Gaming industry produces more than half of Macau’s GDP

The Statistics and Census Bureau (DSEC) announced on Wednesday that gaming and junket businesses now produced 50.5 percent of Macau gross domestic product (GDP) at producers’ prices.

This represents a 1.5 percent rise over last year’s figure.

The gross value added (GVA) at current prices of the gaming and junket sector rose 10 percent year-on-year to MOP220.8 billion (about $26.5 billion).

Earlier this week, Chief Executive-designate Ho Iat Seng told state broadcaster China Central Television that it is it is “unhealthy and unsustainable” if Macau tries to develop itself on the basis of a single industry.