Macau Chief Executive Ho Iat Seng has downplayed concerns over the economic fallout of upcoming satellite casino closures, stating this week that the shutdown of 11 venues by the end of 2025 will have “limited to no impact” on the city’s GDP.
Speaking to reporters, Ho emphasized that the contribution of these satellite casinos to the overall economy is marginal—estimated at around 2.5% of GDP, or approximately MOP 10 billion. "These venues are not central to our current gaming revenue structure," he asserted, pointing out that most gaming activity has already consolidated in Cotai’s integrated resorts.
Ho's comments come as Macau enforces new gaming legislation requiring satellite casinos to operate within properties owned by licensed concessionaires, effectively phasing out third-party-managed gaming spaces. While some industry voices raised alarms about potential job losses and local business effects, Ho insisted that staff relocation plans are underway, with roughly 5,600 employees expected to be reassigned within the sector.
Macau market rattled as satellite casino closures trigger investor shifts and operational risk
He also noted that the reforms are part of a broader strategy to modernize and regulate the gaming industry, aligning Macau with international compliance standards. "The consolidation brings long-term stability," Ho said, adding that the government remains committed to monitoring the process and ensuring minimal disruption to livelihoods.
With these remarks, Macau's leadership signals confidence that the region’s economic foundation—still heavily reliant on gaming—remains solid despite structural shifts.
