Macau experts caution that local casino industry could face growth challenges due to US-imposed tariffs
Tuesday 15 de April 2025 / 12:00
2 minutos de lectura
(Macau).- Macao’s casino sector will face headwinds from the US tariffs, with a reduced gross gaming revenue (GGR) being one likely outcome. That’s according to two local experts who spoke with Chinese-language gaming website Allin Media.
The news site quoted the chair of the Macau Professional Association of Gaming Promoters, U Io Hong, as saying that the US tariffs would impact Macao’s gambling-depedent economy by reducing the spending of mainland punters, who account for the vast majority of clientele in the city’s casinos.
U predicted the GGR for the upcoming Labour Day holiday between 1 and 5 May would be lower than the year before, although the number of tourists might not necessarily drop.
Henry Lei, the deputy head of the Macau Economic Association, also said that visitor spending could drop in comparison to the past. He explained that the strengthening of the pataca against the yuan would lower the competitiveness of Macao tourism services, and would also reduce the desire of mainland visitors to spend due to the relative appreciation in the price of products in Macao.
As for the 2025 cumulative GGR, both observers believed that the SAR government may not be able to meet its initial target of 240 billion patacas in light of the trade war, the retaliatory measures taken by China and the GGR trajectory from the first quarter.
Instead, U expects the annual GGR to hit roughly 220 billion patacas, pointing out that if the trade war continues, the GGR will certainly fall.
Categoría:Casino
Tags: Sin tags
País: Macao
Región: Asia
Event
SBC Summit Americas 2025
13 de May 2025
ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM
(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.
Friday 13 Jun 2025 / 12:00
Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm
(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.
Thursday 12 Jun 2025 / 12:00
Air Dice Revolutionizes iGaming with Nord Legends and Player Protection Technology
(Fort Lauderdale, SoloAzar Exclusive).- Air Dice presented its innovative Nord Legends line at SBC Summit Americas, combining Norse mythology with advanced game mechanics. The company is committed to AI and gamification to enhance the user experience. Read more about Air Dice's strategic focus and global growth in this interview with Rocio Moitino, Director for Latin America.
Wednesday 11 Jun 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.