Casino receipts rise 6.8 pct last month, up 0.5 pct in Jan-Feb

2025-03-01 13:58
BY Staff Reporter
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   Macau’s 30 casinos generated gross gaming revenue (GGR) of 19.744 billion patacas (US$2.46 billion) last month, a year-on-year growth of 6.8 percent, the Gaming Inspection and Coordination Bureau (DICJ) has announced today.

 

   Month on month, GGR was up by 8.16 percent from the 18.254  billion patacas recorded in December 2024. In January, GGR fell by 5.6 percent year on year. 

   In the first two months, GGR increased by 0.5 percent year on year to 37.998 billion patacas. 

 

   Macau’s government-concessioned gaming industry is run by six rival integrated resort (IR) operators – Sands, Galaxy, SJM, Melco, Wynn, and MGM. Under their concession agreements with the government, the IR operators are required to strengthen their non-gaming attractions and support Macau’s cultural heritage promotion and old-quarter renovation projects. The operators pay 35 percent of their GGR as direct gaming tax to the government, aside from an additional 5.0 percent in levies for funding a range of public causes.  However, Macau's gaming law, amended in 2022, allows the government to lower its additional levies (officially termed "contributions") for a raft of reasons, such as for operators expanding their foreign client markets or when they have to cope with unforeseen adverse developments affecting their business operations. So far, this has not been the case.

 

 

   Last year’s GGR rose by 23.9 percent year on year to 226.78 billion patacas (US$28.39 billion), reaching 77.5 percent of the GGR recorded in pre-pandemic 2019, exceeding the government's forecast by 4.95 percent. Macau recorded its first COVID-19 case in January 2020. The pandemic severely affected Macau’s economy in general, its gaming sector in particular, between early 2020 and late 2021.

 

  Macau’s casinos recorded their highest annual GGR of 360.7 billion patacas in 2013. Last year’s GGR reached 62.87 percent of the one in 2013.

 

    In 2024, baccarat generated 84.9 percent of local casinos' GGR, among 16 games of chance. Gaming machines produced 5.7 percent of GGR last  year.

 


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