Macau gaming sector s contribution to economy in 80 decline

Macau’s casinos contributed MOP41

Macau’s casinos contributed MOP41.85bn ($5.22bn) to the local saving inwards 2020, an 80% year-on-year decline.

The a la mode(p) figure, from the Statistics and Census Service, shows that border closures and land-based restrictions had a prejudicious impact on the region’s casinos, both of which are a direct outcome of the on-going Covid-19 pandemic.

The yr also saw gross surplus of the sector autumn past 88% to MOP22.13bn. type A measure out of how in effect receipts are converted into surplus, Gross Surplus Ratio drop past 26.1 percentage points to 36.1.

Total expenditure of the gaming sector was MOP46.42bn, a 61% fall from the prior-year period. This included an 83% decline inwards expenditure on the purchase of goods, commissioning paid and customer rebates to MOP9.43bn.

Operating expenses meanwhile declined past 69% to MOP9.95bn, including a 75% autumn inward the amount spent on complementary goods and services provided to customers to MOP4.64bn.

Despite the overall decline, the gaming sector remains the Macau Government’s primary election seed of revenue, with MOP29.81bn inwards tax self-collected for 2020, comprising o'er 70% of all assess revenue self-contained inward the region.

The figures come up after Secretary for Economy and Finance Lei Wai Nong suggested Macau’s income from GGR for 2021 may pass below the predicted MOP130bn.

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