Macau (MNA) – The city’s total receipts of the ten enterprises engaging in gaming activities was MOP268.01 billion (US$33.14 billion) in 2017 which had grown 18.7 per cent year-on-year, results of survey conducted by the Statistics and Census Service (DSEC) disclosed.
The results of last year marked an end to the downward trend over three consecutive years since 2014, stated DSEC.
Receipts from ‘gaming and related services’ increased 18.7 per cent to MOP267.86 billion, with receipts from ‘gaming’ amounted to MOP266.54 billion and ‘food and beverage’ totalled MOP567 million.
Meanwhile, interest receipts for 2017 decreased 10.9 per cent year-on-year to MOP147 million due to a drop in deposits.
Within the gaming sector, total expenditure was MOP114.89 billion, up 18.5 per cent year-on-year.
Expenditure of ‘purchase of goods, commission paid and customer rebate’ increased 23 per cent to MOP60.86 billion, taking up 53 per cent of the total.
Operating expenses for the gaming sector was MOP27.94 billion, up 16.7 per cent year-on-year.
According to the DSEC survey, operating expenses mainly were incurred on ‘complimentary goods and services provided to customers’ such as hotel accommodation and food & beverage, ‘management services and contractual services’ and ‘marketing & publicity’.
Compensation of employees grew 7.4 per cent year-on-year to MOP21.33 billion.
Gross Value Added, which used to measure the sectoral contribution to economy, was MOP179.07 billion, up 17.6 per cent year-on-year.
Gross Surplus of the sector amounted to MOP157.74 billion, posting an increase of 19.1 per cent.
In the wake of the completion of several large-scale tourism and gaming facilities in 2016, Gross Fixed Capital Formation of the gaming sector last year plunged 87.2 per cent from to MOP949 million from MOP7.43 billion in 2016.