Information from the Statistics and Census Service (DSEC) indicated that owing to the decline in gross gaming revenue since June 2014, total receipts of the sector dropped by 2.5% year-on-year to MOP 354.06 billion in 2014, marking the first decrease since 2004 when the survey was launched. Receipts from Gaming & Related Services (e.g. food & beverage, currency exchange, etc.) amounted to MOP 353.64 billion, down by 2.5% year-on-year, of which gaming receipts decreased by 2.6% while receipts from food & beverage rose by 8.8% to MOP 613 million. Meanwhile, interest receipts increased by 28.3% year-on-year, at MOP 412 million. Total expenditure amounted to MOP 150.90 billion, down by 3.7% year-on-year. Purchase of Goods, Commission Paid and Customer Rebate accounted for 68.8% of the total, at MOP 103.84 billion, down by 10.3% year-on-year. Operating Expenses increased by 16.0% to MOP 24.56 billion, of which expenses on complimentary hotel accommodation (MOP 6.09 billion) and marketing & market research (MOP 5.41 billion) rose by 21.7% and 31.0% respectively. Compensation of Employees (MOP 18.97 billion) increased by 17.3% year-on-year while depreciation and interest paid (MOP 3.54 billion) edged down by 0.8%. Gross Value Added that measures the sectoral contribution to the economy amounted to MOP 225.25 billion, down slightly by 0.3% year-on-year. Gross Surplus of the gaming sector (receipts from gaming & related services plus changes in inventories less expenditure) decreased by 1.6% while Gross Surplus Ratio rose marginally by 0.5 percentage points to 58.3%. In view of major renovations and acquisition of additional electronic gaming equipment by the enterprises, Gross Fixed Capital Formation increased by 22.8% year-on-year to MOP 2.64 billion. In 2014, number of gaming enterprises in operation stayed at 10. Total number of full-time employees rose by 3.5% year-on-year to 57,757, down from the 3.7% growth in 2013.
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