The October results have had a positive impact on the overall gaming revenue for the year 2023, bringing it to approximately MOP148.45 billion ($18.43 billion), or about 60% compared to 2019. This revival is expected to bolster Macau SAR's financial position, allowing it to once again record a surplus.Īttributing this optimism to the increasing number of tourists from mainland China and other regions and countries, Macau SAR authorities estimate that the government will accrue approximately MOP107 billion ($13.3 billion) in public revenue while incurring MOP105.9 billion ($13.18 billion) in expenditure in the forthcoming year, resulting in a surplus of MOP1.1 billion ($124.34 million), Macau Business reported.Īccording to the Gaming Inspection and Coordination Bureau, the casino industry recorded gross gaming revenue of MOP19.5 billion ($2.42 billion) in October, s etting a new post-Covid record as it reached over 73% of the revenue levels seen in 2019. The Macau Special Administrative Region (SAR) government anticipates a resurgence in the local casino sector, projecting it to generate a total of MOP216 billion (approximately $27 billion) in gross gaming revenue for the year 2024.
