Gaming operators set to up non-gaming investment as early as next year
Monday 04 de December 2023 / 12:00
2 minutos de lectura
(Macau).- Macau’s six gaming operators are on course to increase their pledged non-gaming investment by 20 percent as early as next year, the latest figures from the city’s casino watchdog suggest.
According to the Gaming Inspection and Coordination Bureau, Macau has accumulated up to MOP164.49 billion (US$20.44 billion) in gross gaming revenue over the past 11 months – about MOP15.51 billion shy of the MOP180 billion threshold required to validate the contractual condition.
Gaming revenue for November receded to MOP16.04 billion from a post-pandemic record set in October.
“It’s definitely within reach because December is traditionally better than November, and this time there are five weekends,” said gaming analyst Alidad Tash of 2NT8. “I think we are definitely going to hit it.”
The contractual condition was first disclosed to the public late last year in company filings to the Hong Kong Stock Exchange.
In its budget for 2024, Macau authorities predict that casinos will generate an annual sum of MOP216 billion in gross gaming revenue next year – a recovery that is sufficient to lead the government back to a financial surplus.
“It’s going to happen, even next year. The government number is MOP216 billion, which already exceeds the MOP180 billion required to trigger this. It’s just a matter of formality,” Tash added.
The six gaming companies committed themselves last year to MOP108.7 billion to develop non-gaming offerings and expand the international market in order to secure licences to continue their operations for another 10 years.
It accounts for the majority of the total investment pledged by them. Each of them has already been entrusted with taking care of the revitalisation of a culturally significant district of Macau.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
Peru Gaming Show 2025
18 de June 2025
Facephi presented its digital identity verification solutions for the online gaming sector in Peru at PGS 2025
(Lima, SoloAzar Exclusive).- Facephi is consolidating its position as a strategic partner for responsible online gaming in Peru, presenting advanced identity verification, fraud prevention, and regulatory compliance solutions at PGS 2025, adapted to an increasingly digital and demanding ecosystem. In this interview, Bruno Rafael Rivadeneyra Sánchez, the firm's Identity Solutions Senior Manager, explores how its technology is redefining gaming security standards, with a preventative, seamless, and 100% regional approach.
Friday 18 Jul 2025 / 12:00
From PGS 2025, Win Systems Redoubles its Commitment to Peru: Innovation, Proximity, and Regional Expansion
(Lima, SoloAzar Exclusive).- In a revealing interview, Galy Olazo, Country Manager of Win Systems in Peru, analyzes the company's strategic role in one of the most thriving markets in the region. Its participation in the PGS 2025 trade show not only left its mark with its technological advances, such as the new Gold Club Colors electronic roulette wheels and the WIGOS management system, but also reaffirmed its commitment to the transformation of the sector and its consolidation in Latin America.
Tuesday 15 Jul 2025 / 12:00
Key debate during PGS 2025: Enforcement: Process to ensure compliance (laws, norms, rules)
(Lima, SoloAzar Exclusive).- During the 2025 edition of the Peru Gaming Show, the conference ‘Enforcement: Process to ensure compliance (laws, norms, rules)’ took place, with an international panel of professionals who debated about the current challenges to combat illegal gaming and guarantee the application of the laws in the sector, both in Peru and in the Latam region.
Monday 14 Jul 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.