(Xinhua/Peng Ziyang)

Gaming sector gross fixed capital formation fell by 55pct y-o-y in 2019

The amount generated in gross fixed capital formation by the local gaming sector in 2019 has dropped by 55.4 per cent year-on-year to MOP3.03 billion (US$379.5 million) as some large-scale integrated resort projects were completed, data from the Statistics and Census Bureau (DSEC) indicated.

While 2018 saw the opening of MGM Cotai, Morpheus and The 13 Hotel, however, no large scale hotels openings were reported in 2019.

Meanwhile, total expenditure of the gaming sector dropped by 6.7 per cent year-on-year to MOP117.79 billion, expenses for the purchase of goods, commissions and customer rebates went down, while total receipts dropped by 2.8 per cent year-on-year to MOP296.09 billion.

When analysing income for 2019, gaming receipts went down by 3.5 per cent year-on-year to MOP292.34 billion but with interest receipts reporting a 415 per cent spoke last year to about MOP2.71 billion, thanks to an increase in interest received from deposits and loans of the enterprises.