The budget assumes a 5 per cent year-on-year growth in GGR.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Legislative Assembly has approved Macau’s budget for 2025 and confirmed the forecast MOP240bn (US$30bn)<\/a> in gross gaming revenue (GGR) for 2025. The forecast is logically the highest since the Covid-19 pandemic. It would mean a 5 per cent year-on-year growth. <\/p>\n\n\n\n Lei Wai Nong<\/strong>, Macau’s secretary for economy and finance, described the projection as \u201cprudent\u201d, highlighting expectations of a 9 per cent annual increase in tourist arrivals. The proposal now moves to committee evaluations.<\/p>\n\n\n\n This will be the final budget presented by chief executive Ho Iat Seng<\/strong>, who is to be succeeded by former judge Sam Hou Fai<\/a> on December 20. It anticipates a fiscal surplus of MOP7.7bn<\/strong>, an additional budgetary surplus of MOP 1.17bn and an 18.4 per cent increase in public revenues to MOP121.1bn. Public spending is expected to rise by 10.9 per cent to MOP113.4bn, which includes MOP19.7bn for infrastructure initiatives. Some lawmakers questioned a lack of salary increases for public employees. <\/p>\n\n\n\n In 2023, GGR<\/a> was MOP183.06bn.\u00a0That\u2019s a rise of 333.8 per cent\u00a0when compared to 2022<\/a>. In the\u00a0first ten months of 2024<\/a>, GGR reached MOP190.1bn (US$23.7bn), a 28.1 per cent year-on-year increase. The government anticipates a full-year total of MOP226bn to 228bn.\u00a0 \u00a0<\/p>\n\n\n\n Macau\u2019s six casino operators pay a 35 per cent direct tax on gaming revenues<\/strong>, supplemented by additional levies totalling 4 per cent. These funds contribute to the Social Security Fund, urban and tourism development, and the Macau Foundation, which supports cultural and philanthropic initiatives.<\/p>\n","protected":false},"excerpt":{"rendered":" The budget assumes a 5 per cent year-on-year growth in GGR.<\/p>\n","protected":false},"author":176,"featured_media":777015964,"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 Legislative Assembly has approved the 2025 budget, confirming a MOP240bn (US$30bn) Gross Gaming Revenue (GGR) forecast, representing a 5% year-on-year growth. This projection, deemed \"prudent\" by the Secretary for Economy and Finance, is the highest since the pandemic and anticipates a significant increase in tourist arrivals. The budget also outlines a substantial fiscal surplus and increased public revenues, with gaming taxes contributing significantly to public funds.","focusai_entities":"Lei Wai Nong, Ho Iat Seng, Sam Hou Fai, Macau's six casino operators, Legislative Assembly, Macau Foundation","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Forecast Accuracy","query":"What specific economic indicators and tourism growth assumptions underpin the \"prudent\" 5% year-on-year GGR growth forecast for 2025, and how do these compare to historical variances?"},{"label":"Fiscal Impact Analysis","query":"Beyond the direct 35% gaming tax, what is the projected contribution of the additional 4% levies to the Social Security Fund and urban development initiatives, and how does this impact Macau's long-term fiscal sustainability?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777020951","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\/777020951","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=777020951"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020951\/revisions"}],"predecessor-version":[{"id":777020979,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020951\/revisions\/777020979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777015964"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}