MOP 130 Billion 2022 Gaming Revenue Target Possible Without Outbreaks – CE – Macau Business

Chief Executive Ho Iat Seng said the Government is still expecting to achieve MOP130 billion in gross gaming revenue in 2022, as forecast in the budget for next year, however as the outlook for next year remains unclear, should there be any local cases, the year’s gross gaming revenue might not meet the MSAR Government’s expectation, he said as quoted in a press release.

The Chief Executive (CE) was talking to the media at the Macau International Airport after returning to the SAR following a four-day duty visit to Beijing.

The Government had also estimated that gaming revenue for 2021 would reach MOP130 billion, however official figures related to the first eleven months of the year show that gross revenue did go beyond MOP 78.9 billion.

The gross revenue for 2021 would have been close to that figure, had the city not experienced COVID-19 outbreaks respectively in August, September and October, the Chief Executive said.

Regarding the situation of the VIP junket industry, Ho Iat Seng said the Government has no role in relation to the cooperation between gaming concessionaires or sub-concessionaires, and gaming promoters, adding that the gaming promoters were not a mandatory element of either the concession or sub-concession contracts.

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