{"id":777020293,"date":"2024-10-30T09:21:56","date_gmt":"2024-10-30T12:21:56","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020293"},"modified":"2026-04-22T04:41:16","modified_gmt":"2026-04-22T07:41:16","slug":"fitch-ratings-expects-macau-gdp-to-rise-15-this-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/fitch-ratings-expects-macau-gdp-to-rise-15-this-year","title":{"rendered":"Fitch ratings expects Macau GDP to rise 15% this year"},"content":{"rendered":"\n

The ratings agency says growth will be supported by the ongoing revival of the gaming tourism sector.<\/p>\n\n\n\n\n\n\n\n

Macau.- Fitch Ratings<\/strong> has forecast Macau’s gross domestic product (GDP) will grow by 15 per cent this year and 8 per cent in 2025 amid the resurgence of the gaming tourism sector. It said the sector would be boosted by travel policy adjustments that favour tourism between Macau and Hengqin Island allowing mainland residents with a business visa to stay for up to 14 rather than seven days.<\/p>\n\n\n\n

Fitch has reaffirmed Macau’s long-term foreign-currency issuer default rating at AA, with a stable outlook highlighting the city’s “exceptionally strong public and external finances, and demonstrated fiscal prudence even during periods of economic and gaming revenue shocks.” It noted however that the continued reliance on gaming tourism from mainland China remains a risk, given the potential influence of policy changes affecting tourism.<\/p>\n\n\n\n

See also: <\/strong>Tourism in Macau: 25.9m visitors in first nine months of the year<\/a><\/p>\n\n\n\n

Macau gross gaming revenue (GGR) for the first nine months of 2024 was MOP169.3bn (US$21bn), up 31.3 per cent year-on-year. This revenue level represents about 77 per cent of pre-pandemic figures.<\/p>\n\n\n\n

The\u00a0Financial Services Bureau<\/strong>\u00a0reported that Macau collected MOP66.40bn (US$8.31bn) in taxes from casino operations in the first nine months of the year. The figure was up 45.1 per cent when compared to the same period last year. According to the 2024 budget plan, the government aims to collect MOP83.61bn (US$10.4bn) in gaming tax this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The ratings agency says growth will be supported by the ongoing revival of the gaming tourism sector.<\/p>\n","protected":false},"author":176,"featured_media":777006346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Fitch Ratings forecasts Macau's GDP to grow by 15% in 2024 and 8% in 2025, driven by a resurgent gaming tourism sector and favorable travel policy adjustments with Hengqin Island. The agency reaffirmed Macau's AA rating with a stable outlook, citing strong public finances, but highlighted the ongoing risk of reliance on mainland Chinese tourism and potential policy shifts. Gross Gaming Revenue for 9M 2024 reached MOP169.3bn, representing 77% of pre-pandemic levels, with gaming tax collections up 45.1% year-on-year.","focusai_entities":"Fitch Ratings, Financial Services Bureau","focusai_location":"Macau, Hengqin Island, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.7), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Growth Sustainability","query":"What specific policy contingencies are Macau's gaming operators implementing to mitigate the identified risk of over-reliance on mainland China's tourism policies, and how might these impact long-term GGR diversification strategies?"},{"label":"GGR Recovery Drivers","query":"Given that Macau's 9M 2024 GGR is 77% of pre-pandemic levels, what are the primary drivers expected to close this gap, and what is the projected timeline for a full GGR recovery to 2019 benchmarks, considering the current policy environment?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777020293","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\/777020293","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=777020293"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020293\/revisions"}],"predecessor-version":[{"id":777020312,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020293\/revisions\/777020312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777006346"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}