• 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

Macau 1Q GDP expands 10pct on gaming, tourism growth

May 29, 2017 Newsdesk Latest News, Macau, Top of the deck  


Macau 1Q GDP expands 10pct on gaming, tourism growth

Macau’s gross domestic product (GDP) expanded by 10.3 percent year-on-year in real terms in the first quarter of 2017, according to data released on Monday by the city’s Statistics and Census Service. It was the third consecutive quarter of growth, according to the bureau.

The increase took Macau’s GDP in the three months to March 31 to about MOP93.58 billion (US$11.70 billion).

Such growth was attributable “to the improving exports of services and investment, as well as a relatively lower base of comparison in the first quarter of last year,” said the statistics bureau.

Exports of gaming services grew by 11.3 percent year-on-year in the first quarter of 2017. Gaming services in Macau are included in exports when calculating the city’s GDP, in order to reflect expenditure by tourists in the city’s casinos.

Exports of other tourism services also went up, by 20.9 percent, according to Monday’s data.

It had been reported on April 1 by the city’s casino regulator, the Gaming Inspection and Coordination Bureau, that total casino gross gaming revenue (GGR) for the first three months of 2017 had expanded by 13.0 percent year-on-year.

Ratings agency Moody’s Investors Service last week upgraded Macau’s outlook based on the recovery of the city’s gaming industry. Moody’s affirmed Macau’s government debt issuer rating at “Aa3” and upgraded the outlook to “stable” from “negative”.

The ratings agency said that Macau continues to extend “its long track record of fiscal surpluses”, adding that it expected the Macau government to “continue to run budget surpluses and accumulate fiscal reserves in coming years”.

The Macau government has recorded total revenue of MOP35.90 billion for the first four months of 2017, up by 10.6 percent compared to the same period last year. In the four months to April 30, the government surplus – the amount by which revenue exceeded spending – increased by 28.8 percent year-on-year, to MOP19.08 billion.

“We expect the current account surplus to increase to 28 percent of GDP in 2018, as gaming and tourism recover, remaining well above that of rating peers,” said Moody’s in the report issued on May 24.


  • tweet
Related articles
  • Macau ops sign contract extension, eye fresh public tender
    Macau ops sign contract extension, eye...

    Jun 23, 2022  

  • Macau gaming ops contract rollover signed today: CE
    Macau gaming ops contract rollover...

    Jun 23, 2022  

More news
  • Maybe new Macau mass Covid test, community spread still
    Maybe new Macau mass Covid test,...

    Jun 24, 2022  

  • Blackstone clinches US$6.15bln takeover of Crown Resorts
    Blackstone clinches US$6.15bln takeover...

    Jun 24, 2022  


Latest News

Maybe new Macau mass Covid test, community spread still

Maybe new Macau mass Covid test, community spread still

Jun 24, 2022  

It is likely that Macau will shortly have a third round of citywide centre-based Covid-19 testing in little more than a week, after the results so far of a second mass test – that was due to finish...
Read More
Blackstone clinches US$6.15bln takeover of Crown Resorts

Blackstone clinches US$6.15bln takeover of Crown Resorts

Jun 24, 2022  

Jeju still studying online gaming for its casinos: govt

Jeju still studying online gaming for its casinos: govt

Jun 24, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$5.8 million

Amount that each Macau casino operator paid for the circa six-month extension of their respective contract



Most Popular

  • Okada Manila control dispute back in court: UniversalOkada Manila control dispute back in court: Universal June 22, 2022
  • Macau ops sign contract extension, eye fresh public tenderMacau ops sign contract extension, eye fresh public tender June 23, 2022
  • Macau gaming ops contract rollover signed today: CEMacau gaming ops contract rollover signed today: CE June 23, 2022
  • Macau shuts leisure sites amid Covid, casinos can still runMacau shuts leisure sites amid Covid, casinos can still run June 23, 2022
  • Claimed US$3.5mln scam on Chinese, Daegu Casino: reportsClaimed US$3.5mln scam on Chinese, Daegu Casino: reports June 22, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us