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Macau targets non-gaming economy growth to reduce casino dependence
Macau plans to raise the share of non-gaming industries in GDP to about 60.0% by 2030, up from 56.7% in 2024, alongside a digital currency rollout and cross-border payments.
Macau unveiled a five-year strategic blueprint aimed at reducing its long-standing reliance on casino revenues by expanding modern financial services and other non-gaming sectors, with a greater push for economic integration with mainland China.
Under the third five-year plan for economic and social development released Tuesday, Macau targets having non-gaming industries contribute about 60.0% of gross domestic product by 2030, up from 56.7% in 2024. Gaming is still the anchor of the local economy, generating MOP$67.9 billion, or more than 80% of Macau’s total public revenue, in the first seven months of the year.
The policy document sets out four flagship infrastructure projects and a new government-backed fund to accelerate growth across priority non-casino areas including modern finance, healthcare, advanced technology, and the convention industry.
On the financial modernization front, Macau said it will advance legislation and controlled trials for its official digital currency, the “e-MOP,” and work toward a unified settlement system to support cross-border payment systems, according to the plan.