The 10 gaming and gambling companies in Macau posted total operating income of 153.12 billion patacas (US$19.14 billion) in 2017, according to the region’s Statistics and Census Bureau.
Total revenues amounted to 268.01 billion patacas (US$33.50 billion), with annual growth of 18.7%, ending the three years of consecutive drops since 2014, with total expenses of 114.89 billion patacas (US$14.36 billion), a year-on-year increase of 18.5%.
Revenues from gambling and related services totalled 267.86 billion patacas, an increase of 18.7%, with a year-on-year increase of 18.9% in gaming revenues (266.54 billion patacas) and 11.9% in restaurants (567 million patacas).
Expenses on purchases of goods, commissions paid and offers to customers amounted to 60.86 billion patacas (+23.0%), accounting for 53.0% of the total.
Operating expenses totalled 27.94 billion patacas (+16.7%), mainly in goods and services provided free of charge to customers (such as lodging in hotel rooms and restaurants), which reached 12.60 billion patacas, up 16.5% year-on-year.
Expenditure on management services and services contracted from third parties (5.18 billion patacas) and promotion and publicity (4.79 billion patacas), saw respective increases of 32.3% and 12.0%.
Staff expenses amounted to 21.33 billion patacas, up 7.4% year-on-year, with non-operating expenses in the sector (such as depreciation and interest payments) totalling 4.76 billion patacas, with a year-on-year increase of 30.5%.
The Statistics and Census Bureau also reported that gross value added, reflecting the sector’s economic contribution, reached 179.07 billion patacas, corresponding to a year-on-year increase of 17.6%.
Gross fixed capital formation, or investment, in this sector stood at 949 million patacas in 2017, down 87.2% from 2016 (7.43 billion patacas), due to the conclusion in that year of several tourism and large-scale gaming facilities. (macauhub)