Lionel Leong backs Macau govt GGR forecast for 2016

Macau Secretary for Economy and Finance Lionel Leong Vai Tac is backing the government forecast for casino gross gaming revenue (GGR) in 2016.

In November, Fernando Chui Sai On Macau’s Chief Executive said that economic forecast for 2016 is MOP200 billion, an average of MOP16.6 billion per month.

Leong, based on year-to-date figures, said that the government’s forecast is “unreasonable.”

“From the third to the fourteenth day of the Chinese New Year [February 10 to February 21] we observed that it [casino revenue] had equaled the same period last year,” Leong quoted by Business Daily. “As the gaming revenue earned during Chinese New Year is almost equal to that of last year, we estimate that the gaming revenue of February will maintain at a similar level to December 2015 and January.”