The post Expert Warns About the Impact of Tariffs on Macau’s Gambling Sector appeared first on Vegas Slots Online News.
The recent tit-for-tat introduction of tariffs between the US and China will have a knock-on impact on Macau’s gambling sector, according to one expert.
Speaking to Inside Asian Gaming, Macau Economic Association President Lau Pun Lap noted that while tariffs won’t have a major impact on importing and exporting goods, the services sector could be hit hard.
72% of visitors to Macau came from mainland China last year, and Pun said that the tariffs will, as a result, “impact on the export of integrated tourism services,” with consumer confidence hit hard.
Pun believes that total revenue could only hit MOP$230bn (US$29bn)
Recent results from the first quarter show some cause for concern. The MOP$57.6bn (US$7.2bn) revenue was underwhelming, with the government’s forecast last year stating that the region’s gaming revenue would hit MOP$240bn (US$30bn) in 2025. Pun believes that total revenue could only hit MOP$230bn (US$29bn) due to the possible impact on consumer spending.
The post Expert Warns About the Impact of Tariffs on Macau’s Gambling Sector appeared first on Vegas Slots Online News.
