• 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 slowdown adds to 1Q shrinkage of Macau economy

Jun 04, 2019 Newsdesk Latest News, Macau, Top of the deck  


Gaming slowdown adds to 1Q shrinkage of Macau economy

Real exports of gaming services from Macau – a measure of what visiting gamblers contribute to gross domestic product (GDP) – were worth 0.6 percent less in the first quarter of this year than a year earlier, according to official data.

Macau’s entire economy shrank in the quarter ended March 31, led by reductions in domestic demand and exports.

The Macau government issued a statement on Monday that said real GDP was 3.2 percent smaller in the first quarter than it was one year earlier. The result snapped a trend that saw 10 consecutive quarters of year-on-year growth.

The announcement via the Statistics and Census Service said first-quarter real exports of other tourism services – what visitors contribute to GDP other than by gambling – shrank by 0.3 percent. First-quarter real investment declined by 32.1 percent.

“Total demand weakened due to feeble growth, leading to increased downward pressure on the economy,” the statement said.

The government said weak momentum in growth was manifested by a mediocre performance by the services sector, despite a marked increase in the number of visitors to Macau.

“Exports of gaming services and other tourism services reversed from an uptrend,” the statement says.

Casino gross gaming revenue (GGR) in Macau – a measure of casino industry performance – fell by 0.5 percent year-on-year in the first three months of this year. Such GGR was MOP76.15 billion (US$9.43 billion) according to data issued on April 1 by the local casino regulator, the Gaming Inspection and Coordination Bureau.

In the fourth quarter of 2018, exports of gaming services were up 6.7 percent.  Last year’s full-year GDP was 4.7 percent greater than in 2017, the city’s Statistics and Census Service said in February. It was the second consecutive annual rise, boosted by revenue growth in the city’s gaming industry.

Last month the International Monetary Fund predicted that Macau’s economy would grow by 4.3 percent this year and plateau at around 4 percent expansion annually in the medium term.


  • tweet
Related articles
  • Macau economy to see double-digit growth in 2023: AMCM
    Macau economy to see double-digit...

    Jan 27, 2023  

  • Macau 2023 economy maybe 46pct ‘rebound’ on 2022: Fitch
    Macau 2023 economy maybe 46pct...

    Dec 07, 2022  

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
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
  • Macau early Feb average daily GGR higher than Jan: JPMMacau early Feb average daily GGR higher than Jan: JPM February 6, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us