<\/strong><\/em>year-on-year in the third quarter this year. While, VIP gaming revenue as a proportion of all casino GGR in the third quarter stood at 43.9%.<\/p>\n\n\n\nThe aggregate of Macau casino GGR for the nine months to September 30 stood at \u20ac24,4 billion, a difference of 1.7% year-on-year, comparing with what the government had confirmed on October 1.<\/p>\n\n\n\n
Macau\u2019s GDP increased by 4.7%\nyear-on-year in real terms last year, according to the city\u2019s Statistics and\nCensus Service. <\/p>\n\n\n\n
Finally, and according to the\nIMF, Macau\u2019s economic growth begun moderating in the second half of 2018, as\ninvestment weakened and custom from free-spending visitors declined as a result\nof the deleveraging effort in mainland China and the trade row between the U.S.\nand the mainland.<\/p>\n","protected":false},"excerpt":{"rendered":"
The International Monetary Fund (IMF) expects Macau\u2019s GDP to fall by 1.3% this year and by 1.1% in 2020.<\/p>\n","protected":false},"author":133,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The International Monetary Fund (IMF) has significantly downgraded Macau's GDP forecast, now predicting a contraction of 1.3% in 2019 and 1.1% in 2020, a stark reversal from earlier growth projections. This revision is attributed to a substantial 22.5% year-on-year decline in VIP gross gaming revenue (GGR) in Q3, broader deleveraging efforts in mainland China, and the ongoing U.S.-China trade dispute, impacting visitor spending.","focusai_entities":"International Monetary Fund, IMF","focusai_location":"Macau, China, U.S.","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What are the revised GGR projections for Macau's mass market and VIP segments for the next 12-24 months, considering the IMF's updated GDP forecasts and ongoing macroeconomic pressures?"},{"label":"Operator Strategy Shift?","query":"How are major Macau concessionaires adjusting their capital expenditure plans, operational efficiencies, and market diversification strategies in response to the sustained decline in VIP GGR and the broader economic slowdown?"}],"footnotes":""},"categories":[160,16338,163],"tags":[470],"class_list":["post-344","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-japan"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/344","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\/133"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=344"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/344\/revisions"}],"predecessor-version":[{"id":777018431,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/344\/revisions\/777018431"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}