• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Casino non-gaming 2020 target hit in 2015: Macau stats

Jan 02, 2017 Newsdesk Latest News, Macau, Top of the deck  


Casino non-gaming 2020 target hit in 2015: Macau stats

Macau’s casino sector has met a non-gaming revenue target five years ahead of the city government’s deadline, according to data compiled by the city’s Statistics and Census Service.

In Macau’s Five-Year Development Plan – a package of policies and initiatives covering the period 2016 to 2020 published last year – the city’s government stated that non-gaming revenue within Macau’s casino sector should account on average for at least 9 percent of all revenue generated by Macau operators by 2020. A report from the statistics department on Friday indicated the goal had already been achieved by the end of 2015. That year, non-gaming accounted for 9.39 percent of overall revenue in the casino sector.

The information is contained in a statistics bureau document mapping Macau’s efforts to promote economic diversification, and uses data featured in the annual reports of the city’s six casino concessionaires and their related listed entities. The bureau’s collated information indicated Macau’s casino sector generated direct non-gaming revenue of MOP15.25 billion (US$1.91 billion) in 2015, a figure that was flat in year-on-year terms. It represented 6.2 percent of the casino sector’s overall revenue for the period, said the statistics service.

When adjusting the non-gaming data to include services provided to customers free of charge or at discounted rates – usually booked by casino operators as internal transactions – the bureau concluded non-gaming revenue actually stood at MOP23.91 billion in 2015. That accounted for the 9.39 percent number regarding overall adjusted non-gaming revenue generated by the casino sector in that year, the report stated.

In 2015, adjusted non-gaming revenue actually declined by 5.4 percent from the previous year; however, the much faster decline rate of gaming revenue in the same period – a decrease of 34.3 percent year-on-year – benefited the relative weighting of non-gaming in the sector’s overall adjusted revenue.

Adjusted non-gaming revenue had accounted for 6.7 percent of the sector’s revenue in 2014, according to Friday’s report from the Statistics and Census Service. Last year, the Macau government had estimated such contribution at 6.6 percent. Direct non-gaming revenue in 2014 represented fewer than 4.2 percent of the casino industry’s overall direct revenues.

In previous comments, executives of Macau-based casino operators already had expressed confidence in achieving the government suggested target for non-gaming revenue. But brokerage Sanford C. Bernstein Ltd noted in a November report that non-gaming would “never be a significant component of Macau industry revenues.”

The adjusted figures compiled by Macau’s statistics bureau show that hotel services were the main non-gaming revenue contributor for the casino sector in 2015, with a weighting of 41.17 percent regarding overall adjusted non-gaming revenue. The food and beverage segment came in second, at 23.37 percent; followed by retail, at 22.38 percent.


  • tweet
Related articles
  • SJM posts US$390mln 2020 loss, Cotai scheme in 1H
    SJM posts US$390mln 2020 loss, Cotai...

    Feb 23, 2021  

  • Dec hotel occupancy highest since Jan 2020: Macau govt
    Dec hotel occupancy highest since Jan...

    Jan 28, 2021  

More news
  • Fitch says LVS Nevada sale slight negative, Moody’s keener
    Fitch says LVS Nevada sale slight...

    Mar 05, 2021  

  • Travel ban on casino hub Sihanoukville: reports
    Travel ban on casino hub Sihanoukville:...

    Mar 05, 2021  


Latest News

Fitch says LVS Nevada sale slight negative, Moody’s keener

Fitch says LVS Nevada sale slight negative, Moody’s keener

Mar 05, 2021  

Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo...
Read More
Travel ban on casino hub Sihanoukville: reports

Travel ban on casino hub Sihanoukville: reports

Mar 05, 2021  

Melco says City of Dreams in Cyprus open summer 2022

Melco says City of Dreams in Cyprus open summer 2022

Mar 05, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality"

Junling Tan, Yu Sheng Tay and Vikas Halan

Analysts at credit rating agency Moody’s Investors Service



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us