Chief Executive Ho Iat Seng confident Macau GGR will reach MOP$130 billion this year

Chief Executive Ho Iat Seng confident Macau GGR will reach MOP$130 billion this year

Article brief provided by Inside Asian Gaming
  • Pierce Chan, Inside Asian Gaming
February 27, 2023 3:08 PM
  • Pierce Chan, Inside Asian Gaming

Macau’s Chief Executive, Ho Iat Seng, said Friday he is confident that gross gaming revenue would reach MOP$130 billion (US$16 billion) this year. He also pointed out that he would not comment on the accuracy of investment banks’ assessment of gambling revenue.

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Speaking with media after attending an event on Friday afternoon, Ho was asked, “The GGR in January exceeded MOP$10 billion (US$1.25 billion) billion), but some investment banks have analyzed that the revenue in February may not reach MOP$10 billion, so will the GGR reach MOP$130 billion this year?”

He responded by saying, “This year’s GGR of MOP$130 billion is our target and we are confident that we can reach this target.”