Macau Gaming Revenue Jumps 333.8 Percent in 2023 to MOP 183 Billion

January 2, 2024 | Government

MACAU, SAR (January 1, 2024) — Macau’s casinos raked in MOP 183 billion (US$22.8 billion) in gross gaming revenue (GGR) in 2023, up by 333.8 per cent compared with 2022, according to data released by the Gaming Inspection and Coordination Bureau (DICJ).

The full-year tally accounts for 62.5 per cent of what was recorded for the whole pre-COVID year of 2019. It is in line with the Chief Executive’s latest estimate and clearly surpasses the initial MOP 130 billion forecast included in the SAR’s 2023 budget a year ago. For 2024, the government is anticipating a total GGR of MOP 216 billion.

In December alone, GGR reached MOP 18.57 billion, a 15.7 per cent month-to-month increase. It was the second-best month of the year, after October’s MOP 19.5 billion tally.

With GGR surpassing MOP 180 billion for the full year of 2023, the six gaming concessionaires are now obligated to boost their committed non-gaming expenditures by 20 per cent. This requirement aligns with the terms stipulated in the 10-year concession contracts that have been in effect since January 1, 2022.

SOURCE: Gaming Inspection and Coordination Bureau

Tags: , ,