Macau’s Secretary for Economy and Finance, Lei Wai Nong, says Macau’s economy will be “stable and positive” in 2021 as the government maintained its expectation that gross gaming revenues (GGR) will reach around MOP$130 billion (US$16.28 billion).
The Secretary said Thursday that although recent increases in visitor numbers had not been as dramatic as first expected, there had been a clear upward trend since the resumption of Individual Visit Scheme (IVS) in August.
“We are trying to keep mainland visitors to stay longer in Macau if the number of visitors do not increase greatly,” Lei said. “We need to improve our services and products to make our visitors feel welcome and warm, and to attract them to visit Macau again.”
Macau’s economy showed some improvement in December with GGR reaching MOP$7.82 billion (US$977.5 million), down 65.8% year-on-year but also the highest total since January 2020. GGR for FY20 totaled MOP$60.44 billion (US$7.56 billion), down 79.3% year-on-year.
New Year’s Eve also saw highest daily visitor tally in 11 months with 30,000 visitors.