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.
Oct 01, 2020Casino gross gaming revenue (GGR) in Macau fell by 90.0 percent year-on-year in September, to MOP2.21 billion (US$277 million), according to data from the city’s Gaming Inspection and Coordination...
Sep 30, 2020
”Everyone’s expectation is to do a percentage of the past year’s [casino revenue in Macau during China’s National Day Golden Week holiday]. No one is expecting to have an immediate rebound"
Vice chairman and chief operating officer of casino operator Wynn Macau Ltd