Macau Chief Executive Ho Iat Seng said Thursday that the government will maintain its 2023 gross gaming revenue forecast of MOP$130 billion (US$16 billion).

“This year’s budget states that gross gaming revenue is MOP$130 billion, and the average monthly gross gaming revenue need to be more than MOP$10 billion,” Ho said. “The government will not revise this forecast for the time being and hopes that all sectors of the community will work hard to achieve this figure.”

He also noted that Macau’s economy is starting to show signs of recovery and it is important to wait and see the prevailing economic situation.