Macau's gaming revenue for 2023 saw significant growth, reaching $28.4 billion, exceeding predictions yet still trailing behind pre-pandemic figures of $36.5 billion in 2019.
President Xi Jinping highlighted the need for economic diversification in Macau, stating the importance of developing new industries that can compete globally and reduce reliance on casinos.
Sam Hou Fai, Macau's new chief executive, aims to enhance tourism and other sectors while acknowledging the continued necessity of the gambling industry to fund government operations.
Despite a slight revenue drop in December due to security measures during a presidential visit, the overall revenue growth throughout the year reflects recovery in Macau's gaming market.
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