in September<\/a>.<\/p>\n\n\n\nLottery ticket sales supporting the welfare system dipped 12.7 per cent from a year ago to CNY10.99bn. Lottery tickets for sports rose by 11.4 per cent year-on-year to CNY18.73bn. Total sales stand at CNY310.96bn for the first 10 months of 2022, an increase of 1 per cent over last year.<\/p>\n\n\n\n
Macau budgets US$80.7m to expand sources of tourism in 2023<\/h2>\n\n\n\n
Macau\u2019s secretary for economy and finance, Li Weinong<\/strong>, has revealed that the Macau government has allocated MOP650m<\/strong> (US$80.7m) to \u201cexpand tourism resources\u201d in 2023. The money will be used to fund incentives such as discounts on air tickets and hotel accommodation. <\/p>\n\n\n\nThe aim is to revive the local economy and attract more tourists. The Macau government has been implementing consumption incentives in the form of subsidies to encourage mainland Chinese tourists to visit Macau<\/strong>. With the support of Chinese online brands, the initiative has included discounts on air tickets and hotel stays.<\/p>\n","protected":false},"excerpt":{"rendered":"According to the Ministry of Finance, China’s lottery ticket sales reached CNY29.72bn (US$4.21bn) in October.<\/p>\n","protected":false},"author":176,"featured_media":9837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"China's Ministry of Finance reported October lottery sales of CNY29.72bn, marking a 1.1% year-on-year increase, primarily driven by robust growth in sports lottery despite a decline in welfare lottery. Concurrently, Macau's Secretary for Economy and Finance, Li Weinong, announced a MOP650m (US$80.7m) budget for 2023, earmarked for tourism resource expansion and incentives to stimulate the local economy and attract mainland Chinese visitors.","focusai_entities":"Ministry of Finance, Li Weinong","focusai_location":"China, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.75), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Impact","query":"What is the projected GGR uplift for Macau's integrated resort operators in 2023, attributable to the MOP650m tourism stimulus package and its specific incentive mechanisms?"},{"label":"China Lottery Vertical Analysis","query":"How do the year-on-year growth differentials between China's sports lottery and welfare lottery verticals reflect evolving consumer preferences or regulatory adjustments within the state-controlled gaming sector?"}],"footnotes":""},"categories":[16338,163],"tags":[3573],"class_list":["post-777000703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-lottery"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000703","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=777000703"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000703\/revisions"}],"predecessor-version":[{"id":777000735,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000703\/revisions\/777000735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9837"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777000703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777000703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777000703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}