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Macau CE Sam Hou Fai: No Adjustment to Full-Yr GGR Forecast for Now
2026-10-12 09:04:53 Macau's GGR posted YoY declines for four months in a row. GGR for 9M26 amounted to about MOP187.1 billion, up 3.2% YoY, around MOP50 billion short of the Macau SAR government's full-year forecast of MOP236 billion. Macau Chief Executive Sam Hou Fai said in an interview that GGR started to shrink from 2Q26. The government is assessing whether the downturn is attributable to the external economic environment or a shift in the overall industry trend, and no conclusion has yet been reached. Authorities will continue close monitoring. At this juncture, the government will not adjust its full-year GGR forecast, hoping that visitor growth during the National Day Golden Week holiday will support a steady increase in gaming tax revenue in October. A comprehensive assessment will be conducted after reviewing October data. ~ AASTOCKS Financial News Website: www.aastocks.com | |