• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Gaming rebound helps Macau GDP back to growth in 3Q

Nov 22, 2016 Newsdesk Latest News, Macau, Top of the deck  


Gaming rebound helps Macau GDP back to growth in 3Q

Macau’s gross domestic product (GDP) increased by 4.0 percent year-on-year in real terms for the three months to September 30, said on Tuesday the city’s Statistics and Census Service. It was the first such quarterly year-on-year rise since the second quarter of 2014 – when the city’s economy expanded by 5.7 percent.

The statistics bureau said the local economy’s growth in the third quarter was mainly due to increases in exports of services and in investment. Gaming services in Macau are included in exports when calculating the city’s GDP. That is in order to reflect spending by tourists in the city’s casinos.

In the July to September period, exports of gaming services went up by 0.2 percent year-on-year in real terms.

Macau’s GDP performance trends in recent years have coincided with casino gross gaming revenue (GGR) trends in the city, highlighting the importance of the gaming sector to the local economy. The gaming business was negatively affected by a slump in GGR that began in the third quarter of 2014 and extended for two years. Casino GGR in Macau posted its first increase in the third quarter of 2016: it went up by 1.2 percent in year-on-year terms.

Investment analysts covering the sector have attributed the GGR decline recorded in Macau between mid-2014 and mid-2016 to several factors, including the ongoing anti-corruption drive in mainland China; a slowdown in the Chinese economy; and increased scrutiny by the Macau government focused on the city’s casino junket system.

Also helping Macau’s GDP performance in the third quarter of 2016 was the construction of several casino resorts on Cotai. Two new large-scale properties – Wynn Palace and Parisian Macao – opened during the July to September quarter.

In the first nine months of 2016, Macau’s economy contracted by 5.4 percent year-on-year in real terms, according to Tuesday’s data.


  • tweet
Related articles
  • Macau ops track early recovery after Jan GGR: analysts
    Macau ops track early recovery after...

    Feb 01, 2023  

  • Okada Manila 4Q gaming revenue up 50pct y-o-y
    Okada Manila 4Q gaming revenue up 50pct...

    Jan 30, 2023  

More news
  • Macau early Feb average daily GGR higher than Jan: JPM
    Macau early Feb average daily GGR...

    Feb 06, 2023  

  • Macau tour trade returns at historic areas, resorts says govt
    Macau tour trade returns at historic...

    Feb 06, 2023  


Latest News

Macau early Feb average daily GGR higher than Jan: JPM

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023  

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...
Read More
Macau tour trade returns at historic areas, resorts says govt

Macau tour trade returns at historic areas, resorts says...

Feb 06, 2023  

Cambodia ops to Mar 31 for due tax on non-gaming: report

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The resumption [of mainland package tours] is definitely good news: recovering foot traffic for casinos [in Macau] is really important and their comeback will help with that”

Hoffman Ma Ho Man

Deputy chairman of Success Universe Group, promoter of casino-hotel Ponte 16



Most Popular

  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Galaxy Macau’s new arena to host K-pop group BlackpinkGalaxy Macau’s new arena to host K-pop group Blackpink January 9, 2023
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us