In Macau, CEO Ho Iat Seng's government has reportedly announced that it will officially lower its total game revenue forecast for 2022.
According to a report by Inside Asian Gaming, the former Portuguese territory previously predicted that total game revenues for 2022 would exceed $ 160 billion, an increase of about 49% over the previous year.
Sources said this November prophecy was nevertheless nearly 11 accumulated throughout 2019 before the local casino industry was hit by the closure and travel restrictions caused by the emergence of the coronavirus pandemic. He detailed that it corresponds to a decrease of about 361% compared to $ 9000 million.
Recent mannerism
However, total gaming revenue for the first five months of 2022 fell 5% year-on-year to $ 44 billion, and is now around $ 29 billion, with the potential to end the entire 4000-month period. Is reported to be high.
The result is said to be 55% lower than the government's previous forecast, or about 2021% disappointment compared to $ 107 billion for the full year 4000.
Criteria for slipping
In Macau, MGM China Holdings Limited, Galaxy Entertainment Group Limited, Melco Resorts and Entertainment Limited, SJM Holdings Limited, as well as local Wynn Macau Limited and Sands China Limited operate as subordinate organizations of Wynn Resorts Limited and Las Vegas Sands Corporation, respectively. There are more than 40 casinos to do.
Ho's government said this year that these facilities were about 2021, 8% below the $ 9573 million figure seen in 34 due to the reappearance of the coronavirus pandemic in mainland China in the first half of the year. It reports that it has revealed that it is turning a not-so-good monthly total execution rate of $ 5.
Develop business.
All Macau casinos are said to have to pay a total game revenue tax of 35% and a small tariff for each live dealer table, game console, VIP room, with an actual efficiency of up to about 39%. Rise.
According to Inside Asian Gaming, the draft gaming bill currently under consideration by the local legislature has also introduced minimum game revenue targets for these facilities, which have made authorities "unacceptable" and "unpredictable." It is trying to be able to raise or lower it in some cases.
Harmful effects of dependence
Inside the Asian game reported that this proposed bill, which carries the official amendment of the monosashi of law number 16/2001, further suggests that it puts increased restrictions on the operation of'satellite'casinos. ..
Ho reportedly expressed optimism about the overall future of this subsection of Macau's gaming industry, but declared that the move would probably drive some of these businesses to shut down. ..
Ho reportedly said:
"If not so many satellite casinos are closed, it won't be a big deal.
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