Macau government estimates GGR of US$16 B in 2023
Tuesday 08 de November 2022 / 08:04
⏱ 1 min read
(Macau).- The Macao SAR Government has submitted its 2023 budget to the Legislative Assembly, with the text showing that it expects gross gaming revenue from gaming operators to reach MOP$130 billion (US$16 billion). This is exactly the same amount the government has forecast in each of the past two years.
The budget mentions, “With the resumption of mainland tours to Macau and electronic visa registration, these measures are beneficial to the tourism industry and are expected to increase the number of visitors to Macau. Therefore the estimated GGR for 2023 is MOP$130 billion.
The government has also added a new item called “Transfer of Fiscal Reserves of the Macau Special Administrative Region”, which will allocate MOP$36.5 billion (US$4.5 billion) to cover budgeted expenses in case of revenue shortfall.
In both the 2020 and 2021 budgets, the Macau government predicted that GGR would reach MOP$130 billion in the following year, but the reality was very different from the forecast, with GGR of MOP$86.8 billion (US$10.8 billion) in 2021 and just MOP$35.7 billion (US$4.43 billion) in the first 10 months of 2022.
Although MOP$130 billion seems out of step with reality, some have argued that the Macau government produced the estimate because it will be difficult to meet government expenditure without MOP$130 billion in GGR.
The government expects that tour groups will increase the number of visitors to Macau, and the Macau Tourist Guide Association pointed out in an interview with TDM that tour groups from Guangdong Province are expected to return to Macau in November.
However, a number of new COVID-19 cases have been reported across mainland China in recent days, including in Guangdong province – creating significant uncertainty around travel in general.
By Pierce Chan
Categoría:Gaming
Tags: Sin tags
País: United States
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
Trade Associations and Governments in Latin America: The Gaming Sector Calls for Technical Dialogue and Regulatory Predictability
(Cartagena de Indias, SoloAzar Exclusive).- Cartagena de Indias was the stage for an intense debate on the role of gaming associations in shaping public policy, where regional leaders agreed on the need to strengthen dialogue with governments, warned about unilateral decisions that affect the sustainability of the industry, and proposed an evolution of trade associations into key technical actors in the region.
Wednesday 01 Apr 2026 / 12:00
Technology, AI and Traceability: Keys to the Future of Gaming at the GAT Expo Cartagena Suppliers Panel
(Cartagena de Indias, SoloAzar Exclusive).- Within GAT Expo Cartagena 2026, technology sector leaders analyzed the challenges and opportunities of the gaming industry during the panel “Innovation, Traceability and Control”.
Tuesday 31 Mar 2026 / 12:00
Gamification with Purpose: Andrés Blanco Explains How to Drive Real Engagement at GAT Expo Cartagena
(Cartagena de Indias, SoloAzar Exclusive).- At GAT Expo Cartagena 2026, one of Latin America’s most important gaming industry events, Andrés Blanco, Managing Director and Chief Product Officer at Gamanza Engage, shared his vision of how gamification can become a strategic tool to foster genuine user engagement.
Monday 30 Mar 2026 / 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.