The gross value added that the gaming sector contributed to the overall economy of the Macau SAR has dropped sharply by 51.6 percent year-on-year to MOP30.3 billion ($3.76 billion) in 2022, according to the city’s Gaming Sector Survey 2022.
The survey, published by the Macau Statistics and Census Bureau (DSEC) reported that the gross surplus of the gaming sector before taxes were deducted witnessed a significant drop of 72.8 percent year-on-year to MOP11.5 billion ($1.4 billion) in the previous year.
The survey focuses on gaming activities, and gathered data from 9 enterprises involved in gaming operations, excluding data on hotel, retail and other businesses operated by these firms.
Additionally, the total receipts of the gaming sector dropped by 49.2 percent year-on-year to MOP46.2 billion ($5.7 billion), with receipts from games of chance specifically declined by 51.5 percent to MOP42.1 billion ($5.2 billion).
The total expenditure of the gaming sector went down by 24.7 percent year-on-year to MOP40.3 billion ($4.9 billion), which was primarily driven by a substantial 66.6 percent decrease in expenditure on goods purchases, commissions, and customer rebates.
The number of full-time workers employed in the gaming sector in the city also dropped by 5 percent year-on-year to 52,174 workers in 2022.
At the same time, Gross Fixed Capital Formation (GFCF) of the sector totaled MOP4.36 billion ($540.4 million) in 2022, down by 83.5 percent year-on-year, with buildings & other constructions representing about 73.6 percent of the total.
