Macau casinos turn backs on sad year

Home » Macau casinos turn backs on sad year

Gross gaming revenue in Macau fell by 51.4 per cent in 2022, reaching only US$5.3bn, as the territory struggled against COVID restrictions.

It was the lowest-ever annual revenue recorded for nearly 20 years for the six concessionaires in the Chinese territory.

The figures come from the Gaming Inspection and Co-ordination Bureau.

In December, the figure fell by 56 per cent compared with the previous year. It places a spotlight on the commitments made by the licence winners in the recent round of bidding for the 10-year permits.

The six winners have committed to investing $15bn over that decade and 90 per cent of it must be spent on non-gaming, raising the current five per cent of overall gaming revenues on non-gaming to over 30 per cent.

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