{"id":777008832,"date":"2023-08-31T06:55:55","date_gmt":"2023-08-31T09:55:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008832"},"modified":"2026-04-22T18:30:26","modified_gmt":"2026-04-22T21:30:26","slug":"macau-casino-revenue-could-reach-us24-9bn-in-2024-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-revenue-could-reach-us24-9bn-in-2024-analysts-say","title":{"rendered":"Macau casino revenue could reach US$24.9bn in 2024, analysts say"},"content":{"rendered":"\n<p>The forecast was made at an academic forum held by the Centre for Macau Studies.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Gaming researcher <strong>Davis Fong Ka Chio <\/strong>has predicted that Macau&#8217;s aggregate casino revenue for 2024 has the potential to reach MOP200bn (US$24.9bn). Speaking at an academic forum held by the Centre for Macau Studies under the University of Macau, he suggested that gaming revenue for this year is likely to reach a range of MOP180bn to MOP190bn.<\/p>\n\n\n\n<p>However, Macau faces fiscal challenges. Chief executive\u00a0<strong>Ho Iat Seng<\/strong>, in a recent Legislative Assembly session, voiced concerns about an anticipated budget deficit. Fong agreed with Seng&#8217;s view that Macau needs to generate at least MOP230bn in annual casino revenue to balance its budget.<\/p>\n\n\n\n<p>Government revenue for the first half of the year stood at MOP43.53bn, while expenses reached MOP40.9bn, leaving Macau to rely on reserves to address an anticipated shortfall.\u00a0According to Macau Business, Fong attributed the potential gap to factors including increased government expenditures on public projects such as infrastructure and housing, as well as global influences like high interest rates and inflation.<\/p>\n\n\n\n<p>In July,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-9-6-in-july\" target=\"_blank\">Macau recorded its best monthly performance since January 2020<\/a>, at the beginning of the Covid-19 pandemic. GGR was MOP16.66bn (US$2.07bn), up 9.6 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-mop15-21bn-in-june\" target=\"_blank\">month-on-month<\/a>\u00a0and up 4,083 per cent year-on-year. Casino GGR for the first seven months of the year was MOP96.80bn (US$12bn).<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gdp-up-117-5-in-q2\" rel=\"noreferrer noopener\">Macau GDP up 117.5% in Q2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The forecast was made at an academic forum held by the Centre for Macau Studies.<\/p>\n","protected":false},"author":176,"featured_media":26451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Gaming researcher Davis Fong Ka Chio projects Macau's 2024 aggregate casino GGR could reach MOP200bn, with 2023 GGR estimated between MOP180bn-MOP190bn. Despite strong July GGR performance, Macau faces a significant fiscal challenge, requiring MOP230bn in annual casino revenue to balance its budget, necessitating reliance on reserves due to increased public expenditures and global economic pressures.","focusai_entities":"Davis Fong Ka Chio, Centre for Macau Studies, University of Macau, Ho Iat Seng, Legislative Assembly","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Fiscal Sustainability","query":"What specific policy adjustments or revenue diversification strategies is the Macau SAR government considering to bridge the MOP230bn GGR requirement for budget balance, beyond relying solely on gaming tax receipts?"},{"label":"GGR Growth Drivers","query":"Given the projected 2024 GGR of MOP200bn, what are the primary demand-side and supply-side factors expected to drive this growth, and how do they mitigate the identified global economic headwinds?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777008832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008832","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=777008832"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008832\/revisions"}],"predecessor-version":[{"id":777008864,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008832\/revisions\/777008864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26451"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}