Macau’s Secretary for Economy and Finance, Tai Kin Ip, acknowledged in the Legislative Assembly on Wednesday that gross gaming revenue for the first quarter of 2025 had fallen short of the government’s expectations.
As reported by IAG, GGR in Q1 reached MOP$57.65 billion, an increase of 0.6% over the same period in 2024 with average monthly revenue of MOP$19.2 billion. The government had been anticipating an average of MOP$20 billion per month.
Speaking at the Legislative Assembly on Wednesday, Tai said, “Macau’s major industries are facing increased competition in the international arena and the risks and challenges should not be ignored.”
Given that GGR this year is tracking in line with 2024, he added that this year’s fiscal revenue might not be as optimistic as expected. He also questioned the effectiveness of concessionaires’ diversification measures.
