Economics and statistics

Macau's economy relies on the gambling sector: gross gambling income (GGR) is formed mainly from tables where baccarat leads, with a growing share of mass-market and ETG.

The tax model is based on duty with GGR plus earmarks, which makes the sector the main source of budget revenues and employment in related industries - hotel business, F&B, retail, MICE.

Tourism is a key driver, with the bulk of guests coming from mainland China and the Greater Bay Area.

After the compression of the VIP channel, the focus shifted to premium mass and increased non-gaming income (hotels, shopping, entertainment), which reduces volatility and increases sustainability.

Operators focus on KPI diversification, number of rooms and the growth of the average check, and the government - on stable tax collection, Responsible Gaming and the development of non-game clusters.