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Macau government projects $26.8 billion in GGR for 2024

In the 2024 fiscal year budget proposal released on Wednesday, the Macau government anticipates that the city’s casino gross gaming revenue (GGR) for 2024 will amount to MOP216 billion ($26.8 billion).

‘As Macau introduces more new tourism elements and further expands its domestic and international customer base, it is expected that the number of visitors to Macau will continue to rise. Based on this, it is estimated that the casino gross gaming revenue for the fiscal year 2024 will be MOP216 billion,’ it wrote in a justification note.

The government also notes that the projection will serve as the ‘primary financial revenue basis for the Macau government’s budget for the fiscal year 2024.’

In the city’s Chief Executive 2023 policy address last November, the Macau government estimated 2023 gross gaming revenue at MOP130 billion ($16.25 billion). As of October, Macau’s GGR had already surpassed the government’s goal.

MACAU, GGR, OCTOBER-2023

The government raised by 66 percent the GGR projection for 2024 compared to this year.

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

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