Macau’s GDP expected to see two-digit growth in first six months of 2010

24 March 2010

Macau, China, 24 March – Macau’s Gross Domestic Product (GDP) is expected to see two-digit growth in the first half of this year, the secretary for the Economy and Finance, Francis Tam, said Tuesday in Macau.

The minister also said that he was confident that during the second half of the year economic growth in Macau would remain stable.

Tam, who was speaking at the Macau Legislative Assembly during the presentation of the government’s lines of action for 2010, also said that in the casino sector the number of gaming tables would rise by just 3 to 4 percent per year.

“Until the end of 2012 we project a rise of 10 percent against the current 4,770 tables, which would be a total of 5,500 tables at the beginning of 2013,” he said.

He also said that all requests for construction of casinos had been suspended but that projects that had already received authorisation could continue. He did not say how many more casinos would be built over the next few years.

Macau currently has 33 casinos and gross revenues in February totalled 13.5 billion patacas (US$1.69 billion), a rise of 69 percent on the same month of 2009. (macauhub)