for the first ten months of the year<\/a> stands at MOP148.44bn (US$18.44bn), up 315.6 per cent compared to the same period in 2022.<\/p>\n\n\n\nProfessor Davis Fong<\/strong>, the director of the Institute for the Study of Commercial Gaming, has predicted that gross gaming revenue (GGR) in Macau will reach US$27.4bn in 2024. During an interview, Fong emphasised that the forecast relies on the return of mainland tourists to pre-pandemic levels and sustained progress in expanding the international market. <\/p>\n","protected":false},"excerpt":{"rendered":"Macau’s secretary for economy and finance expects the city’s gaming industry to generate MOP216bn.<\/p>\n","protected":false},"author":176,"featured_media":21500,"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 Secretary for Economy and Finance, Lei Wai Nong, has affirmed a MOP216bn (US$26.8bn) GGR target for 2024, citing a strategic shift towards a 75:25 mass market to high-roller ratio. This projection is supported by significant 2023 GGR growth and plans for increased operator investment in international market promotion. The forecast's achievability hinges on the full return of mainland tourists and sustained international market expansion.","focusai_entities":"Lei Wai Nong, Professor Davis Fong, Institute for the Study of Commercial Gaming","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Target Feasibility","query":"What specific policy initiatives and infrastructure developments are planned to support the MOP216bn GGR target, particularly regarding the return of mainland tourists and international market penetration?"},{"label":"Operator Investment Strategy","query":"How are Macau's concessionaires adjusting their capital expenditure and marketing budgets to align with the 75:25 mass market to high-roller ratio and the intensified focus on international player acquisition?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23906],"class_list":["post-777011367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011367","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=777011367"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011367\/revisions"}],"predecessor-version":[{"id":777040909,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011367\/revisions\/777040909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21500"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}