The Macau government has submitted its 2025 Fiscal Year Budget Proposal to the Legislative Assembly, forecasting a continued recovery in the gaming and tourism sectors.
Officials expect an increase in visitor arrivals next year, although travel and spending patterns may shift.
Based on an analysis of various factors, the government estimates that gross gaming revenue will reach MOP240bin (US$29.7bn) in 2025. This projection serves as the primary revenue basis for drafting the fiscal budget for the upcoming year.
The proposal outlines that Macau’s general consolidated budget for 2025 anticipates revenue of MOP121.09bn ($15bn) and expenditures of MOP113.38bn ($14.1bn), resulting in a projected budget surplus of MOP7.7bn ($954m).
In the first 10 months of 2024, Macau’s casino GGR reached MOP190.1bn ($23.7bn), reflecting a 28.1 per cent year-on-year increase. However, this figure remains 23 per cent lower than the same period in 2019, when GGR amounted to MOP 246.9bn ($30.8bn).
Source: Asia Gaming Brief
