International edition
September 28, 2021

Gross fixed capital formation fell sharply by 88.3% to us$ 117 million

Macau: Authorities released official report on the gaming sector for 2008

(Macau).- Information from the Statistics and Census Service indicated that Total Receipts and Total Expenditure of the Gaming Sector amounted to us$ 14.1 billion and us$ 7.3 billion, up notably by 30.5 % and 29.9 % respectively; moreover, Gross Value Added that measures the sectoral contribution to the economy also went up by 31 % to us$ 8.5 billion.

H

owever, Gross Fixed Capital Formation fell sharply by 88.3% to us$ 117 million upon conclusion of the construction of major tourism and gaming facilities, as well as suspension of other projects.
   
Total Receipts reached us$ 14.1 billion, of which receipts from Gaming & Related Services such as food & beverages, currency exchange, etc. amounted to us$ 14 billion, an increase of 30.6% from 2007; Interest Receipts dropped by 31.3 % to us$ 20.6 million.
   
Total Expenditure amounted to us$ 7.3 billion, with Purchase of Goods & Commission Paid soaring by 37.7 % from 2007 to us$ 4.1 billion (56.8 % of total); meanwhile, Operating Expenses (us$ 1.3 billion) and Compensation of Employees (us$ 1.3 billion) increased by 11.4 % and 23.2 % respectively.

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