Macau gaming receipts up 18.7% in 2017

Gaming-related receipts in Macau rose 18.7% year-on-year to MOP268 billion ($33.2 billion) in 2017, according to the city state government’s latest Gaming Sector Survey.

In its press release, the Statistics and Census Service (DSEC) noted that it was the first year-on-year increase since 2013. Much of the growth was “driven by the growth in VIP gaming business.”

The figures affirm data that DSAC had released earlier this year showing the Special Administrative Region’s gross domestic product (GDP) was up 9.1% to MOP404.2 billion ($50 billion), its best economic output since 2013, when GDP grew 11.2%.

The latest data was collected from the 10 enterprises engaged in gaming activities, whose total expenditure amounted to MOP114.9 billion ($14.2 billion), 18.5% higher than in 2016. Of the total expenditure, the purchase of goods, commission paid and customer rebates increased 23% year-on-year to MOP60.9 billion ($7.5 billion), for 53% of total expenditures.