Feb 20, 2019 Newsdesk Latest News, Macau, Top of the deck  
The Macau government collected approximately MOP106.78 billion (US$13.21 billion) in direct taxes on gaming in the city in full calendar year 2018, up by 13.6 percent when compared to the previous year, according to official data from the Financial Services Bureau.
Direct taxes from gaming accounted for almost 80 percent of the Macau government’s total revenue in 2018, which stood at around MOP134.20 billion.
The Macau government ended 2018 with a fiscal surplus of MOP53.87 billion for the full year.
The government taxes the gross gaming revenue (GGR) of the casinos in Macau at a rate of 35 percent, but other levies on gaming make the rate of tax 39 percent, in effect.
Aggregate GGR in Macau in full calendar year 2018 amounted up to MOP302.85 billion, up 14.0 percent year-on-year, according to the data released by Macau’s casino regulator, the Gaming Inspection and Coordination Bureau.
In its annual budget, the government forecast that MOP82.41 billion would be collected as direct tax from gaming in full-year 2018. In drawing up its budgets, the Macau government is cautious about revenue from gaming, tending to underestimate revenue from taxes and other levies on the business.
The Macau government expects to collect MOP91.0 billion in direct taxes on gaming this year, according to its budget for 2019, presented in late November.
Apr 23, 2024
Mar 11, 2024
May 06, 2024
May 06, 2024
May 06, 2024
Macau saw a daily average of just above 120,000 visitor arrivals during this year’s Labour Day holiday season, according to data from Macau’s Public Security Police. An aggregate of 604,395...(Click here for more)
”Our gaming operators are now diversifying… we also need to evolve ourselves to meet their needs”
Yeh Chien-Ee
President of Asia Pacific at Reed Exhibitions, organiser of G2E Asia