Nov 17, 2023 Newsdesk Latest News, Macau, Top of the deck  
The Macau government collected MOP51.55 billion (US$6.42 billion) in fiscal revenue from taxes on gaming in the first ten months of this year, according to the latest data released on Thursday by the city’s Financial Services Bureau.
The aggregate take for January to October was up 215.7 percent compared with the prior-year period, a time when Covid-19 -associated travel restrictions were still in place, and had a negative impact on the city’s gaming industry.
In October alone this year, the government collected just above MOP5.78 billion in revenue from gaming taxes, down 13.1 percent month-on-month from the September gain via gaming tax.
The tax-take figures in a given calendar period and the city’s casino GGR in such a time frame are not directly comparable for a number of reasons. They include the fact that there is typically a delay between the point where GGR is recorded in Macau casino operations and the point at which tax is registered by the Macau government as having been paid on such play.
Macau’s September casino gross gaming revenue (GGR) declined by 13.2 percent month-on-month, to MOP14.94 billion. August GGR result of MOP17.21 billion remains the second-highest monthly tally this year, according to official data.
Under Macau’s new, 10-year gaming concession system that came into effect on January 1, the effective tax on casino GGR is 40 percent.
Macau’s casino GGR for the ten months to October 31 reached MOP148.45 billion, up 315.6 percent from the comparable 2022 period.
According to the government’s budget plan, revenue from gaming taxes should reach just above MOP50.85 billion this year. The take for the first ten months of 2023 represents 101.4 percent of that figure.
May 17, 2024
May 16, 2024
May 20, 2024
May 20, 2024
May 20, 2024
Australian casino operator The Star Entertainment Group Ltd has confirmed receiving “inbound interest from a number of external parties” regarding potential investment in the firm. The...(Click here for more)
”The company would be happy to work on an IR development in the Middle East, leveraging the company’s experience in non-gaming offerings”
Lim Kok Thay
Executive chairman Genting Singapore