The Macau government recently announced some great news for the entire Macau game industry. Macau's gaming revenue for March 2023 quarter is higher than the same quarter last year.

Successful Q1:

In March 2023, the government earned $10.1 billion (or $1.25 billion) from the gaming industry. Revenue was up 15.8% year-over-year, compared to $8.7 billion ($1.08 billion).

The Financial Services Administration released more accurate information on the matter. According to them, the country earned $1.58 billion ($196 million) in January, the lowest-grossing month in the first quarter. In February, that amount increased to $4.51 billion ($559 million) and to $4.02 billion ($498 million) in March.

The gambling industry has been struggling since the COVID-19 pandemic, and things seem to have changed during the first quarter of 2023. Until December last year, when the government began to take measures to spread COVID-19, measures to spread COVID-19 were active, but on January 8 this year, almost all border regulations were abolished, and the gambling industry's popularity has risen again in Macau.

Game sales totaled $11.58 billion (US$1.44 billion) in January, down 82.5% from this year in the same month last year, but increased 450% to $14.72 billion (US$1.82 billion) in April. 

Fantastic Total Gaming Revenue Figures:

Macau's total gaming revenue in the first quarter of 2023 increased 94.9% year-over-year to a total of MOP 34.6 billion ($4.29 billion). 슬롯머신사이트

The gambling industry is one of the most important factors in the Macau economy, and the tax collection in the first quarter of 2023 amounts to 19.9% of the MOP of 50.9 billion ($6.31 billion) the government has budgeted for the full year. 

The government predicts that total gaming revenue for the year will be $130 billion, or $16.1 billion. However, because the numbers increased during the first quarter, these numbers are likely to exceed, which is significant for Macau's economic growth.

Since the COVID-19 pandemic, the region has lost a lot of power as one of the hubs of South Asia, as it has gained major profits from tourists from China and Hong Kong, which has prevented tourists from entering Macau for a long time, which has resulted in a significant drop in the region's total gaming revenue, but things seem to have changed.