Saturday, May 28, 2022

Revenue likely to drop in 15H1, Lionel Leong



Macau secretary for economy and finance Lionel Leong Vai Tac said yesterday that, according to gaming results data, gaming revenue in the first half of this year is likely to drop, following the trend of the second half of 2014. 

Commenting on the fact that Macau’s gaming market has undergone large changes in the past seven months, Mr. Leong indicated that, barring any big surprise, average monthly gaming revenue should reach between MOP23 billion to MOP28 billion ($2.97 - $3.61 billion) this year, possibly improving over Chinese New Year, Labor Day, and National Day – traditional Chinese holidays during which Chinese tourists tend to travel most. He added that so far there are no forecasts of Macau’s 2015 economy but expressed his optimism about its long-term development.

Lionel Leong was talking to media following a trip to Beijing where he accompanied chief executive Chui Sai On who visited several ministerial departments, including the National Development and Reform Commission (NDRC). The NDRC vice chairman said that the Commission is in the process of drafting the 13th Five-year plan and that it hoped to develop further co-operation between the Commission and the SAR Government.

 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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