• 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 gaming tax revenue up 12 pct in Jan-May

Jun 19, 2017 Newsdesk Latest News, Macau, Top of the deck  


Macau gaming tax revenue up 12 pct in Jan-May

The Macau government’s take from direct taxes on gaming increased by 12.4 percent year-on-year in the first five months of the year, show provisional data disclosed on Friday by the city’s Financial Services Bureau.

The city collected MOP37.12 billion (US$4.64 billion) in fiscal revenues from direct taxes on gaming between January and May. That compares with MOP33.03 billion collected in the same period of 2016.

Direct taxes from gaming brought in 82.9 percent of the Macau government’s total revenue in the first five months of 2017.

Macau’s casino gross gaming revenue (GGR) rose 23.7 percent year-on-year in May, to MOP22.74 billion, announced on June 1 the local regulator, the Gaming Inspection and Coordination Bureau. It was the 10th consecutive month of GGR growth in the market, and the biggest increase in year-on-year terms since February 2014.

For the five months to May 31, Macau’s aggregate casino GGR was MOP106.38 billion, up 15.8 percent from the prior-year period, according to the official data.

Macau levies an effective tax rate of 39 percent on casino GGR – 35 percent in direct government tax, and the remainder in a number of levies to pay for a range of community good causes.

The Macau government fiscal surplus for the January-May period was up by 44.7 percent year-on-year to MOP23.79 billion.

The city’s government forecasts GGR to come in at MOP200 billion in 2017, an average of approximately MOP16.6 billion per month. It has said it expects to collect a total of MOP71.86 billion in fiscal revenue from direct taxes on gaming this year.

The Macau government has a track record of taking a conservative approach when estimating gaming-related tax revenue in its yearly budgets.


  • tweet
Related articles
  • Macau 2020 gaming tax take US$3.7bln, down 74pct
    Macau 2020 gaming tax...

    Feb 19, 2021  

  • Macau monthly gaming tax take rises to US$355mln in Nov
    Macau monthly gaming tax take rises to...

    Dec 18, 2020  

More news
  • 2021 board named for International Gaming Standards Assn
    2021 board named for International...

    Mar 02, 2021  

  • Foreigner-only Vietnam casinos seek local trade: report
    Foreigner-only Vietnam casinos seek...

    Mar 02, 2021  


Latest News

2021 board named for International Gaming Standards Assn

2021 board named for International Gaming Standards Assn

Mar 02, 2021  

The International Gaming Standards Association (IGSA) has added to its board Scott Cowan, manager of destination gaming at Canada’s Atlantic Lottery Corp. Other sitting senior officials and board...
Read More
Foreigner-only Vietnam casinos seek local trade: report

Foreigner-only Vietnam casinos seek local trade: report

Mar 02, 2021  

IGT, Sci Games in cross-licensing deal on cashless gaming IP

IGT, Sci Games in cross-licensing deal on cashless gaming

Mar 02, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

”Consumers are increasingly comfortable using cashless technology, and they will continue to expect this option to be available on the floor"

Matt Wilson

Chief executive – gaming business at casino equipment and technology supplier Scientific Games



Most Popular

  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
  • Melco’s Lawrence Ho hopeful on Macau recovery in MarchMelco’s Lawrence Ho hopeful on Macau recovery in March February 26, 2021
  • Galaxy Macau to add Raffles-branded hotel towerGalaxy Macau to add Raffles-branded hotel tower March 1, 2021
  • Macau casino GGR down 9pct m-o-m in February: govtMacau casino GGR down 9pct m-o-m in February: govt March 1, 2021
  • Suncity to open clubs at Londoner Macao, Lisboa PalaceSuncity to open clubs at Londoner Macao, Lisboa Palace February 26, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us