• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau govt surplus dips in 1H as casino take falls

Jul 22, 2016 Newsdesk Latest News, Macau, Top of the deck  


Macau govt surplus dips in 1H as casino take falls

The Macau government fiscal surplus is down by 32.1 percent year-on-year in the first half of 2016 to MOP17.26 billion (US$2.16 billion) as public revenue – which mainly relies on direct tax from gaming – keeps falling.

Much of the city’s public revenue comes from taxes on gambling, levied at an effective rate of 39 percent of the gross. The government’s total revenue stood at MOP47.85 billion at the end of June, 13.5 percent lower than in the prior-year period, according to data disclosed by the city’s Financial Services Bureau.

Direct taxes from gaming brought in 82.8 percent of the Macau government’s total revenue in the six months to June 30. The government collected a total of MOP39.61 billion in direct taxes from gaming in the first half of 2016, down by 13.4 percent year-on-year.

Accumulated direct tax from gaming has been declining as casino gross gaming revenue (GGR) in Macau continues to fall. Aggregate GGR for the first six months of 2016 stands 11.4 percent lower than in the same period in 2015, at about MOP107.79 billion.

In June, GGR stood at approximately MOP15.88 billion, the lowest monthly tally for Macau casino GGR since September 2010, according to official data.

While government revenue is declining, expenditure has actually been increasing, although at a slower pace than in previous years. Public spending in the first six months of 2016 reached MOP30.59 billion, up by 2.3 percent year-on-year, the official data show.

Although the government’s surplus is down more than 30 percent year-on-year, it is nearly five times above the MOP3.47-billion forecast for the full year. The execution rate on budgeted spending stood at 497.5 percent in the first half according to finance bureau data.

Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac, said earlier this month that the government expects overall casino GGR in the city to continue declining – in year-on-year terms – in the second half of 2016. However, the rate of decline is likely to slow, Mr Leong said.

The government maintains its forecast for the city’s GGR at MOP200 billion for 2016. That would represent a decline of 13.4 percent compared to the MOP230.84 billion in casino GGR recorded for the whole of 2015.


  • tweet
Related articles
  • Macau Jan VIP roll down 25pct junkets tell analysts
    Macau Jan VIP roll down 25pct junkets...

    Feb 13, 2019  

  • US$1.26 bln gaming tax take puts Macau up on 2019 target
    US$1.26 bln gaming tax take puts Macau...

    Feb 13, 2019  

More news
  • Casino architects Steelman Partners name new chief
    Casino architects Steelman Partners...

    Feb 18, 2019  

  • Landing’s Jeju casino hosting Triton Poker tour stop
    Landing’s Jeju casino hosting Triton...

    Feb 18, 2019  


Latest News

Casino architects Steelman Partners name new chief

Casino architects Steelman Partners name new chief

Feb 18, 2019  

Casino design specialists Steelman Partners LLP have named Steve Anderson as the company’s new president after Ethan Nelson’s resignation in December. Mr Anderson has been a senior project...
Read More
Landing’s Jeju casino hosting Triton Poker tour stop

Landing’s Jeju casino hosting Triton Poker tour stop

Feb 18, 2019  

Scorgie heads Indo Pacific’s new table games team

Scorgie heads Indo Pacific’s new table games team

Feb 18, 2019  

Budget hotel rule tweaks may aid Macau tourism: reps

Budget hotel rule tweaks may aid Macau tourism: reps

Feb 18, 2019  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We expect it [the first phase of casino resort Hoiana in Vietnam] to open in October, and by then basically 90 percent of the first-phase content will be launched – such as the golf course, and hotels”

Andrew Lo Kai Bong

Executive director of project investor Suncity Group



Most Popular

  • No local Vietnam players at Hoiana launch: SuncityNo local Vietnam players at Hoiana launch: Suncity February 15, 2019
  • Beijing new grey money curbs with unclear impact on MacauBeijing new grey money curbs with unclear impact on Macau February 15, 2019
  • Universal Ent back to profit after Wynn Resorts settlementUniversal Ent back to profit after Wynn Resorts settlement February 15, 2019
  • MGM Resorts places all-in bet on Osaka for Japanese casinoMGM Resorts places all-in bet on Osaka for Japanese casino February 15, 2019
Copyright 2014-2019 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us