• 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 GDP slumps 20 pct in 2015 on gaming slowdown

Mar 03, 2016 Newsdesk Latest News, Macau, Top of the deck  


Macau GDP slumps 20 pct in 2015 on gaming slowdown

Macau’s gross domestic product (GDP) declined by 20.3 percent year-on-year in real terms in 2015, said the city’s Statistics and Census Service on Thursday. The drop in GDP accelerated from the 0.9-percent year-on-year slump seen in 2014, as casino gross gaming revenue (GGR) in the city continued to slide.

Macau’s accumulated GGR for the full year of 2015 fell 34.3 percent compared to 2014, according to data released by the city’s regulator, the Gaming Inspection and Coordination Bureau. In 2014, GGR had fallen 2.6 percent.

“Owing to the continuous decline in exports of tourism and gaming services, GDP for the fourth quarter of 2015 contracted by 14.4 percent year-on-year in real terms, a notable deceleration from the 21.0 percent decline in the previous quarter,” the statistics bureau said in a release.

Gaming services in Macau are included in exports when calculating the city’s GDP. That is in order to reflect expenditure by tourists in the city’s casinos.

Last year, gaming service exports were directly responsible for 50 percent of Macau’s MOP368.7-billion (US$46.0 billion) GDP, a decline of 10 percentage points compared to 2014, according to figures from the statistics bureau.

In 2015, Macau’s GDP per capita was MOP574,790, a decrease of 22.8 percent in year-on-year terms.


  • tweet
Related articles
  • Macau GDP could rise by 44pct in 2023: University of Macau
    Macau GDP could rise by 44pct in 2023:...

    Feb 07, 2023  

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

    Jan 27, 2023  

More news
  • Alvin Chau and prosecution appeal court sentence
    Alvin Chau and prosecution appeal court...

    Feb 08, 2023  

  • LVS ranked by S&P as most sustainable casino sector firm
    LVS ranked by S&P as most...

    Feb 08, 2023  


Latest News

Alvin Chau and prosecution appeal court sentence

Alvin Chau and prosecution appeal court sentence

Feb 08, 2023  

The defence and the prosecution have respectively appealed against a Macau court’s sentencing decision that encompassed Alvin Chau Cheok Wa, former boss of now-defunct Macau casino junket...
Read More
LVS ranked by S&P as most sustainable casino sector firm

LVS ranked by S&P as most sustainable casino sector...

Feb 08, 2023  

Crane aims to complete split into 2 listed entities by April 3

Crane aims to complete split into 2 listed entities by...

Feb 08, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"The company will scrutinise the [26 Capital] lawsuit and properly deal with it"

Universal Entertainment

Japanese firm that controls the Okada Manila casino resort in the Philippines



Most Popular

  • Macau mulls subsidy of up to US$62 per overseas visitorMacau mulls subsidy of up to US$62 per overseas visitor February 7, 2023
  • Macau early Feb average daily GGR higher than Jan: JPMMacau early Feb average daily GGR higher than Jan: JPM February 6, 2023
  • Ex-junket boss Levo Chan aimed to go to Taiwan: policeEx-junket boss Levo Chan aimed to go to Taiwan: police February 7, 2023
  • SPAC partner in Okada Manila listing sues Universal Ent sideSPAC partner in Okada Manila listing sues Universal Ent side February 7, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us