Macao authorities plan to create a customized questionnaire that will specifically cover non-gaming investment projects by Macao’s six casino concessionaries as part of data collection work conducted by the Macao Statistical Office. The Macao government will also begin researching ways to evaluate the effectiveness of such non-gaming projects, a press release said Monday.
The update followed a full meeting of Macau’s Statistical Advisory Committee. According to the announcement, the NSO will collect data on casino operators’ non-game investments and work on evaluating the results of these projects, the NSO chief quoted the NSO chief as saying.
Under the new concession agreement with six operators in the city, the companies are required to invest 108.7 billion MOPs ($13.49 billion) in non-game projects and overseas marketing efforts.
Macau’s recent gross gaming revenue (GGR) recovery is likely triggered as early as next year by government conditions to increase non-gaming and overseas marketing spending pledges by up to 20% over the current decade of concessions made by Macao’s six casino operators.
Some observers told GGRAsia that this increase in promised investment would be affordable for Macau casino companies, and would probably be desirable for market development.
Macau’s GGR hit 114.01 billion MOPs in the eight months to August 31, up 295.1% from the same period in 2022.
Each operator must deliver a planned investment and action plan for non-gaming projects in the following calendar year by the end of September each year, in accordance with previously disclosed information by the government.
The Macau government has also put in place a “reference mechanism” to help local associations connect with casino operators in the city on potential non-game projects involving culture or sports.