According to the Statistics and Census Bureau, the gross fixed capital formation in 2019 fell compared to the previous year’s numbers.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Statistics and Census Bureau (DSEC)<\/em><\/strong> has revealed the gross fixed capital formation by the local gaming sector fell by 55.4 per cent year-on-year in 2019 to MOP3.03 billion (US$379.5 million).<\/p>\n\n\n\n Analysts attribute the drop to the completion of large scale projects without opening dates in 2019, while in 2018, Macau saw the opening of MGM Cotai, Morpheus and The 13 Hotel.<\/p>\n\n\n\n Figures released by the DSEC also show that total expenditure in the gaming sector dropped by 6.7 per cent year-on-year to MOP117.79 billion (US$14.7 billion), due to a drop in the purchase of goods, commissions and customer rebates.<\/p>\n\n\n\n Total receipts dropped by 2.8 per cent year-on-year to MOP296.09 billion (US$37 billion).<\/p>\n\n\n\n As for income, the DSEC has revealed that gaming receipts fell by 3.5 per cent year-on-year to MOP292.34 billion (US$36.5 billion) in 2019, but with interest receipts seeing a 415 per cent increase last year to about MOP2.71 billion (US$339.4 million). The number was boosted by an increase in interest received from deposits and loans.<\/p>\n","protected":false},"excerpt":{"rendered":" According to the Statistics and Census Bureau, the gross fixed capital formation in 2019 fell compared to the previous year’s numbers.<\/p>\n","protected":false},"author":2,"featured_media":9954,"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 gaming sector experienced a significant 55.4% year-on-year decline in gross fixed capital formation (GFCF) in 2019, attributed to the completion of major integrated resort projects in 2018 without new large-scale openings. Total expenditure and gaming receipts also fell, though interest receipts saw a substantial 415% increase, boosting overall income.","focusai_entities":"Statistics and Census Bureau (DSEC), MGM Cotai, Morpheus, The 13 Hotel","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GFCF Projections Macau","query":"What are the projected gross fixed capital formation trends for Macau's gaming sector in the post-2019 period, considering the current pipeline of integrated resort developments and potential new concession requirements?"},{"label":"Capital Allocation Strategy","query":"How do the reported declines in capital expenditure and shifts in revenue streams, particularly the rise in interest receipts, reflect the capital allocation strategies and treasury management priorities of Macau's major gaming concessionaires?"}],"footnotes":""},"categories":[160,161,16338,163,158],"tags":[257],"class_list":["post-9951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-daily-news","category-east-asia-news","category-finance-news","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9951","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=9951"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9951\/revisions"}],"predecessor-version":[{"id":777017317,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9951\/revisions\/777017317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9954"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}