Gaming sector saw business performance improvement in 2016

Macau’s gaming sector saw a year-on-year improvement in business performance in 2016, with the gross value added recording positive growth, according to data from the Statistics and Census Service (DSEC).

Gross Value Added is a measure of the sectoral contribution to the economy, which edged up 0.5 percent year-on-year to MOP 155.4 billion.

Total gaming receipts amounted to MOP 229 billion, down by 1.8 percent year-on-year in 2016. This was compared to a decrease of 34.3 percent recorded in 2015.

Total expenditure of the gaming sector amounted to MOP 96.9 billion, down by 4.8 percent year-on-year.

Operating expenses however increased 12.7 percent year-on-year to MOP 23.9 billion, with expenditure on complementary goods & services provided to customers (such as hotel accommodation and food & beverage) making up the largest portion of the total amount.

More news from this jurisdiction

MacauThursday, Nov 16, 2017

The Macau Gaming Equipment Manufacturer Association’s (MGEMA) annual trade show concluded on Thursday afternoon after a busy three day event.

MacauThursday, Nov 16, 2017

Meaningful diversification of gaming products will be a long time coming due to the slow turning wheels of regulation, said at panel of analysts at the Macao Gaming Show on Thursday.

MacauThursday, Nov 16, 2017

Nearly 1,000 guests attended a gala dinner for the Macau Gaming Equipment Manufacturers Association (MGEMA) on Wednesday night at the Grand Ballroom of the JW Marriott.

MacauThursday, Nov 16, 2017

The 2017 MGS Entertainment Show and Summit got off to a strong start yesterday, with industry professionals visiting the exhibition at The Venetian Macao.

MacauWednesday, Nov 15, 2017

The number of casino exclusions in Macau reached 283 in the first three quarters of 2017.

MacauWednesday, Nov 15, 2017

The 2017 MGS Entertainment Show and Summit kicked off on Tuesday morning with its opening ceremony at The Venetian Macao.

MacauTuesday, Nov 14, 2017

While Macau’s rich cultural history will be key to turning the city into “must-see” tourist destination, there is also an opportunity to improve hospitality offerings and expand new industries, such as esports, according to experts at the MGS Summit.