{"id":24229,"date":"2021-11-04T11:39:35","date_gmt":"2021-11-04T14:39:35","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24229"},"modified":"2026-04-23T14:08:32","modified_gmt":"2026-04-23T17:08:32","slug":"macau-predicts-ggr-of-us16-2bn-for-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-predicts-ggr-of-us16-2bn-for-2022","title":{"rendered":"Macau predicts GGR of US$16.2bn for 2022"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Authorities in Macau have revealed that they expect GGR to reach MOP130bn for 2022, a figure similar to what is expected for this year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- Preparing next year&#8217;s fiscal budget plan, the government of Macau has predicted that<strong>\u00a0GGR for 2022 will be MOP130bn (US$16.2bn)<\/strong>, half that seen before the Covid-19 pandemic. Authorities forecast that the <strong>city will continue run a fiscal deficit\u00a0<\/strong>and will face &#8220;great uncertainty&#8221; amid the continuing impact of the pandemic. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the budget plan, the government estimates that\u00a0<strong>gaming tax income will reach MOP45.5bn in 2022<\/strong>. The government said it will use the city&#8217;s accumulated fiscal reserves to support expenditure on social welfare and public infrastructure projects.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In July, Lei Wai Nong, Macau\u2019s secretary for economy and finance, said that the government is sticking to its forecast that\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-maintains-forecast-of-us16-2bn-in-ggr-for-2021\">casino gross gaming revenue<\/a>\u00a0for 2021\u00a0<strong>will reach MOP130bn (US$16.28bn)<\/strong>\u00a0\u2013 44.5 per cent of 2019\u2032s MOP292.5bn. That\u2019s despite the fact that\u00a0<strong>GGR for the first half was MOP49bn<\/strong>, nearly 25 per cent less than authorities expected.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Gaming Inspection and Coordination Bureau (DICJ)\u00a0<\/strong>has recently<strong>\u00a0<\/strong>reported that Macau\u2019s GGR for\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-26-for-q3\">Q3 was down 26 per cent quarter-on-quarter<\/a>, at MOP$18.76bn (US$2.34bn), and analysts predict the current quarter will be worse. Analysts at Bloomberg say the poor numbers during the\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-golden-week-visitors-down-93\">October Golden Week holiday<\/a>\u00a0are likely to continue in Q4.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Macau: November GGR may reach just 30% of 2019 levels<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts predict that<strong>&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-november-ggr-may-reach-just-30-of-2019-levels\" rel=\"noreferrer noopener\">Macau\u2019s GGR<\/a>&nbsp;will remain low in November. Morgan Stanley Asia Ltd forecasts that November GGR will be up&nbsp;<strong>57 per cent month-on-month<\/strong>&nbsp;from MOP4.37bn (US$544m) to MOP6.9bn (US$860.9m) but down 30 per cent when compared to November 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts said&nbsp;<strong>November\u2019s figure will remain low<\/strong>&nbsp;mainly due to a recent&nbsp;<strong>Covid-19 outbreak in mainland China,&nbsp;<\/strong>which could spread to the neighbouring province of Guangdong. Sanford C. Bernstein Ltd also forecasts that&nbsp;<strong>November GGR may be down 60 per cent&nbsp;<\/strong>when compared to pre-pandemic levels. It doesn\u2019t believe travel restrictions will be eased until next year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Authorities in Macau have revealed that they expect GGR to reach MOP130bn for 2022, a figure similar to what is expected for this year.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 government projects MOP130bn GGR for 2022, mirroring 2021's forecast and representing half of pre-pandemic levels, leading to an anticipated fiscal deficit. Ongoing COVID-19 outbreaks and travel restrictions are severely impacting Q3 and Q4 GGR, with analysts forecasting continued low performance into November. The city plans to utilize fiscal reserves to support public expenditure amidst this economic uncertainty.","focusai_entities":"Macau government, Lei Wai Nong, Gaming Inspection and Coordination Bureau (DICJ), Bloomberg, Morgan Stanley Asia Ltd, Sanford C. Bernstein Ltd","focusai_location":"Macau, China, Guangdong","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Fiscal Outlook","query":"Beyond the stated MOP130bn GGR forecast for 2022, what specific fiscal policy adjustments or economic diversification initiatives are being prioritized by the Macau government to mitigate the sustained reliance on gaming tax revenue and address the projected deficit?"},{"label":"Concessionaire Performance","query":"Considering the Q3 GGR decline and bleak Q4 outlook, how are Macau's integrated resort operators recalibrating their non-gaming revenue strategies and cost structures to maintain profitability amidst prolonged travel restrictions and reduced visitation?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-24229","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24229","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=24229"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24229\/revisions"}],"predecessor-version":[{"id":24239,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24229\/revisions\/24239"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}