Macau: proceeds from gaming activities increased 18.7 percent in 2017

Receipts from Gaming & Related Services grew by 18.7% to MOP267.86 billion (USD 33.5 B).

2018-09-10

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The total receipts of the Chinese enclave's 10 enterprises engaging in gaming activities increased by 18.7% year-on-year to MOP268.01 billion (USD 33.5 B), according to data released by the Statistics and Census Service (DSEC) on Monday.

This marks an end to the downward trend over three consecutive years since 2014, Macau News reports.

Receipts from Gaming & Related Services grew by 18.7% to MOP267.86 billion (USD 33.5 B), with receipts from gaming (MOP266.54 billion) and food & beverage (MOP567 million) rising by 18.9% and 11.9% respectively. Meanwhile, interest receipts dropped by 10.9% year-on-year to MOP147 million owing to a decrease in deposits, said the DSEC.

Total expenditure of the gaming sector amounted to MOP114.89 billion, up by 18.5% year-on-year, of which expenditure on Purchase of Goods, Commission Paid & Customer Rebate rose by 23.0% to MOP60.86 billion, taking up 53.0% of the total.

Operating Expenses increased by 16.7% year-on-year to MOP27.94 billion, which were mainly incurred on complimentary goods & services (such as hotel accommodation and food & beverage) provided to customers (MOP12.60 billion), management services & contractual services (MOP5.18 billion) and marketing & publicity (MOP4.79 billion), up by 16.5%, 32.3% and 12.0% respectively.

Compensation of Employees went up by 7.4% year-on-year to MOP21.33 billion. Meanwhile, Non-operating Expenses (including depreciation and interest paid) totalled MOP4.76 billion, representing an increase of 30.5% year-on-year.

Gross Value Added that measures the sectoral contribution to economy totaled MOP179.07 billion, up by 17.6% year-on-year.

Gross Surplus of the sector amounted to MOP157.74 billion, up by 19.1%; Gross Surplus Ratio edged up by 0.2 percentage points to 58.9%.

Following the completion of several large-scale tourism and gaming facilities in 2016, Gross Fixed Capital Formation of the gaming sector in 2017 plunged by 87.2% from the MOP7.43 billion in 2016 to MOP949 million.

Macau’s gaming revenue climbed 17 percent in August from a year earlier to 26.6 billion patacas ($3.3 billion), according to data released in September by Macau’s Gaming Inspection and Coordination Bureau (DSIJ).

Casino revenue from January to August climb to MOP$ 202.1 billion compared to US$ 172 billion during the same period of 2017 a 17 percent increase.