Macau SLOT – Macau’s only sports betting concessionaire – reported a profit of MOP$130 million (US$16.1 million) in 2024, representing a slight 5.5% increase compared to 2023. The company also revealed it has been granted a one-year extension to its concession by the Macao SAR Government.
The updates were published in the Official Gazette on Wednesday, which revealed that the new one-year contract was inked on 12 June. It is effective from 6 June 2025 to 5 June 2026 and may be renewed upon mutual agreement.
The government had stated earlier in the month that one of the conditions for renewing Macau SLOT’s contract was that the company must formulate a specific plan to reduce its quota of foreign employees.
The relevant clause was also added to the contract, stating, “The concessionaires (Macau SLOT) should gradually reduce the number of foreign employees in accordance with their commitment to the Macao SAR Government to give priority to local employees, and actively cooperate with the SAR Government in recruiting and hiring local employees through on-the-job training and in line with the government’s labor policy.”
The Official Gazette’s update included details of Macau SLOT’s financial performance, reporting that the company had total assets of MOP$954 million (US$118 million) as of 31 December 2024, up 7.8% year-on-year, although total liabilities of MOP$330 million (US$40.8 million) was also 23% higher.
Macau SLOT said that, despite fluctuations in the macroeconomic operating environment and a slower economic recovery in neighboring regions, the local economy has remained relatively stable under the guidance of the Macao SAR Government’s policies.
“In addition to aligning with government policies, the company has continuously improved service quality and expanded diverse sports betting options,” it said.
“Last year, the company also obtained the ‘ISO 10002:2018 Customer Satisfaction Management System’ certification audited by the British Standards Institution.
“Looking ahead, we will strive to develop diverse sports betting products to meet customer needs while enhancing our information technology infrastructure to keep pace with the times and provide more comprehensive sports betting services.”
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