Macau’s fiscal reserves fall 13% to USD 69B in 2022
Thursday 23 de February 2023 / 12:00
2 minutos de lectura
(Macau).- The Macau government announced Wednesday that its fiscal reserves fell to around MOP$558 billion (US$69.1 billion) at the end of 2022, down 13.2% from MOP$643.2 billion (US$79.6 billion) a year earlier.
Impacted by the loss of tax revenue from the gaming and leisure industry as a result of COVID-19-induced travel restrictions, basic reserves fell by 26% on the previous year to MOP$185.1 billion (US$22.9 billion) and excess reserves by 33% to MOP$372.8 billion (US$46.1 billion).
The Monetary Authority of Macao noted that the fiscal reserves of the Macau SAR were also weighed down by negative factors such as the geopolitical crisis, the pandemic disrupting the global supply chain and the significant interest rate hikes by major central banks, and recorded a book loss of MOP$20.75 billion (US$2.57 billion) for the year, with an annual rate of return of -3.4%.
However, the it also pointed out that from 2017 to 2021 its fiscal reserves recorded a total book profit of MOP$95.18 billion (US$11.8 billion).
The Macau government twice used its excess reserves in 2022 to deal with the pandemic situation, accessing a total of MOP$72.7 billion (US$9.0 billion). At the same time it only collected MOP19.1 billion (US$2.36 billion) in gaming taxes in 2022.
Fiscal reserves in 2019, prior to the pandemic, were MOP$579.4 billion (US$71.7 billion), rising to MOP$616.12 billion (US$76.3 billion) in 2020 after benefiting from investment return and to MOP$643.17 billion (US$79.6 billion) in 2021.
Categoría:Analysis
Tags: Sin tags
País: Macao
Región: Asia
Event
SiGMA Central Europe
03 de November 2025
Belatra Showcases Innovation and Expansion Strategy at SiGMA Central Europe
(Rome, SoloAzar Exclusive).- Belatra Games made a powerful impression at SiGMA Central Europe, where Chief Marketing Officer Kateryna Goi unveiled the company’s latest titles and strategic vision. The booth buzzed with excitement as visitors explored novelties such as Long Neck Fortune, Goose Boom Bang, and Fortune Mummy, alongside the centerpiece attraction—the Mummyverse, a connected universe of thrilling slot experiences. Read more about company’s growth and future expansion across Europe.
Wednesday 19 Nov 2025 / 12:00
Amusnet Showcases Multichannel Strength at SiGMA Central Europe 2025
(Rome, SoloAzar Exclusive).- At SiGMA Central Europe 2025, Amusnet reaffirmed its position as a leading multichannel supplier. Polina Nedyalkova, Director of Amusnet Italy, highlighted the company’s comprehensive portfolio spanning Online casino, Live casino, and Land-based solutions, while underlining Italy’s strategic importance for the group.
Tuesday 18 Nov 2025 / 12:00
Dual Brand Strategy: Amatic Classics and Wildcat Innovation Impress at SiGMA Central Europe
(Rome, SoloAzar Exclusive).- Riccardo Cavallaro, Amatic Online Project Manager, granted an interview to SoloAzar about the recent participation at SIGMA Central Europe. Amatic Online and Wildcat Gaming took center stage, showcasing a powerful mix of trusted classics and bold new releases. He described how both brands resonate strongly with operators and together deliver a complementary, future‑ready portfolio.
Monday 17 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.