2023 casino revenue to beat US$16 B forecast – Macau Economic Association
Tuesday 16 de May 2023 / 12:00
2 minutos de lectura
(Macau).- Macau’s gross gaming revenue for the year 2023 is expected to surpass the government’s estimated figure of MOP130 billion US$16 billion, according to the Macau Economic Association.
A better-than-expected economic recovery has been observed for the first four months of the year, with gaming revenue reaching MOP49.3 billion, approximately half of pre-pandemic levels, and 38 per cent of the annual government target, according to a recent report by the group.
“The gross gaming revenue for the year should perform better than the expected figure based on the current economic situation,” said the research team.
Earlier last month, Chief Executive Ho Iat Seng reiterated his belief that gross gaming revenue for 2023 will reach MOP130 billion (US$16 billion), a significant increase from MOP42.2 billion recorded last year.
The association also noted that multiple economic indicators had continued to improve as economic and social activity normalised after the pandemic, showing a sustained positive recovery trend.
Macau’s economic prosperity index returned to the ‘stable’ level for the first time since the beginning of the pandemic in April, and is expected to remain at that level between May and July.
However, the group’s economists stressed that the current economic recovery was unbalanced, as small and medium-sized enterprises in non-tourism sectors had yet to benefit from increases in visitor numbers.
Other factors that affect Macau’s economic recovery include a complex external environment, weak consumer demand, a strong risk-averse atmosphere in investment markets, and the impact of Federal Reserve interest rate hikes on the global economy.
By Therese Tu
Categoría:Casino
Tags: Sin tags
País: Macao
Región: Asia
Event
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 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.