Macau Adjusts Budget to Reflect Slow Gaming Revenue Growth
The government of Macau has reportedly adjusted its 2025 gross gaming revenue forecast from MOP 240 billion to MOP 228 billion due to slower economic recovery and global uncertainties.
LISTEN TO THIS ARTICLE:In a legislative session held this week, Secretary for Economy and Finance Tai Kin Ip informed assembly members that average monthly revenue as of May was MOP 19.5 billion, below the projected MOP 20 billion. If the current trend persists, he warned that year-end numbers will likely fall short of initial projections.
The updated budget plan accounts for lower-than-expected casino revenue and allocates more funds to support public welfare programs. These include an additional MOP 8.36 billion for pension payments, disability benefits, and childcare subsidies and MOP 2.95 billion for community stimulus programs from March to June.
In the adjusted financial plan, total income estimates now stand at MOP 116.5 billion, while expenditure is set at MOP 116.2 billion. The budget surplus is expected to be MOP 287 million, which is substantially less than earlier estimates.
According to Tai, the government is committed to managing its finances responsibly and will take measures, such as departmental spending controls, to maintain stability.
More Finance News
Satellite Casinos Shut Down
This development comes as Macau prepares to implement major reforms to its casino industry, starting January 1, 2026. The regulations, which specifically focus on concessionaires and their satellite casinos, aim to bring greater oversight and accountability to the industry.
As the transition period ends, the three concessionaires have announced their plans for the future. Melco will be closing its sole satellite casino, Grand Dragon Casino, and three Mocha Club locations. SJM Resorts has also announced that it would shut down seven satellite casinos while maintaining operations at two.
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