{"id":777028901,"date":"2025-07-10T09:11:48","date_gmt":"2025-07-10T12:11:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777028901"},"modified":"2026-04-21T21:06:41","modified_gmt":"2026-04-22T00:06:41","slug":"macau-lawmakers-pass-budget-lowering-gaming-tax-revenue","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-lawmakers-pass-budget-lowering-gaming-tax-revenue","title":{"rendered":"Macau lawmakers pass budget forecasting lower gaming tax revenue"},"content":{"rendered":"\n

The gaming revenue forecast has been lowered by 5 per cent.<\/p>\n\n\n\n\n\n\n\n

Macau.- Macau Legislative Assembly<\/strong> has passed the 2025 fiscal budget<\/strong> amendment bill, which estimates gaming tax revenue of MOP79.8bn (US$9.87bn)<\/strong>, 5 per cent lower than previously expected. The updated budget was announced last month<\/a> in response to the lower-than-expected revenue from the casino sector, which remains Macau\u2019s main economic driver.<\/p>\n\n\n\n

The government has cut its GGR estimate from MOP240bn ($29.69bn) to MOP228bn ($28.2bn). At the time of the revised forecast, Ho In Mui<\/strong>, deputy director of the Financial Services Bureau, cited global economic conditions and changes in tourist consumption patterns as factors.<\/p>\n\n\n\n

Meanwhile, investment bank CLSA upgraded its Macau\u2019s 2025 gross gaming fevenue<\/a> growth forecast by 5.8 percentage points from 1.8 per cent to a 7.6 per cent year-on-year increase to HKD234.8bn (USD30.1bn). It cited a mix of favourable currency changes, steady premium mass performance and the launch of new ultra-luxury properties in the Cotai casino district.<\/p>\n\n\n\n

CLSA analyst Jeffrey Kiang noted the 1.4 per cent appreciation of the Chinese renminbi against the US dollar in the second quarter as a key driver of stronger Chinese consumer purchasing power since most Macau casino wagers are placed in Hong Kong dollars, which is pegged to the US dollar.<\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau government lowers GGR forecast for 2025<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The gaming revenue forecast has been lowered by 5 per cent.<\/p>\n","protected":false},"author":226,"featured_media":777028902,"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 passed a 2025 fiscal budget amendment, lowering the estimated gaming tax revenue by 5% and the GGR forecast from MOP240bn to MOP228bn, citing global economic conditions and shifting tourist consumption patterns. Conversely, investment bank CLSA has upgraded its 2025 GGR growth forecast for Macau to 7.6% year-on-year, attributing this to favorable currency changes, robust premium mass segment performance, and the launch of new ultra-luxury properties in Cotai.","focusai_entities":"Macau Legislative Assembly, Financial Services Bureau, Ho In Mui, CLSA, Jeffrey Kiang","focusai_location":"Macau, Cotai, China, Hong Kong","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Forecast Discrepancy","query":"What specific methodologies or underlying economic assumptions differentiate the Macau government's revised GGR forecast from CLSA's upgraded projection for 2025, particularly concerning premium mass recovery and mainland tourist consumption patterns?"},{"label":"Impact on Operator Strategy","query":"How might Macau's major concessionaires adjust their capital expenditure plans, marketing strategies, and non-gaming investment allocations in response to the revised government GGR outlook versus CLSA's more optimistic assessment?"}],"footnotes":""},"categories":[16338,163,24628,158],"tags":[24619,23908,23906],"class_list":["post-777028901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-highlight-of-the-week","category-slider-home","tag-finance","tag-gaming-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028901","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777028901"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028901\/revisions"}],"predecessor-version":[{"id":777028911,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028901\/revisions\/777028911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777028902"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777028901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777028901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777028901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}