Macau's 2024 Casino Revenues Exceed Estimates but Remain Below Pre-Pandemic Levels

Reported 4 days ago

In 2024, Macau's casino revenues reached 226.8 billion patacas (approximately $28.35 billion), marking a 23.9% increase from 2023 but still falling short of the 292.5 billion patacas recorded in 2019. This growth surpasses government projections yet highlights the necessity for economic diversification as revenues declined in December amid tight security during President Xi Jinping's visit. Xi emphasized the importance of diversifying away from gambling and enhancing economic ties with mainland China and Portuguese-speaking nations.

Source: YAHOO

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