Macau’s Statistics and Census Service has revealed the city’s gaming sector gross surplus dropped to its lowest tally since 2005 last year.<\/p>\n\n\n\n\n\n\n\n
Macau.- Authorities in Macau have revealed that the gaming sector\u2019s 2020 gross surplus dropped 87.9 per cent<\/strong> compared to pre-pandemic levels\u00a0to MOP22.13bn (US$2.76 bn).<\/p>\n\n\n\n The government also reported that 2020 \u201cgross value added\u201d, a standard of the sector\u2019s contribution to the overall economy, was down 79.6 per cent when compared to the previous year, to MOP41.85 bn, as\u00a0the city\u2019s gaming and hospitality sectors were deeply affected by the Covid-19 pandemic<\/strong>\u00a0and associated travel restrictions.<\/p>\n\n\n\n The\u00a0gaming sector\u2019s gross surplus ratio<\/strong>, which reflects its capability to convert receipts into gross surplus, was also\u00a0down by 26.1 percentage points\u00a0<\/strong>when compared to the previous year, to 36.1 per cent \u2013 a record low.<\/p>\n\n\n\n Total receipts from the nine companies involved in gaming activities, including non-casino firms engaged with lottery and sports wagering, amounted to MOP63.94bn in 2020, down 78.4 per cent year-on-year.<\/p>\n\n\n\n Receipts from gaming and related services decreased by 79.1 per cent<\/strong>\u00a0to MOP61.29bn. The figure covers receipts from bets placed by customers in gaming activities, among other items.<\/p>\n\n\n\n Total expenditure from Macau’s gaming sector in 2020 reached MOP46.42bn, down 60.6 per cent from pre-pandemic levels. <\/p>\n\n\n\n Fitch Ratings Inc<\/strong> has predicted that Macau\u2019s GGR will be 65 per cent below <\/strong>that of 2019, when the city registered MOP292.4bn (US$36.5bn) in GGR.<\/p>\n\n\n\n According to analysts, this year Macau will reach MOP102.4bn<\/strong>. For the first seven months of 2021, the city reported a total of MOP61.4bn (US$7.7bn) in GGR.<\/p>\n\n\n\n In April, analysts at Fitch Ratings Inc. said\u00a0Macau GGR could reach half of pre-Covid-19 levels<\/a>. However, the city was affected by\u00a0local cases of Covid-19<\/a>\u00a0and hundreds of cancelled flights. Despite this,\u00a0the government of Macau predicted GGR could reach MOP130bn for 2021<\/strong>, a decline of 44.5 per cent from 2019 levels.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau’s Statistics and Census Service has revealed the city’s gaming sector gross surplus dropped to its lowest tally since 2005 last year.<\/p>\n","protected":false},"author":176,"featured_media":22524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's gaming sector experienced a significant contraction in 2020, with its gross surplus declining 87.9% to MOP22.13bn and gross value added decreasing 79.6% year-on-year, primarily attributed to the COVID-19 pandemic and associated travel restrictions. Total receipts from gaming activities also fell 78.4%. For 2021, GGR forecasts from Fitch Ratings Inc. and the Macau government indicate substantial ongoing declines from 2019 levels, underscoring persistent market volatility.","focusai_entities":"Macau\u2019s Statistics and Census Service, Fitch Ratings Inc","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What are the primary drivers and potential timelines for Macau's GGR recovery, considering the divergent forecasts from Fitch Ratings and the government, alongside ongoing travel restrictions and policy shifts?"},{"label":"Concessionaire Profitability?","query":"How will the sustained decline in gross surplus and gross value added impact the long-term profitability, capital expenditure, and dividend policies of Macau's gaming concessionaires?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-22523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22523"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22523\/revisions"}],"predecessor-version":[{"id":22528,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22523\/revisions\/22528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22524"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}2021 GGR will be down 65% from pre-covid levels<\/h2>\n\n\n\n