{"id":777010838,"date":"2023-11-03T07:07:33","date_gmt":"2023-11-03T10:07:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010838"},"modified":"2026-04-22T16:33:00","modified_gmt":"2026-04-22T19:33:00","slug":"macau-expects-non-gaming-to-make-up-60-of-gdp-by-2028","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-expects-non-gaming-to-make-up-60-of-gdp-by-2028","title":{"rendered":"Macau expects non-gaming to make up 60% of GDP by 2028"},"content":{"rendered":"\n

The plan unveiled by the government focuses on tourism, healthcare, finance, technology and large-scale events.<\/p>\n\n\n\n\n\n\n\n

Macau.-The government of Macau has unveiled an economic diversification plan for 2024 to 2028.\u00a0According to local media reports, the plan marks a departure from the traditional five-year blueprint <\/strong>and is designed to reshape the city’s economy.<\/p>\n\n\n\n

Macau’s authorities aim to bolster the economy by expanding non-gaming sectors<\/strong> and thereby diminishing the historical dependence on casinos for employment and tax revenues. The “1+4 model,” focuses on four industries: healthcare, finance, technology and events in the fields of sports, culture and business.\u00a0<\/p>\n\n\n\n

The government expects the non-gaming sector to contribute approximately 60 per cent of gross domestic product (GDP) by 2028. In 2019, the gaming industry represented just over 50 per cent of Macao’s GDP.<\/p>\n\n\n\n

The plan also places an emphasis on opportunities presented by China’s Belt and Road Initiative (BRI) and the Greater Bay Area.\u00a0The secretary for Economy and Finance, Lei Wai Non<\/strong>, said a substantial portion of the plan’s goals will be driven by market dynamics, with the government adopting a more guiding role. The plan underwent a 30-day public consultation period in August and September.<\/p>\n\n\n\n

Non-reliance on gaming is an issue that was addressed when the city’s casino operators renewed their licences. The six Macau casino operators have collectively pledged\u00a0to invest a minimum of MOP108.7bn (US$13.48bn) in non-gaming initiatives<\/a>\u00a0and explore overseas markets.\u00a0<\/p>\n\n\n\n

The companies will be required to\u00a0increase their non-gaming investment<\/a>\u00a0by\u00a0around 20 per cent<\/strong>\u00a0of their initial pledge if Macau\u2019s annual gross gaming revenue reaches MOP180bn (US$22.45bn) by 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"

The plan unveiled by the government focuses on tourism, healthcare, finance, technology and large-scale events.<\/p>\n","protected":false},"author":176,"featured_media":25147,"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 has unveiled an economic diversification plan for 2024-2028, aiming to reduce its historical reliance on gaming by bolstering non-gaming sectors like healthcare, finance, technology, and events. This \"1+4 model\" targets 60% non-gaming GDP contribution by 2028, with casino operators having pledged significant non-gaming investments as a condition of their license renewals. The plan also includes a contingency for increased non-gaming investment if GGR targets are met.","focusai_entities":"Lei Wai Non","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming Investment Impact","query":"What specific non-gaming verticals are the six Macau concessionaires prioritizing for their mandated MOP108.7bn investment, and what are the projected ROIs for these diversification efforts?"},{"label":"GGR Target Feasibility","query":"Given the MOP180bn GGR target by 2027 triggering additional non-gaming investment, what are the government's underlying assumptions for gaming vertical growth and market recovery?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777010838","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\/777010838","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=777010838"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010838\/revisions"}],"predecessor-version":[{"id":777041030,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010838\/revisions\/777041030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25147"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}