Macau. Casinos get a Surprise!

Nicola Davidson
Written by
Nicola Davidson on 9/12/2022

Macau. The casinos there have set minimum revenue limits. It’s no secret that the COVID-19 pandemic and subsequent lockdowns had a devastating effect on the global economy. Numerous projects were places on hold. Revenue streams were at a standstill. Life as we knew it basically shut down. While online casinos were able to continue operating as usual, land-based casinos were forced to close their doors. And in some cases, they were unable to open them again.

So what did Macau do?

As a result, in an effort to minimize the impact on its casino industry. The Macau government has now set it’s casinos an easy minimum revenue level. Which will hopefully help ease the financial strain the pandemic has caused.

Set out by the Macau government. The new limits require casinos to generate a minimum revenue of MOP$7 million per gaming table and MOP$300,000 per slot machine in 2023. To date casinos in Macau are legally permitted to operate up to 6,000 gaming tables and 12,000 slot machines in 2023. Bearing the new limits in mind, this will then move the total revenue threshold to MOP$45.6 billion. A similar total to that of 2022. Some people believe that this new casino hub has even overtaken Las Vegas.

Will the new regulations be a help?

Since Macau already has an incredibly huge tax of 40% (some of the world’s highest taxed areas), some feared the new gambling regulations would cause casinos to have to owe the government money. Gambling has plunged a stunning 38% this year. That’s over 80% since covid-19 dawned on us. Current casino’s in Macau will begin to bid on new permits. Will the new regulations help to restore economic balance? It’s thought that there are still challenges for casinos to face despite the government’s intervention But only time will tell.

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Nicola Davidson

Senior Content Writer

2609 Articles

Highlights

Nicola Davidson is a content writer with a focus in online gaming. With over 15 years of experience in the industry, she has extensive expertise in casino games, sports betting as well as emerging trends that pop up in the iGaming sector. Content is more than just information. It’s about creating an engaging experience for players. Nicola perfects this by writing reviews of new slot releases, a guide to betting strategies or cutting-edge industry news.

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Elijah Bauer
Elijah Bauer
1 month ago

So over your endless hype when casino spins just lead to total disappointment! 😠

K. Kelly
K. Kelly
1 month ago

Seems like they dressed up casino spins with fancy graphics but it’s still boring disappointments! Frustrating hype!