The latter input will be MOP10.1 billion over the decade of the new concessions. MOP108.7 billion (US$13.60 billion), compared to gaming-related investment. In return, the firms were contracted to commit in aggregate 10 times as much to “exploring overseas customer markets and developing non-gaming projects”, i.e. January brought into effect new concession contracts for the city’s six operators. In 2023, Macau regained its crown as the world’s largest-single casino jurisdiction as measured by gross gaming revenue (GGR). The Chinese authorities showed during the year little sign of letting up on their campaign against “cross-border” gambling crimes, including even the act of soliciting mainlanders to gamble within the legal jurisdiction of Macau.Ī number of commentators wondered aloud what – if anything – that might mean for regional casino projects already open or in development, that just a few years ago would have eagerly anticipated serving a large number of Chinese players. The re-entry of China consumers into regional markets beyond Macau and to global travel markets was though slow during 2023, noted a number of investment analysts. Strictly speaking, complete shutdowns of movement were rare during the three years of Covid-19 disruptions, but cross-border movement – especially beyond mainland China-Macau – was complicated and often involved a quarantine stay in a hotel. Japan’s Osaka metropolis, which like Nagasaki had submitted its IR plan in April 2022, got a better result, being approved in April this year – with a 66 percent score on the government’s checklist – and with the completion date on MGM Osaka currently estimated as 2030.Ī key story this year was what analysts often referred to as the “reopening” of mainland China and Macau as pandemic-related travel restrictions were lifted. There was at least one bit of blight, after Japan’s Nagasaki prefecture received on December 27 the unwanted post-Christmas gift of being turned down on its application to host an integrated resort (IR) with casino, with the national authorities citing concern about its funding plan.

The year 2023 saw many green shoots in the Asia-Pacific licensed casino sector after the long winter of Covid-19 restrictions. Newsdesk Features, Latest News, Top of the deck 2023: Year of the great recovery for Asia casinos

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