• 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 take nearly US$13bln to November

Dec 19, 2019 Newsdesk Latest News, Macau, Top of the deck  


Macau gaming tax take nearly US$13bln to November

The Macau government has collected nearly MOP104.04 billion (US$13.0 billion) in tax revenue from the city’s gaming industry in the first 11 months of this year. The figure is flat compared to the prior-year period, but above the MOP98.23 billion in such tax the government had forecast it would collect in full-year 2019.

Aggregate Macau casino GGR for the first 11 months of 2019 stood at approximately MOP269.62 billion, a contraction of 2.4 percent year-on-year, showed official data.

The government taxes the gross gaming revenue (GGR) of Macau casinos at a rate of 35 percent, but other levies on the casino gaming gross raise the tax rate to 39 percent in effect. Other taxes on the Macau gambling sector include levies on the income of Chinese traditional lotteries, on horse racing, instant lotteries and tax on commissions earned by operators of gambling junkets.

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.

The government’s Financial Services Bureau releases the tax data to indicate the general health of the city’s coffers. The figures published on Wednesday showed the tax sum collected so far this year from the gaming industry was 105.9 percent of the amount the government had budgeted for the whole year.

The latest official data also indicated that revenue from gaming collected so far in 2019 accounted for about 85.8 percent of the nearly MOP121.20 billion the government collected from all sources.

In calculating its budget, the Macau government tends to be conservative about estimating the amount of revenue it gets from gaming. The authorities had budgeted for a fiscal surplus of just above MOP18.06 billion for the whole of 2019. At the end of November, its surplus was nearly MOP55.38 billion, official figures indicate.


  • tweet
Related articles
  • Macau Jan gaming tax take US$402mln, down 63 pct
    Macau Jan gaming tax take US$402mln,...

    Mar 03, 2021  

  • Gaming recovery helps Melco Resorts EBITDA break even 4Q
    Gaming recovery helps Melco Resorts...

    Feb 26, 2021  

More news
  • Pace of Macau GDP decline slows in 4Q amid tourism gains
    Pace of Macau GDP decline slows in 4Q...

    Mar 08, 2021  

  • Donaco not mulling sale of Vietnam casino hotel: execs
    Donaco not mulling sale of Vietnam...

    Mar 08, 2021  


Latest News

Pace of Macau GDP decline slows in 4Q amid tourism gains

Pace of Macau GDP decline slows in 4Q amid tourism gains

Mar 08, 2021  

Macau’s fourth-quarter exports of gaming services, an important component of the city’s gross domestic product (GDP), saw a narrowing of year-on-year decline relative to that of the third...
Read More
Donaco not mulling sale of Vietnam casino hotel: execs

Donaco not mulling sale of Vietnam casino hotel: execs

Mar 08, 2021  

Fitch says LVS Nevada sale a negative, Moody’s keener

Fitch says LVS Nevada sale a negative, Moody’s keener

Mar 05, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Construction work is progressing smoothly and even though the Covid-19 outbreak has impacted our original timeline, we remain committed to this groundbreaking project"

Grant Johnson

Property general manager of City of Dreams Mediterranean



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us