Gambling revenue in Macau expected to decline in 2015

9 December 2014

Monthly gross gaming and gambling revenue in Macau is expected to decline to MOP 27.5 billion patacas (US$3.437 billion) in 2015, after totalling 30 billion patacas this year, said Macau’s chief executive, Chui Sai On.

The chief executive, in a statement from the Government Information Bureau, said the government expected a drop in gaming revenues as the Macau economy was experiencing an “adjustment phase.”

Chui was speaking on Sunday on his departure to Beijing, where he will take part in the opening ceremony of the Exhibition Commemorating the 15th anniversary of the establishment of the Macau Special Administrative Region (MSAR).

The Chief Executive reiterated “foreign reserves are sufficient to ensure public spending on people’s livelihood, if the economy experiences a problem.”

He said, moreover, that the government “will endeavour to drive economic diversification and regional development” and added, “Although the gaming sector represents a good part of the economy, the proportion of elements outside this sector has grown.” (macauhub/MO)