Macau: Weight of gaming industry in local economy rises in 2018
Thursday 21 de November 2019 / 03:16
⏱ 1 min read
(Macau).- The weight of the tertiary sector in the local economy increased 0.9 percentage points to 95.8 per cent in 2018 from the year prior, with the gaming and junket activities now representing 50.5 per cent of that sector, a 1.5 percentage points year-on-year jump, information published by the Statistics and Census Bureau.
In total, Gross Value Added produced by the tertiary sector of Macau increased by 6.8 per cent year-on-year in real terms in 2018 to MOP418.8 billion (US$51.9 billion), with the GVA for Gaming & Junket Activities rising 10.0 per cent to MOP220.8 billion and with the contribution by Hotels & Similar Activities rising 11.4 per cent to MOP20.3 billion.
In 2018 the gaming sector generated a total of MOP302.8 billion in gross gaming revenues, a 14 per cent year-on-year jump, with local authorities having for a while expressed intentions to fight for the diversification of the local economy.
Just this week, Chief Executive-elect Ho Iat Seng again expressed that Macau’s economic structure is still reliant on the gaming sector, something he considered to not be “healthy” for the sustainable development of the city.
Meanwhile, while the weight of the hospitality sector in Macau’s economy rise slightly to a 4.6 per cent share in 2018, the share of real estate activities dropped to 9.6 per cent.
The GVA of the secondary sector declined by 12.3 per cent year-on-year in real terms to MOP18.2 billion, with the construction sector – which represented most of the total – seeing its GVA drop 14.7 per cent to MOP13.1 billion due to the successive completion of several large-scale hotels and entertainment facilities.
Categoría:Gaming
Tags: Sin tags
País: Macao
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
Reusable Identity and Smoother Access: JUMIO’s Approach at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Peru Gaming Show (PGS) 2026 hosted the conference “Reusable Identity: Less Friction, More Play – How to Simplify Player Access,” led by Pilar Pereira, Director of Strategic Alliances at JUMIO. She explained how the evolution of digital identity is transforming user experiences on online betting platforms amid strong global growth in the sector.
Friday 03 Jul 2026 / 12:00
Andres Troelsen: "Peru remains one of EGT Digital's strategic markets in LATAM"
(Lima, SoloAzar Exclusive).- Following his participation in the Peru Gaming Show, Andres Troelsen, Regional Sales Director LATAM of EGT Digital, reflects on the company's priorities in the region, the evolving demands of operators, and the opportunities emerging across the Latin American gaming market for EGT Digital.
Friday 03 Jul 2026 / 12:00
Gaming Taxation in Latin America: Experts Warn of Excessive Levies
(Lima, SoloAzar Exclusive).- As part of the Peru Gaming Show (PGS) 2026, the panel “Taxation: Gaming Taxes in Latin America” brought together leading specialists to analyze the fiscal challenges facing the gaming industry in the region. Moderated by Carlos Fonseca, the discussion featured Tomás García Botta (MF Estudio) and Carlos Baeza (Baeza & Cía.). The experts agreed that excessive tax burdens not only discourage investment but also reduce channeling toward the regulated market and foster the growth of illegal offerings in various Latin American countries.
Wednesday 01 Jul 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.
