Macau’s chief executive, Sam Hou Fai, has warned that the city’s fiscal revenue for 2025 may fall short of earlier expectations due to a sluggish start for the gaming industry.
Speaking at a recent briefing following China’s “Two Sessions” meetings, the official acknowledged the economic challenges facing Macau and underscored the need for significant development projects to drive future growth.
The government did not specify how much lower the revised revenue forecast might be. Earlier projections estimated Macau’s gross gaming revenue (GGR) for 2025 at MOP240bn (US$29.7bn), an increase of about 11 per cent from the 2024 budget forecast of MOP216bn.
The 2025 projection assumed an average monthly GGR of MOP20bn ($2.5bn) and estimated full-year gaming tax revenue at MOP93.1bn ($11.64bn). However, January’s GGR of MOP18.25bn ($2.28bn) and February’s MOP19.74bn ($2.47bn) both fell short of these expectations.
Source: Asia Gaming Brief
