Inside Asian Gaming

IAG FEB 2023年2月 亞博匯 116 10 YEARS AGO I f you were to look at a graph of Macau’s gaming revenues over the past two decades, you would not find a greater contrast decade to decade than GGR of 2012 versus GGR in 2022. Yet with the calendar having now ticked into 2023 and some long-awaited optimism finally creeping back into the city with borders finally opening again, there are plenty of similarities to be had with the year that was 2013. As has become part of Macau folklore, 2013 to this day remains the most successful year in the local industry’s history with GGR reaching a record MOP$360.75 billion (US$45.2 billion). And it came as no great surprise either with IAG ’s cover story in our February 2013 issue, titled “Snakes and Ladders”, predicting a VIP renaissance and a booming mass market for the year ahead. “Forecasts out of the gate are bullish,” we wrote at the time. “Analysts are talking about anywhere from 10% (Citigroup) to 18% (JP Morgan) growth coming off a 2012 in which the industry racked up MOP$304.14 billion (US$38 billion) in gross gaming revenue, surpassing