Macau reduces gaming tables and slot machines count
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The new concession period in the Macau gambling industry commences on January 1, 2023. The Macao government has announced the allocation of tables and slot machines.
The Chief Executive made a public announcement earlier this year. The minimum annual gambling revenue per table has been set at MOP$7 million ($870,000) and the minimum yearly revenue of a gaming machine is Mop$300,00 ($37,500).
The measure will result in a 13% reduction in tables and 3% in slot machines. The minimum gambling revenue for both gaming tables, machines and tables is MOP$45.6 billion.
Macau saw its GGR at the level of MOP$38.7 billion (US$4.83 billion) at end of November 2022. The recent decision of Macau authorities to open gambling facilities and approve a 5% tax relief to operators for attracting foreign visitors to the region during the holiday season may help bring the 2022 revenue value around the projected figure.
SJM, Melco, Wynn, GEG and Sands are losing a total of around 1100 tables. MGM will take advantage of the situation to win additional 198 tables over its former allocation. Geg is expected to experience a 31 percent increase in slot machines.
