Macau government estimates GGR of US$16 billion in 2023

Macau government estimates GGR of US$16 billion in 2023

Article brief provided by Inside Asian Gaming
  • Pierce Chan, Inside Asian Gaming
November 7, 2022 1:45 PM
  • Pierce Chan, Inside Asian Gaming

The Macao SAR Government has submitted its 2023 budget to the Legislative Assembly, with the text showing that it expects gross gaming revenue from gaming operators to reach MOP$130 billion (US$16 billion). This is exactly the same amount the government has forecast in each of the past two years.

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The budget mentions, “With the resumption of mainland tours to Macau and electronic visa registration, these measures are beneficial to the tourism industry and are expected to increase the number of visitors to Macau. Therefore the estimated GGR for 2023 is MOP$130 billion.

The government has also added a new item called “Transfer of Fiscal Reserves of the Macau Special Administrative Region”, which will allocate MOP$36.5 billion (US$4.5 billion) to cover budgeted expenses in case of revenue shortfall.