{"id":253503,"date":"2023-01-13T09:12:26","date_gmt":"2023-01-13T15:12:26","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=253503"},"modified":"2023-01-13T12:31:07","modified_gmt":"2023-01-13T18:31:07","slug":"macau-maintains-2023-gaming-revenue-forecast-16b","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/","title":{"rendered":"Macau Maintains 2023 Gaming Revenue Forecast of $16B, Group Tours to Resume"},"content":{"rendered":"<p class=\"p1\">Macau is finally experiencing meaningful visitor traffic. That&#8217;s after more than three years of the region&#8217;s resorts being deserted because of the pandemic and China&#8217;s &#8220;zero-COVID&#8221; policy.<\/p>\n<p class=\"p1\">After the mainland ditched the program, Macau this month followed Beijing&#8217;s lead and <a href=\"https:\/\/www.casino.org\/news\/macau-reopening-to-entire-world-hub-drops-pandemic-protocols\/\">reopened its borders<\/a> and lifted nearly all entry protocols. Now, the casino enclave is welcoming back gamblers, nonresident workers, businesspeople, and leisure travelers.<\/p>\n<figure id=\"attachment_253507\" aria-describedby=\"caption-attachment-253507\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-253507\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3.jpg\" alt=\"Macau gaming revenue outlook China COVID-19\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3-858x572.jpg 858w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3-430x287.jpg 430w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3-302x200.jpg 302w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3-238x158.jpg 238w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3-194x128.jpg 194w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption  id=\"caption-attachment-253507\"class=\"text-description\">Macau Chief Executive Ho Iat Seng delivers an address at the 2023 Spring Festival reception hosted by the government&#8217;s Liaison Office. Gaming is beginning to recover in the Chinese region where casinos are permitted. (Image: Macau Government)<\/figcaption><\/figure>\n<p class=\"p1\">Macau counted more than 100K entries during the first three days after the local government withdrew testing, quarantine, and observation requirements for most arrivals. International travelers, so long as they test negative before boarding their plane for China, can now freely move about Macau with no further restrictions.<\/p>\n<div class=\"callout\">\n<p class=\"p1\">Though the quick rebound in visitor traffic following the lifting of entry rules is expected to ignite a gaming recovery, Macau Chief Executive Ho Iat Seng confirmed Thursday that the government would not be immediately adjusting its <a href=\"https:\/\/www.casino.org\/news\/macau-casinos-win-5b-in-2022\/\">gross gaming revenue<\/a> (GGR) forecast for 2023.<\/p>\n<\/div>\n<p class=\"p1\">Ho said the government will continue to expect casino income to come in around MOP130 billion (US$16.16 billion) for the year.<\/p>\n<blockquote class=\"main-blockquote\">\n<p class=\"p1\"><strong>The government will not revise this forecast for the time being and hopes that all sectors of the community will work hard to achieve this figure,&#8221;<\/strong> Ho said.<\/p>\n<\/blockquote>\n<p class=\"p1\">Macau relies greatly on its six casino operators, with gaming accounting for more than 80 cents of every tax dollar before the pandemic.<\/p>\n<p class=\"p1\">Macau is trying to lessen its dependency on gaming through its new gaming industry regulatory regime. In exchange for issuing the six gaming firms fresh 10-year gaming licenses, which commenced January 1, Macau ordered the companies to collectively invest at least $13.5 billion in nongaming projects over the life of the concessions.<\/p>\n<h2 class=\"p1\"><b>2023 Forecast Less Than Half of 2019<\/b><\/h2>\n<p class=\"p1\">Macau is optimistic about an economic recovery, with casinos hoping to field similar pent-up demand that other major gaming markets &#8212; notably, the Las Vegas Strip &#8212; experienced once their countries returned to a sense of normal. Las Vegas Sands, Galaxy Entertainment, Melco Resorts, Wynn Resorts, MGM Resorts, and SJM Resorts bled millions of dollars in overhead each month they kept their multibillion-dollar properties open and staffed during the last three years.<\/p>\n<p class=\"p1\">The operators have been waiting for this moment since early 2020, when the region went on lockdown. Macau&#8217;s borders are once again open to the entire world, and residents from the mainland, Hong Kong, and Taiwan can come and go as they wish.<\/p>\n<h3 class=\"p1\"><strong>Macau Casino GGR<\/strong><\/h3>\n<ul>\n<li class=\"p1\">2013 &#8212; $45B<\/li>\n<li class=\"p1\">2014 &#8212; $43.9B<\/li>\n<li class=\"p1\">2015 &#8212; $28.8B<\/li>\n<li class=\"p1\">2016 &#8212; $27.9B<\/li>\n<li class=\"p1\">2017 &#8212; $33.2B<\/li>\n<li class=\"p1\">2018 &#8212; $37.8B<\/li>\n<li class=\"p1\">2019 &#8212; $36.5B<\/li>\n<li class=\"p1\">2020 &#8212; $7.53B<\/li>\n<li class=\"p1\">2021 &#8212; $10.8B<\/li>\n<li class=\"p1\">2022 &#8212; $5.25B<\/li>\n<\/ul>\n<h2 class=\"p1\"><b>Group Tours to Resume<\/b><\/h2>\n<p class=\"p1\">Macau continues to become more accessible for nonresidents and foreigners.<\/p>\n<div class=\"callout\">\n<p class=\"p1\">A critical component of the gaming industry is group tours. Ho said during his press event that group tours will resume following the subsiding of the current COVID-19 spread across the mainland and enclave.