Exports of gaming services rose by 39.9 per cent.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0The\u00a0Macau Statistics and Census Service\u00a0has reported that gross domestic product (GDP) for the first half of the year was MOP204.27bn (US$25.4bn), up\u00a015.7 per cent\u00a0year-on-year. It was the first time since the first half of 2019 that interim current-prices GDP surpassed MOP200bn. During the first six months of 2019, the figure was MOP220.14bn.<\/p>\n\n\n\n
Exports of services, including casino gaming services, made up 81.8 per cent (MOP167.03bn). The last time such exports accounted for a higher percentage was in the first quarter of 2019. Exports of gaming services and other tourism services increased by\u00a039.9 per cent and 2.8 per cent, respectively, and exceeded levels in the same period in 2019 by over 20 per cent.<\/p>\n\n\n\n
Cumulatively,\u00a0Macau\u2019s GGR for the first seven months of 2024 was MOP132.34bn (US$16.44bn), up 36.7 per cent year-on-year but 24 per cent below the same period in 2019. Taxes from gambling made up 83.9 per cent of the Macau government\u2019s total revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"
Exports of gaming services rose by 39.9 per cent.<\/p>\n","protected":false},"author":176,"featured_media":21299,"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 GDP for the first half of the year reached MOP204.27bn (US$25.4bn), marking a 15.7% year-on-year increase and surpassing MOP200bn for the first time since H1 2019. Exports of gaming services were a primary driver, rising 39.9% and contributing significantly to the MOP167.03bn in total service exports. Cumulatively, Macau's GGR for the first seven months of 2024 was MOP132.34bn (US$16.44bn), up 36.7% year-on-year, with gambling taxes comprising 83.9% of government revenue.","focusai_entities":"Macau Statistics and Census Service","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Recovery Outlook?","query":"What are the projected timelines and key drivers for Macau's GGR to fully recover to 2019 levels, considering the current 24% deficit for the first seven months of 2024?"},{"label":"Fiscal Impact of Gaming?","query":"Given that gambling taxes constitute 83.9% of Macau's government revenue, what are the long-term fiscal diversification strategies being considered to mitigate over-reliance on the gaming sector?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777018446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018446","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=777018446"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018446\/revisions"}],"predecessor-version":[{"id":777018449,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018446\/revisions\/777018449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21299"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}