The gaming sector’s value added to the economy was MOP30.37bn (US$3.76bn).<\/p>\n\n\n\n\n\n\n\n
Macau.- The Macau Gaming Sector Survey 2022<\/strong> has reported that the gross value added by the industry in 2022 dropped by 51.6 per cent compared to the previous year to MOP30.37bn (US$3.76bn). The survey, based on data from nine gaming enterprises, excluded information related to hotel, retail and other auxiliary businesses operated by the firms.\u00a0<\/p>\n\n\n\n The Statistics and Census Service (DSEC) <\/strong>reported a 72.8 per cent year-on-year decrease in the gross surplus of the gaming sector, with pre-tax earnings totalling MOP11.56bn. Receipts in the gaming sector fell by 49.2 per cent year-on-year to MOP46.20bn. Revenue generated by games of chance fell 51.5 per cent to MOP42.12bn.<\/p>\n\n\n\n Expenditure also fell, decreasing by 24.7 per cent year-on-year to MOP40.31bn. This was primarily due to a 66.6 per cent decrease in expenditure on goods purchases, commission and customer rebates. So far in 2023, the sector has shown a broad improvement. Gross gaming revenue\u00a0for the first eight months of the year<\/a>\u00a0was MOP114.01bn (US$14.16bn). A report by\u00a0Jefferies Equity Research\u00a0<\/strong>has suggested that\u00a0GGR will reach 63 per cent of 2019 levels<\/a>\u00a0this year.<\/p>\n","protected":false},"excerpt":{"rendered":" The gaming sector’s value added to the economy was MOP30.37bn (US$3.76bn).<\/p>\n","protected":false},"author":176,"featured_media":18146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Macau gaming sector experienced a significant decline in 2022, with gross value added decreasing by 51.6% to MOP30.37bn and gross surplus falling by 72.8%. This downturn was driven by a 49.2% reduction in sector receipts and a substantial decrease in expenditure on goods, commissions, and customer rebates. However, 2023 shows a strong recovery, with GGR for the first eight months reaching MOP114.01bn, and Jefferies projecting 63% of 2019 GGR levels for the year.","focusai_entities":"Statistics and Census Service (DSEC), Jefferies Equity Research","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Recovery Drivers?","query":"What specific market dynamics and policy shifts are primarily driving the accelerated GGR recovery in Macau during 2023, and how sustainable are these trends?"},{"label":"Operational Cost Structure?","query":"Given the significant decrease in expenditure on goods, commission, and customer rebates in 2022, what structural changes have Macau operators implemented to optimize their cost base, and what is the long-term impact on NGR margins?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777009105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009105","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=777009105"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009105\/revisions"}],"predecessor-version":[{"id":777009137,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009105\/revisions\/777009137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}