Macau lowers 2025 casino revenue forecast to MOP$228bn
Adjusted budget reflects economic outlook and gaming sector performance.
Key points:
– Macau cuts 2025 casino GGR estimate from MOP$240bn (US$29.8bn) to MOP$228bn (US$28.3bn)
– Revised overall budget income set at MOP$116.5bn
– Technology fund receives MOP$340m boost for research support
As reported by Macao Daily, the Macau Government has revised its 2025 fiscal budget, trimming its projected gross gaming revenue from MOP$240bn to MOP$228bn, citing current economic conditions and the actual operational performance of the gaming industry so far this year.
Monthly GGR assumption has been adjusted from MOP$20bn to MOP$19bn. The revised projection is now the fiscal base for the updated public revenue plan. According to the Secretary for Administration and Justice, Cheong Weng Chon, the amendments aim to ensure the administration continues to function smoothly while accommodating new policies introduced by the current government.
The updated budget also reallocates funding to support key initiatives. These include increased allocations for allowances to vulnerable groups, the development of the University of Macau’s Hengqin campus, and investment in technological research. Conversely, the Public Investment and Development Expenditure Plan (PIDDA) sees a slight cut from MOP$19.78bn to MOP$19.58bn.
Good to know: Despite Macau’s gaming revenue reaching MOP$21.2bn in May, the average for January to April was just MOP$19bn, lower than the original monthly estimate of MOP$20bn
Deputy Director of the Financial Services Bureau, Ho In Mui, confirmed that the revised budget anticipates MOP$116.5bn in income and MOP$116.2bn in expenditure, maintaining overall fiscal balance. Gaming tax revenue expectations have also been lowered by MOP$4.5bn to reflect the new GGR estimate.
She added that departments are now preparing the 2026 budget under the principle of spending within means. All new proposals must be justified to ensure responsible public fund usage and maintain fiscal discipline.
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