Noticias de ultima
  • 12.00 EGT Digital to demonstrate its latest iGaming solutions at Irish Gaming Show 2024
  • 12.00 Macau posts US$ 2.3B in February casino revenue
  • 12.00 Lottery commission approves eight sports betting licenses in North Carolina
  • 12.00 State of the online gambling market 2023 in Spain
  • 12.00 New York is nation’s leader in sports betting revenue, says report
  • 12.00 Win Systems will showcase its innovative solutions at the Irish Gaming Show
  • 12.00 Aristocrat Gaming Releases NFL Winning Drive for Class 2 Markets
  • 12.00 Soft2Bet Wins ‘In-House Innovation of the Year’ at the EGR Nordics Awards 2024
  • 12.00 SBC Summit Rio: An Exploration of the Dynamic Brazilian Landscape
  • 12.00 Nevada gaming win hits $1.28 B to start 2024
Gaming

Macau economy to rise at least 20 % this year – University of Macau

Tuesday 07 de February 2023 / 12:00

2 minutos de lectura

(Macau).- The University of Macau expects the domestic economy to grow between 20.5 per cent and 44.1 per cent, allowing the government to rake in revenue of at least MOP 55 billion (US$6.7 billion).

Macau economy to rise at least 20 % this year – University of Macau

According to the Macroeconomic Forecast for Macao 2023 by the Centre for Macau Studies (CMS), and Department of Economics of the university, the city’s economy will rise somewhere between the range of 20.5 per cent to 44.1 per cent, while exports of services will increase between 35.2 per cent and 82.8 per cent.

The final revenue of the Macao SAR government will remain at around MOP 55.4 billion to MOP 66.1 billion, the university said.

“Macao’s economic recovery is also expected to be more obvious, especially in the second half of the year,” its researchers stressed.

The conclusion was drawn based on three different scenarios envisaged by a research team at the university, with the best scenario pointing to a recovery of 67 per cent of the 2019 level in terms of GDP, which could rebound to MOP253.3 billion.

When it comes to exports of services, the best scenario put forth by the research team suggests an 82.8 per cent recovery. The researchers also made three other scenarios regarding visitor arrivals, which they believe could number a total of 10.75 million this year in the less optimistic situation.

The city logged close to 40 million tourists in 2019.

During a meeting on government economic policies today, Chief Executive Ho Iat Seng said that the domestic economy had gained steam after three years of Covid restrictions, with multiple positive signs on the way, citing tourist figures during the Lunar New Year holiday when over 450,000 visitor arrivals were logged.

Macau posted an 82.5% year-on-year increase in gaming revenue to MOP11.6 billion last month, the first year-on-year increase since February last year, and the highest monthly revenue since January 2020 when Covid started to wreak economic havoc.

By Aries Un

Categoría:Gaming

Tags: Sin tags

País: Macao

Región: Asia

Event

ICE London 2024

06 de February 2024

Soft2Bet Wins ‘In-House Innovation of the Year’ at the EGR Nordics Awards 2024

(Malta).-Soft2Bet’s dedication to innovation and technical excellence was recognised by industry peers as the company won the ‘In-House Innovation of the Year’ Category at this year’s prestigious EGR Nordics Awards 2024.

Friday 01 Mar 2024 / 12:00

Novomatic: The biggest exhibitor in ICE 2024 unveiled its full range of gaming innovations

(London, SoloAzar Exclusive).- Thomas Schmalzer, VP Global Sales / VP Product Management, NOVOMATIC AG, granted an interview to SoloAzar in which he commented the product highlights and the innovative gaming solutions recently launched at ICE London 2024.

Friday 01 Mar 2024 / 12:00

“At ICE London, in addition to the V- Line, we showcased a range of other exciting products designed to revolutionize the gaming experience”, Tjasa Luin, Alfastreet

(London, SoloAzar Exclusive).- Tjasa Luin, CEO at Alfastreet, granted an interview to SoloAzar to talk about the company's recent participation at ICE in London, where they showcased their new V-Line, launching the new V10 alongside with the V-8. She also told us about the firm's work strategy for this year and for ICE Barcelona 2025: to continue innovating in technology in their product line to keep providing the best user experience.

Thursday 29 Feb 2024 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO