{"id":777001249,"date":"2023-01-02T08:34:54","date_gmt":"2023-01-02T11:34:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777001249"},"modified":"2026-04-23T01:51:53","modified_gmt":"2026-04-23T04:51:53","slug":"macau-gaming-revenue-down-51-in-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-revenue-down-51-in-2022","title":{"rendered":"Macau gaming revenue down 51% in 2022"},"content":{"rendered":"\n

Macau\u2019s gross gaming revenue was US$5.25bn for the full year.<\/p>\n\n\n\n\n\n\n\n

Macau.- According to data released by the Gaming Inspection and Coordination Bureau (DICJ)<\/strong>, Macau\u2019s casinos reported MOP3.48bn (US$433n) in gross gaming revenue in December, down by 56.3 per cent year-on-year but up 16 per cent from the previous month<\/a>.<\/p>\n\n\n\n

For full-year 2022, Macau\u2019s casino GGR decreased by 51.4 per cent<\/strong> compared with 2021 to MOP42.19bn (US$5.25bn). That’s just 14 per cent of pre-pandemic 2019 and the lowest yearly figure since 2004.<\/p>\n\n\n\n

See also:<\/strong> Macau casinos to increase non-gaming investment if GGR reaches US$22.45bn<\/a><\/p>\n\n\n\n

Macau to reach 95% of pre-pandemic levels in 2024 \u2013 JP Morgan<\/h2>\n\n\n\n

DS Kim<\/strong>, an analyst with JP Morgan<\/strong>, has predicted that Macau\u2019s gaming industry could reach 95 per cent of pre-pandemic levels in two years\u2019 time. Kim says the recovery will be driven by pent-up demand from an expanding mass market.<\/p>\n\n\n\n

DS Kim cited two reasons for the optimistic outlook: Macau\u2019s policy allowing the government to lower taxes <\/strong>by up to 5 percentage points for operators that attract more foreign tourists and an increase in the market-wide cap on gaming tables<\/strong> to 6,000 from January (around 4,000 tables were directly operated by casinos in 2019).<\/p>\n\n\n\n

See also:<\/strong> Only 11 satellite casinos will remain in Macau from January 1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Macau\u2019s gross gaming revenue was US$5.25bn for the full year.<\/p>\n","protected":false},"author":226,"featured_media":26764,"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 Gross Gaming Revenue (GGR) for December 2022 reached US$433 million, marking a 56.3% year-on-year decline but a 16% month-on-month increase. The full-year 2022 GGR was US$5.25 billion, down 51.4% from 2021 and representing only 14% of pre-pandemic 2019 levels, the lowest since 2004. JP Morgan forecasts a recovery to 95% of pre-pandemic GGR by 2024, driven by mass market demand, tax incentives for foreign tourists, and an increased gaming table cap.","focusai_entities":"Gaming Inspection and Coordination Bureau (DICJ), JP Morgan, DS Kim","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Drivers?","query":"What specific policy adjustments and market dynamics are projected to drive Macau's GGR recovery to 95% of pre-pandemic levels by 2024, and how might these impact operator profitability?"},{"label":"Impact of Table Cap?","query":"How will the increase in the market-wide gaming table cap to 6,000 from January, coupled with the reduction in satellite casinos, reshape the competitive landscape and operational strategies for Macau's concessionaires?"}],"footnotes":""},"categories":[16338,163],"tags":[257,23906],"class_list":["post-777001249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001249","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777001249"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001249\/revisions"}],"predecessor-version":[{"id":777001252,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001249\/revisions\/777001252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26764"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777001249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}