{"id":777011611,"date":"2023-12-04T08:54:14","date_gmt":"2023-12-04T11:54:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011611"},"modified":"2026-04-22T15:01:47","modified_gmt":"2026-04-22T18:01:47","slug":"macau-casinos-likely-to-be-required-increase-non-gaming-investment-in-2024","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-likely-to-be-required-increase-non-gaming-investment-in-2024","title":{"rendered":"Macau casinos likely to be required increase non-gaming investment in 2024"},"content":{"rendered":"\n

The companies are required to\u00a0increase the investment if Macau\u2019s annual GGR reaches MOP180bn before by 2027.<\/p>\n\n\n\n\n\n\n\n

Macau.- The Gaming Inspection and Coordination Bureau has reported that Macau’s six gaming operators are to increase their pledged non-gaming investment by 20 per cent as early as next year.\u00a0<\/p>\n\n\n\n

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.\u00a0The companies are required to\u00a0increase that investment<\/a>\u00a0by\u00a0around 20 per cent\u00a0if Macau\u2019s annual gross gaming revenue (GGR) reaches MOP180bn (US$22.45bn) by 2027.<\/p>\n\n\n\n

According to the regulator, Macau has accumulated up to MOP164.49bn (US$20.44bn) in GGR over the past 11 months. The figure is about MOP15.51bn short of the MOP180bn threshold. <\/p>\n\n\n\n

Macau\u2019s GGR for November was MOP16.04bn (US$1.99bn). That\u2019s a drop of 17.7 per cent\u00a0month-on-month<\/a>\u00a0but up 435 per cent when compared to last November. Despite this, industry experts like Alidad Tash of 2NT8 have noted that December traditionally outperforms November and this week has five weekends.<\/p>\n\n\n\n

Macau MICE events up 231% in Q3<\/h2>\n\n\n\n

The number of MICE events in Macau in the third quarter of the year was up by 231 per cent compared to Q3 2022, reaching 245. As reported by\u00a0Macau\u2019s Statistics and Census Bureau (DSEC), there was a 59.9 per cent increase in the number of participants and attendees, reaching 545,000 people.<\/p>\n\n\n\n

The number of meetings and conferences rose 262.3 per cent, with 221 events and 48,000 participants. There were eight exhibitions, attracting 493,000 attendees, and four incentives events attended by 5,035 people. There was a 279 per cent increase in revenue and a 155.5 per cent increase in expenditures for exhibition organisers.<\/p>\n\n\n\n

For the first three quarters of 2023, there were\u00a0757 MICE events, up 187.8 per cent from 2022. There were 703 meetings and conferences and 44 exhibitions. The rise is because of Covid-19 countermeasures last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The companies are required to\u00a0increase the investment if Macau\u2019s annual GGR reaches MOP180bn before by 2027.<\/p>\n","protected":false},"author":176,"featured_media":26697,"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 six gaming operators are mandated to increase their non-gaming investment by 20% if the annual Gross Gaming Revenue (GGR) reaches MOP180bn by 2027, building on an initial MOP108.7bn pledge. Current GGR is nearing this threshold, while MICE events have shown significant recovery, indicating diversification efforts and market rebound.","focusai_entities":"Gaming Inspection and Coordination Bureau, 2NT8, Alidad Tash, Macau\u2019s Statistics and Census Bureau (DSEC)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.9), operator_casino (0.98), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Threshold Impact","query":"What specific non-gaming investment categories are prioritized by the Macau operators to meet the MOP180bn GGR threshold, and what is the projected ROI for these new ventures?"},{"label":"Diversification Strategy","query":"How do the mandated non-gaming investments align with Macau's broader economic diversification goals, and what are the long-term implications for the region's tourism and entertainment ecosystem?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777011611","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\/777011611","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=777011611"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011611\/revisions"}],"predecessor-version":[{"id":777011642,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011611\/revisions\/777011642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26697"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}