MSAR achieves 9 pct non-gaming goal
In the year 2015, the six major gaming operators in Macau saw their overall adjusted non-gaming income account for 9.39 per cent of their total revenue, five years ahead of the targeted minimum of 9 per cent in non-gaming revenue set out in the Five-Year Plan released by the MSAR Government last year.
The data, provided in the latest report released by the Statistics and Census Bureau (DSEC), which aims to map the city’s efforts in promoting economic diversification, shows that when non-gaming services offered through the participation of gambling activities either free of charge or discounted are included, the gaming operators earned MOP23.90 billion (US$2.99 billion) in the non-gaming area in 2015, indicating an increase of 2.68 percentage points year-on-year in terms of the ratio of the total revenue.
However, in 2015, the growth in the ratio was determined by a significant drop in revenue generated from the gaming sector, despite the drop of 5.4 per cent year-on-year that appeared in adjusted non-gaming income.
Meanwhile, the city’s casino sector generated MOP15.25 billion in direct non-gaming revenue in 2015, contributing 6.2 per cent of the total income, as stated in the report.
In terms of adjusted non-gaming revenue generated in 2015, hotel services contributed 41.2 per cent, followed by food and beverage at 23.4 per cent, and retail at 22.4 per cent.
The latest information, on the other hand, revealed that the proportion of gross gaming revenue attributable to VIP gaming, including VIP Baccarat, in 2015 dropped by 55.57 per cent, indicating a decrease of around five percentage points; whereas mass market and slot machines saw their contribution increase in spite of a decline in overall revenue for both sectors.
Growth in related industries
With the city’s gaming industry leading all others in the city, the total revenue created by related industries increased from MOP229.85 billion in 2012 to MOP359.2 billion in 2015, registering an increase of 56.3 per cent over the three-year period.
Regarding related industries, the latest information shows that the construction, finance and real estate and business services sectors enjoyed the largest growth in terms of amount of income over the years, up 193.4 per cent, 85.5 per cent and 47.5 per cent, respectively.
On the other hand, the extensive report revealed that a total of 1,185 conferences were held in the city over the course of the year, up 23.1 per cent compared to 963 in 2014, however suffering a 3.1 percent drop in the number of participants year-on-year.
Of the total number of conferences held in 2015, small conferences with around 10 to 49 participants took up the largest part, occupying 49.2 per cent, whereas those with more than 200 participants contributed around 13.2 per cent.
The number of exhibitions organized in 2015 totaled 78, down 10.3 per cent compared to the 87 that were held in 2014.