{"id":35111,"date":"2022-11-04T12:36:25","date_gmt":"2022-11-04T15:36:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35111"},"modified":"2026-04-23T03:16:39","modified_gmt":"2026-04-23T06:16:39","slug":"macau-forecasts-ggr-of-us16-08bn-in-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-forecasts-ggr-of-us16-08bn-in-2023","title":{"rendered":"Macau forecasts GGR of US$16.08bn in 2023"},"content":{"rendered":"\n<p>The Macau government has published its budget proposal for the fiscal year 2023.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- The government of Macau has published its fiscal budget plan for 2023, predicting <strong>GGR of MOP130bn (US$16.08bn)<\/strong>. The figure matches initial estimations for the current year. However, authorities were forced to modify this year&#8217;s forecast due to the impact of new Covid-19 outbreaks both in Macau and China. <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-31-6-in-october\" target=\"_blank\">Macau\u2019s GGR<\/a>&nbsp;for the&nbsp;<strong>first ten months of 2022&nbsp;<\/strong>stands at MOP35.72bn.<\/p>\n\n\n\n<p>Authorities predict a fiscal deficit for 2023, with <strong>an aggregate income of MOP69.5bn<\/strong> excluding any withdrawals from fiscal reserves, including a near-40 per cent share of gaming revenue. Aggregate expenses for 2023 are estimated at MOP104.5bn. The government is set to include MOP35.6bn from its fiscal reserve to cover the revenue shortfall.<\/p>\n\n\n\n<p>The 2023 budget plan depends on the gradual&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/chinas-resumption-of-e-visas-to-boost-ebitda-in-macau-analysts\" target=\"_blank\">resumption of package tours from mainland China<\/a>&nbsp;and the electronic issuance of tourism permits, which would benefit the tourism and gaming sectors.<\/p>\n\n\n\n<p>The new casino concessions are also expected to help the city&#8217;s economic recovery, primarily through the licensees&#8217; <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casino-bidders-reportedly-told-to-increase-investment-in-non-gaming\" target=\"_blank\">investment in non-gaming projects<\/a>. Macau aims to issue the new licences&nbsp;by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Macau government has published its budget proposal for the fiscal year 2023.<\/p>\n","protected":false},"author":176,"featured_media":18522,"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 a GGR of MOP130bn (US$16.08bn) for fiscal year 2023, anticipating a significant fiscal deficit requiring MOP35.6bn from reserves. This forecast is contingent on the gradual resumption of package tours from mainland China and the electronic issuance of tourism permits, alongside the expected impact of new casino concessions driving non-gaming investments.","focusai_entities":"Macau government","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Forecast Achievability?","query":"Given the historical volatility and ongoing global economic headwinds, what specific regulatory and market interventions are planned to ensure the MOP130bn GGR target for 2023 is realistically achievable?"},{"label":"Non-Gaming Investment Impact?","query":"How will the new casino concessions' mandated non-gaming investments be structured and monitored to ensure they genuinely diversify Macau's economy and contribute to the projected fiscal recovery?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-35111","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\/35111","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=35111"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35111\/revisions"}],"predecessor-version":[{"id":35132,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35111\/revisions\/35132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18522"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}