• 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 govt forecasts flat casino GGR in 2020: budget

Nov 13, 2019 Newsdesk Latest News, Macau, Top of the deck  


Macau govt forecasts flat casino GGR in 2020: budget

The Macau government forecasts the city’s casino gross gaming revenue (GGR) to come in at about MOP260 billion (US$32.2 billion) in 2020, flat compared to the forecast for 2019.

That is based on a forecast that direct taxable income from gaming will be MOP91.0 billion, according to the government’s 2020 budget plan announced on Tuesday. That is the same figure as estimated by the government for the whole of 2019.

The government taxes the GGR of Macau casinos at a rate of 35 percent, but other levies on casino gaming raise the tax rate to 39 percent, in effect.

The local authorities are usually conservative in their annual forecasts on direct taxable income from gaming, typically underestimating the eventual tallies by a wide margin.

The aggregate of Macau casino GGR for the 10 months to October 31 stood at MOP246.74 billion, a contraction of 1.8 percent year-on-year, according to official data.

Macau’s accumulated casino GGR for full-year 2018 stood at nearly MOP302.85 billion, a 14-percent increase compared to the tally of 2017, according to data published by the gaming bureau in January. It marked the second straight year of GGR growth, following an increase of 19.1 percent in full-year 2017. Before that, the Macau market had experienced three consecutive years of annual decline.

An analyst at Fitch Ratings Inc said recently that the ratings agency was forecasting “low single-digit growth” for the Macau casino industry in 2020.


  • tweet
Related articles
  • Macau November GGR down 18pct on October: govt
    Macau November GGR down 18pct on...

    Dec 01, 2023  

  • Philippine 2023 GGR likely 5pct up on 2019: consultancy
    Philippine 2023 GGR likely 5pct up on...

    Nov 30, 2023  

More news
  • Welcome mat, pricey hotels drag Macau MICE: sector
    Welcome mat, pricey hotels drag Macau...

    Dec 01, 2023  

  • Kangwon Land Inc CEO Lee Sam-Geol resigns: reports
    Kangwon Land Inc CEO Lee Sam-Geol...

    Dec 01, 2023  


Latest News

Welcome mat, pricey hotels drag Macau MICE: sector

Welcome mat, pricey hotels drag Macau MICE: sector

Dec 01, 2023  

Fresh event space in casino resorts is welcomed by Macau’s meetings, incentives, conferences and exhibitions (MICE) sector, but visitors’ reception on arrival in the city, high hotel prices, and...
Read More
Kangwon Land Inc CEO Lee Sam-Geol resigns: reports

Kangwon Land Inc CEO Lee Sam-Geol resigns: reports

Dec 01, 2023  

Paradise Co Nov casino rev top US$43mln, down sequentially

Paradise Co Nov casino rev top US$43mln, down sequentially

Dec 01, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We committed to the government to provide a full business idea and plan for Phase 1b around 12 months after the casino opens, therefore, probably early 2025”

Chen Si

President of the Mohegan Inspire Entertainment Resort in South Korea



Most Popular

  • Macau op premium play reinvestment 17pct of GGR: CLSAMacau op premium play reinvestment 17pct of GGR: CLSA November 30, 2023
  • Inspire Arena leads Mohegan debut in Asia gaming resort bizInspire Arena leads Mohegan debut in Asia gaming resort biz November 30, 2023
  • Macau November GGR down 18pct on October: govtMacau November GGR down 18pct on October: govt December 1, 2023
  • Mohegan Inspire still eyes 1Q24 casino debut: presidentMohegan Inspire still eyes 1Q24 casino debut: president December 1, 2023
  • Miriam Adelson selling US$2bln LVS stock to buy sports teamMiriam Adelson selling US$2bln LVS stock to buy sports team November 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us