The latest news on the gaming industry in Asia

Gaming fuels Macau GDP growth in Q1 2014

May 30, 2014 Latest News, Macau, Top of the deck  

Gaming fuels Macau GDP growth in Q1 2014

The gaming sector was unsurprisingly the main growth driver for Macau’s gross domestic product in the first quarter of this year.

Official data released on Friday shows exports of gaming services posted a real growth rate of 13.0 percent in the first three months of this year in comparison with one year before. The city’s GDP expanded by 12.4 percent in real terms.

Gaming services reached MOP101.7 billion (US$12.7 billion) in nominal patacas (i.e., excluding inflation), while Macau’s overall GDP stood at MOP115.4 billion.

Gaming services are officially labelled as service exports, as they reflect expenditure made by visitors in the Macau market.

The ongoing construction of seven casino resort venues in Cotai also helped to push Macau’s GDP up, as it contributed significantly to a jump of 39.8 percent year-on-year in private investment during the first quarter.

While impressive by international standards, the real growth rate of Macau’s GDP for the first quarter represented a slowdown in quarter-on-quarter terms. In the fourth quarter of last year, the city’s economy grew 14.3 percent year-on-year.

Related articles
More news

Latest News

Konami taps market-tried slots to refresh Asia op offer

Konami taps market-tried slots to refresh Asia op offer

Jun 08, 2023  

Gaming content and equipment maker Konami says it is responding to the Asia-Pacific casino industry’s fresh engagement with consumers post- Covid-19, by introducing certain slot machine product...
Read More
L&W links with Shift4 to expand cashless gaming offering

L&W links with Shift4 to expand cashless gaming...

Jun 08, 2023  

Pick of the Day

”We’ve said we want to grow EBITDA ... to US$1.4 billion in 2025. And we have a really high level of conviction about getting there”

Matt Wilson
Chief executive of casino equipment provider Light & Wonder