Government figures indicate Macau’s gaming industry recorded US$17.9 billion surplus in 2024
Summary
Macau’s gaming industry reported a gross surplus of MOP$143.1 billion (US$17.9 billion) in 2024, a 24.7% year-on-year increase, according to the Statistics and Census Service (DSEC). Total receipts for the sector rose 23.1% to MOP$231.5 billion (US$28.9 billion), while total expenditure excluding taxes increased 18.0% to MOP$94.4 billion (US$11.8 billion). Operating expenses and customer rebates climbed sharply, though non-operating expenses such as interest and depreciation fell by 9.6%.
Key Points
- Gross surplus before taxes: MOP$143.12 billion (US$17.9bn), up 24.7% year-on-year.
- Total receipts rose 23.1% to MOP$231.5 billion (US$28.9bn); drives included gaming and other activities.
- Total expenditure (excluding taxes) increased 18.0% to MOP$94.4 billion (US$11.8bn).
- Operating expenses: MOP$40.6 billion (US$5.1bn), up 28.0% year-on-year.
- Purchase of goods, commissions & customer rebates: MOP$23.2 billion (US$2.9bn), up 28.0%.
- Compensation of employees rose 7.0% to MOP$21.5 billion (US$2.7bn).
- Non-operating expenses (interest, depreciation) decreased 9.6% to MOP$9.10 billion (US$1.14bn).
- Complimentary goods/services (hotel, F&B) jumped 31.1% to MOP$25.6bn (US$3.2bn); management and contractual services up 29.4%.
- DSEC surveyed nine gaming enterprises for 2024; one ceased operations during the year. At end-2024 there were six concessionaires and two lottery operators.
Context and Relevance
The figures underline a robust rebound in Macau’s casino economy as receipts and on-property spend recover. Rising spending on complimentary services and higher operating costs show operators are investing to attract and retain visitors, while the drop in non-operating expenses helps net margins. For investors, operators and policy-makers this is a useful snapshot of post-pandemic recovery dynamics and the growing importance of non-gaming services within integrated resort models.
Why should I read this
Quick, no-nonsense take: Macau’s gaming sector hauled in a massive surplus in 2024 — receipts are up, operators are spending more to woo customers, and profits look healthier. If you follow casino markets, investments or tourism in Asia, this is the one-paragraph update you’d want before diving deeper.
Author style
Punchy: big numbers, clear trend — meaningful for anyone tracking Macau’s recovery and the regional gaming market. Read the detail if you care about revenues, operator strategy or investor signals.