Macao’s casino gross gaming revenue in June amounted to 15.88 billion patacas, representing an 8.5 percent year-on-year decrease. In the first half of 2016, gaming revenue totalled 107.79 billion patacas, an 11.4 percent fall from the corresponding period in 2015. The latest figures are in line with the Government’s expectation for the gaming industry’s performance in 2016. The Government forecasts casino gross gaming revenue in 2016 would be around 200 billion patacas, with a monthly average of about 16.6 billion patacas. Casino gross gaming revenue in the first six months of 2016 represented 53.9 percent of what the Government forecast for the whole year, and amounted to a monthly average of approximately 17.97 billion patacas. The Government expected – based on conditions in the international and regional economy – that the year-on-year decline would narrow, despite gaming revenue growth in the second half of 2016 would remain in negative territory. Government efforts in promoting diversification in the city’s gaming industry have showed effectiveness. In the first half of 2016, revenue from casinos’ mass-market segment contributed 53.1 percent of overall gaming revenue, an increase of 10 percentage points compared to the first six months of 2015. In the first half of 2016, VIP revenue recorded a 17.3 percent decline, while revenue from mass-market operations fell 3.6 percent judged year-on-year. The Government noted that two more resorts are likely to open in the second half of this year. It believes the two new projects will help enhance the city’s attractiveness to tourists, and bring more of them to the city. The Government will pay even closer attention than previously to any possible negative impacts for the city’s economy and employment opportunities arising from the adjustment period of Macao’s gaming industry. The Government will provide more in-job training to local employees in order to help them improve their upward mobility in career terms, and their horizontal mobility within their chosen jobs. The Government will allocate more resources to help stimulate the development of non-gaming elements in the city’s tourism sector. This is part of the effort to coordinate the transformation of Macao as a world centre of tourism and leisure; and to propel a sustainable and healthy development of the city’s gaming industry.
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