• 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’s GGR growth stable despite challenges: Leong

Nov 07, 2018 Newsdesk Latest News, Macau, Top of the deck  


Macau’s GGR growth stable despite challenges: Leong

Macau’s Secretary for Economy and Finance Lionel Leong Vai Tac (pictured) said on Tuesday that he expected the city’s gaming industry to record higher gross gaming revenue (GGR) this year compared to 2017. The official also stressed the importance of developing more non-gaming elements for the casino operators to be able to attract more “mass-market customers”.

Speaking to reporters on the sidelines of a public event in Shanghai, Mr Leong said the city’s GGR growth remained stable despite challenges to the city’s economy, namely from a slowing mainland China economy and the depreciation of the Chinese currency.

Macau market’s accumulated GGR for the first 10 months of 2018 stood at approximately MOP251.38 billion (US$31.2 billion), up by 14.3 percent from the prior-year period, according to the latest data released from the Gaming Inspection and Coordination Bureau. Several analysts forecasted that the annual growth in GGR in Macau casinos this month could range from 1.6 percent to 8 percent.

Macau’s GGR for full-year 2017 grew by almost 20 percent compared to the tally of previous year, which also marked the first year of GGR growth after three consecutive years of annual decline.

In his Tuesday comments, Mr Leong said additionally that he believed that having more non-gaming elements could help boost mass-market customers’ visits, and help enhance the casino operators’ resilience against the uncertainties in the current market. Macau’s small- and medium-sized businesses could also benefit from the development of more non-gaming elements associated with the local gaming industry, he added.


  • tweet
Related articles
  • Most top Macau hotels at casinos still rooms for May hols
    Most top Macau hotels at casinos still...

    Apr 28, 2022  

  • Macau GGR targets hurt ops with low-yield assets: broker
    Macau GGR targets hurt ops with...

    Apr 19, 2022  

More news
  • New Lim cruise biz only months after GEN HK in liquidation
    New Lim cruise biz only months after...

    May 18, 2022  

  • Kangwon drove 2021 S.Korea casino revenue growth: govt
    Kangwon drove 2021 S.Korea casino...

    May 18, 2022  


Latest News

New Lim cruise biz only months after GEN HK in liquidation

New Lim cruise biz only months after GEN HK in liquidation

May 18, 2022  

A casino cruise brand reportedly controlled by Malaysian entrepreneur Lim Kok Thay is to launch services from Singapore fewer than five months after the Lim family-founded Dream Cruises brand of the...
Read More
Kangwon drove 2021 S.Korea casino revenue growth: govt

Kangwon drove 2021 S.Korea casino revenue growth: govt

May 18, 2022  

Over 7.9mln Bloomberry shares vested to some senior execs

Over 7.9mln Bloomberry shares vested to some senior execs

May 18, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$10 billion

Target set by gaming equipment and online content provider Light & Wonder for total capital creation from 2022 to 2025



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Alleged bribe offer to ex-Wynn manager probed by HK, MacauAlleged bribe offer to ex-Wynn manager probed by HK, Macau May 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us