase in gambling investments despite a year of flat revenues.
Macau.- According to Macau’s Statistics and Census Service (DSEC) report, inward direct investments reached €2,12 billion last year. Direct investments refer to money that comes into the city from outside entities.
The total amount of inward investments for last year was approximately €3 billion – representing a 7 times increase, from a year earlier (€390,57 million).
Gaming, is the biggest contributor to Macau’s economy when analysing all sectors, capturing 70.8% of the entire investment amount.
Furthermore, the income from those investments reached €8 billion, a year-on-year increase of 18.8%. Of that, income from investments in the gaming sector jumped 15% year-on-year.
Despite these favorable numbers, gaming revenue in Macau has been relatively flat this year, compared to what was initially expected. Other types of inward investments didn’t see any growth. The real estate development sector saw a decline of 8% and the retail sector had a drop of 6.6%.
Inward investments weren’t the only type that increased last year; outward direct investments by Macau entities reached €246,33 million, an increase of 22.3% from the 2017 figure. All and all, gaming entities invested around €114,28 million which represents about half of that total amount.