US$24.9 B in casino revenue possible in Macau in 2024: Gaming analyst
Wednesday 30 de August 2023 / 12:00
2 minutos de lectura
(Macau).- Macau’s aggregate casino revenue for 2024 has the potential to reach MOP200 billion (US$24.9 billion), an academic panel discussion heard on Wednesday.
Macau’s aggregate casino revenue for 2024 has the potential to reach MOP200 billion (US$24.9 billion), an academic panel discussion heard on Wednesday. The roundtable was held by the Centre for Macau Studies under the University of Macau, exploring government policymaking for the fiscal year of 2024.
Gaming researcher Davis Fong Ka Chio painted a rosy picture for the near future, citing hotel bookings for the forthcoming Golden Week in October.
He also echoed certain industry projections that a mass-market recovery comparable to 2019’s situation is achievable for the gaming sector by that month.
The gaming revenue for the whole year is likely to reach a range of MOP180 billion to MOP190 billion, Fong pointed out.
The scholar added that the figure could even surpass the MOP200 billion mark next year.
However, as estimated by Chief Executive Ho Iat Seng at a Legislative Assembly session recently, the scholar believes that the positive trajectory will not prevent an expected budget deficit for the next year.
During a question and answer session, the city’s leader stated that it would require at least MOP230 billion in annual casino revenue to balance the government’s budget.
Government revenue for the first half of the year reached MOP43.53 billion, versus MOP40.9 billion in expenses.
The authorities are expected to continue to fall back on the existing financial reserves to plug the estimated gap.
Government expenditure is expected to go up with public projects such as infrastructure and housing and external factors worldwide such as high interest rates and inflation taken into consideration, the scholar explained.
Categoría:Gaming
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.