<\/p>\n<\/div>\n<p class=\"p1\">Macau&#8217;s Civil Aviation Authority also announced on Friday that flight service with South Korea and Thailand will resume next week. That news comes just ahead of the Chinese New Year, which is officially January 22. The first seven days, January 22-29, are considered a public holiday in China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau is finally experiencing meaningful visitor traffic. That&#8217;s after more than three years of the region&#8217;s resorts being deserted because of the pandemic and China&#8217;s &#8220;zero-COVID&#8221; policy. After the mainland ditched the program, Macau this month followed Beijing&#8217;s lead and reopened its borders and lifted nearly all entry protocols. Now, the casino enclave is welcoming [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":253507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[82061,80969,84523,51,84522],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Macau Maintains 2023 Gaming Revenue Forecast of $16B<\/title>\n<meta name=\"description\" content=\"Macau is finally experiencing meaningful visitor traffic after three years of the region&#039;s resorts being deserted because of the pandemic.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau Maintains 2023 Gaming Revenue Forecast of $16B\" \/>\n<meta property=\"og:description\" content=\"Macau is finally experiencing meaningful visitor traffic after three years of the region&#039;s resorts being deserted because of the pandemic.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-13T15:12:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-13T18:31:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O&#039;Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O&#039;Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/\",\"url\":\"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/\",\"name\":\"Macau Maintains 2023 Gaming Revenue Forecast of $16B\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3.jpg\",\"datePublished\":\"2023-01-13T15:12:26+00:00\",\"dateModified\":\"2023-01-13T18:31:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Macau is finally experiencing meaningful visitor traffic after three years of the region's resorts being deserted because of the pandemic.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Macau Chief Executive Ho Iat Seng delivers an address at the 2023 Spring Festival reception hosted by the government's Liaison Office. Gaming is beginning to finally recover in the Chinese region where casinos are permitted. (Image: Macau Government)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia Pacific Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Macau Maintains 2023 Gaming Revenue Forecast of $16B, Group Tours to Resume\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\",\"name\":\"Devin O'Connor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"caption\":\"Devin O'Connor\"},\"description\":\"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/devinoconnor\/\",\"https:\/\/x.com\/CasinoorgDevinO\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Macau Maintains 2023 Gaming Revenue Forecast of $16B","description":"Macau is finally experiencing meaningful visitor traffic after three years of the region's resorts being deserted because of the pandemic.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Macau Maintains 2023 Gaming Revenue Forecast of $16B","og_description":"Macau is finally experiencing meaningful visitor traffic after three years of the region's resorts being deserted because of the pandemic.","og_url":"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2023-01-13T15:12:26+00:00","article_modified_time":"2023-01-13T18:31:07+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3.jpg","type":"image\/jpeg"}],"author":"Devin O'Connor","twitter_card":"summary_large_image","twitter_creator":"@CasinoorgDevinO","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Devin O'Connor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/","url":"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/","name":"Macau Maintains 2023 Gaming Revenue Forecast of $16B","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3.jpg","datePublished":"2023-01-13T15:12:26+00:00","dateModified":"2023-01-13T18:31:07+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf"},"description":"Macau is finally experiencing meaningful visitor traffic after three years of the region's resorts being deserted because of the pandemic.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/i23ajyuao3.jpg","width":1200,"height":800,"caption":"Macau Chief Executive Ho Iat Seng delivers an address at the 2023 Spring Festival reception hosted by the government's Liaison Office. Gaming is beginning to finally recover in the Chinese region where casinos are permitted. (Image: Macau Government)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/macau-maintains-2023-gaming-revenue-forecast-16b\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Asia Pacific Gaming","item":"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/"},{"@type":"ListItem","position":3,"name":"Macau Maintains 2023 Gaming Revenue Forecast of $16B, Group Tours to Resume"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.","sameAs":["https:\/\/www.linkedin.com\/in\/devinoconnor\/","https:\/\/x.com\/CasinoorgDevinO"],"url":"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/253503"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=253503"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/253503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/253507"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=253503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=253503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=253503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}