Macau Gaming Sector to See Annual Growth Rate of 5.7% Between 2021-2026 – Report
MACAU, SAR (March 17, 2023) — Macau’s gambling market is expected to grow at a compound annual growth rate (CAGR) of 5.7 per cent between 2021 and 2026, a report by iGaming media publisher Casino Reviews suggests.
The platform suggests that gaming concessionaires Sands China, Wynn Macau, and Galaxy Entertainment Group are expected to continue to control a dominating market share in the SAR.
At the same time, the development of new resorts and entertainment complexes is expected to drive growth in the local market.
“The report shows the pandemic posed significant hurdles, leading to an almost 80 per cent decline in revenue compared to pre-pandemic levels, with casino revenues in 2022 amounting to slightly more than 11 per cent of the maximum peak revenues achieved in 2013. However, CasinoReviews.net’s research reveals that the Macau market remains steadfast and is poised for continued expansion in the future,’ the report suggests.
Macau’s first two months of the year saw the local casino sector generate MOP21.9 billion (US$2.7 billion) in gross gaming revenue, up 55 per cent from last year.
The Casino Reviews report was conducted by Sudhir H. Kale, a former advisor to Sands China Limited.
SOURCE: Macau News Agency.Tags: Macau SAR, gambling, Casino Reviews report